The Latest Breaking News on Business

What You Need To Know Ahead of Kimberly-Clark's Earnings Release

Kimberly-Clark is forecasted to release its third-quarter earnings soon, and Wall Street analysts expect the company's bottom line to decline by a single digit.

Barchart · Oct 12

Home sales under contract plummet to 12-year low in US

Pending sales dropped in all 50 states

The Independent UK · Oct 12

Late Billionaire Charlie Munger, 99, Said Al Was Getting ‘A Lot of Crazy Hype’ And Would Never Cure Cancer — ‘Old-Fashioned Intelligence Works Pretty Well’

Charlie Munger warned investors that AI was overhyped, saying old-fashioned intelligence still works pretty well.

Barchart · Oct 12

US bank stocks near correction as earnings loom, consumer outlook in focus

US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated borrowing costs and rising Treasury yields. While trading revenue is expected to remain strong, analysts are divided on the outlook, weighing potential relief rallies against macroeconomic risks and growing concerns…

The Economic Times · Oct 12

What Do the US President and I Have in Common?

I'm guessing that's not a question you thought I'd start the week by asking.

Barchart · Oct 12

Starbucks Says It Is Not Buying Chipotle. The Denial Sends Chipotle Shares Tumbling.

The speculation had drawn attention to Starbucks CEO Brian Niccol, who previously led Chipotle before taking over the coffee chain in 2024.

International Business Times · Oct 12

D.R. Horton Earnings Preview: What to Expect

D.R. Horton is set to release its third-quarter earnings in a couple of weeks, and analysts are expecting its EPS to decline marginally.

Barchart · Oct 12

OpenAI's Revenue Scare Could Be a Big Opportunity for Investors

OpenAI's reported $50 billion revenue run rate, below earlier estimates, raises IPO valuation questions and stirs concern over Oracle's $300 billion contract and AI compute demand.

MarketBeat · Oct 12

Mortgage rates for 30 years rise 3 year high due to long-term US Treasury yields. How does it impact homeowners' monthly principal, interest payments and what to expect in near future?

US Bonds Market: The rise in yields has pushed 30-year mortgage rates to a nearly three-year high of 7.4 per cent, keeping many homeowners locked into existing loans rather than refinancing as they often do when rates decline.

The Economic Times · Oct 12

Even $100,000 Households Are Shopping at Dollar General — What Does That Say About the Middle Class?

Earning $100,000 a year once sounded like a ticket to financial comfort, but many American families are discovering that six figures no longer guarantee breathing room. Rising housing costs, grocery bills, insurance premiums, and everyday expenses are changing how households spend their money.

Everybody Loves Your Money · Oct 12