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Growing concern over the trajectory of the Iran war has bond yields rising and mortgage rates following suit. The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage News Daily. That is the highest level since July 31. Rates are now up 33 basis points in just

Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets. The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. According to its 2025 annual report, corporate function roles include employees in human

JPMorgan summer reading list Courtesy: JPMorgan The latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes. The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy looking for

Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A new regulatory filing may have just revealed what he was referring to. When asked in March whether Berkshire was still putting money to work, Buffett said the conglomerate had made “one tiny purchase” but was still

Lululemon is showing its teeth.  The Vancouver-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show.  The letter, Lululemon’s first major public response to

The booth of USSEC (U.S. Soybean Export Council) on Nov. 8, 2025, at the 8th China International Import Expo in Shanghai. Sopa Images | Lightrocket | Getty Images BEIJING — China has agreed to buy U.S. soybeans and address American access to rare earths, the White House said Sunday, touting some of the most tangible

Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021.  Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300

Bill Ackman, founder and CEO of Pershing Square Inc., attends his company’s IPO at the New York Stock Exchange (NYSE), in New York City, U.S., April 29, 2026. Brendan McDermid | Reuters Bill Ackman’s Pershing Square has built a position in Microsoft, as the hedge fund manager said the software giant’s recent pullback created a

Dwyane Wade, left, and Jesse Riedel speak onstage during the YouTube Brandcast event at Lincoln Center in New York, May 13, 2026. Mike Coppola | Getty Images Among the live sports and entertainment shows that carried media companies’ presentations to advertisers this week, another pitch kept popping up: creator content. The category of videos, which

Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images If new Federal Reserve Chair Kevin Warsh is still itching for a “good family fight” over monetary policy, he is

Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of

Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position

HALIFAX, Nova Scotia — Michael MacGillivray sees the arrival of Chinese electric vehicles in Canada as a potential game changer. “I think it is going to a be a huge eye-opener,” said MacGillivray, who oversees 10 dealerships in Nova Scotia and New Brunswick, Canada. As the CEO of Century Auto Group and Sigma Auto Group, MacGillivray

BEIJING, CHINA – MAY 14: U.S. President Donald Trump and Chinese President Xi Jinping attend a welcome ceremony at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images News | Getty Images BEIJING — U.S. President Donald Trump‘s closely watched visit to China this week has

President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday, more than the 150 aircraft Boeing had expected. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News, referring to Chinese President Xi

Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his

Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast’s NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report highlighted growth across its digital and licensing businesses despite continued pressure in the traditional pay TV bundle. Linear distribution

U.S. President Donald Trump (R) is greeted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. The trip by Trump is focused on trade, regional security, and strengthening bilateral ties between the world’s two largest economies. China Pool | Getty Images News | Getty Images