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JD Vance calls Iran ceasefire a 'fragile truce' and says Trump is 'impatient to generate progress'
Stocks News

JD Vance calls Iran ceasefire a 'fragile truce' and says Trump is 'impatient to generate progress'

Vice President JD Vance has called the Iran ceasefire a “fragile truce.” The ceasefire has halted attacks on Iran for two weeks and triggered a economy rally. But Vance stated some Iranians “who are lying about even the fragile truce that we’ve already struck.” Vice President JD Vance has noted the Iran ceasefire is a […]

USDA Secretary Brooke Rollins sent Easter email to staff touting 'Jesus' and 'God'
Stocks News

USDA Secretary Brooke Rollins sent Easter email to staff touting 'Jesus' and 'God'

U.S. Department of Agriculture Secretary Brooke Rollins sent USDA staff a previously unreported Easter email that emphasized the story of Jesus being crucified and resurrected. Some Christians mentioned they felt alienated by the message for its overt religiosity. A USDA spokesperson noted Rollins was “within her rights” to send the message. On Monday, President Donald […]

AI's next bottleneck: Why even the best chips made in the U.S. take a round trip to Taiwan
Stocks News

AI's next bottleneck: Why even the best chips made in the U.S. take a round trip to Taiwan

Advanced packaging allows multiple minor chips to be connected, protected and tested to create a final larger chip like a graphics processing unit. Nvidia has reserved the majority of capacity at packaging leader TSMC, where CNBC got a rare interview. TSMC is building its first U.S. advanced packaging facilities in Arizona this year, and ramping […]

CEO shares a 'very dangerous' red flag in a boss—it makes employees feel like they 'signed up for a false promise'
Stocks News

CEO shares a 'very dangerous' red flag in a boss—it makes employees feel like they 'signed up for a false promise'

The upside is clear. Chill bosses don’t micromanage. They give their employees autonomy and create a sense of freedom and flexibility at work. Thirty-eight percent of employees say they value a hands-off management style, according to an October report from HR software provider BambooHR. But some hands-off managers are far too passive, says Fineas Tatar, […]

Homebuyer mortgage demand drops annually for the first time in over a year, as war fuels uncertainty
Stocks News

Homebuyer mortgage demand drops annually for the first time in over a year, as war fuels uncertainty

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.51% from 6.57% last week. Applications for a mortgage to purchase a home were 7% lower than the same week one year ago. Applications to refinance a home loan were 4% lower than the same week one year ago. Mortgage […]

Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery
Stocks News

Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery

Delta Air Lines mentioned Wednesday it will “meaningfully reduce” its capacity growth plans in the near term. Delta joined United and JetBlue in hiking its checked bag fees this week as jet fuel costs surge. The carrier also reported first-quarter earnings that beat analysts’ expectations. Delta Air Lines CEO Ed Bastian stated the carrier will […]

The U.S. housing markets where million-dollar listings are standard
Stocks News

The U.S. housing markets where million-dollar listings are standard

Realtor.com identified 13 U.S. housing markets where at least half of active listings were priced above $1 million but with fewer than 500 such listings. Nearly all of Nantucket’s active listings are priced at $1 million or higher with a median listing price of $4.08 million, the real estate platform found. While five of the […]

Ray Dalio: Trump-Xi meeting to focus on trade, capital flows
Stocks News

Ray Dalio: Trump-Xi meeting to focus on trade, capital flows

Ray Dalio, founder of hedge fund Bridgewater Associates, told CNBC he expects U.S. and Chinese leaders to find ways to work together. He was speaking after an event in Shanghai in support of bilateral exchanges. U.S. President Donald Trump is due to visit China next month, after postponing initial plans by several weeks due to […]

Oil prices plunge after Iran agrees to safe passage through Strait of Hormuz during ceasefire
Stocks News

Oil prices plunge after Iran agrees to safe passage through Strait of Hormuz during ceasefire

President Donald Trump agreed to suspend attacks on Iran for two weeks. Iran agreed to allow safe passage through the Strait of Hormuz during the ceasefire. The ceasefire came less than two hours before Trump’s 8 p.m. ET deadline. Oil prices plunged Wednesday after President Donald Trump agreed to suspend attacks on Iran for two […]

FedEx trucking spinoff targets 2026 operating margin of 12%
Stocks News

FedEx trucking spinoff targets 2026 operating margin of 12%

FedEx Freight, the trucking corporation separating from the overnight delivery firm this summer, is expected to report an operating margin of 12% this year, incoming CEO John Smith told investors on Wednesday. That is based on expected revenue of $8.7 billion and adjusted operating income of $1.1 billion, Smith noted at the first investor day […]

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