Top News

Bed Bath & Beyond announces CEO is leaving, as it sharply misses quarterly expectations

The home goods retailer has faced months of challenges, with supply chain woes and pressure from activist investor Ryan Cohen. ... Continue Reading

Mortgage demand stalls again, even as interest rates swing briefly lower

Mortgage rates moved slightly lower last week, causing a small increase in demand for refinancing home loans. ... Continue Reading

Stock futures slip as Wall Street tries to regain its footing

Stock futures were slightly lower early on Wednesday after the major averages made a failed attempt at a bounce. ... Continue Reading

Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market

Bitcoin fell below $20,000 on Wednesday as a number of factors from macroeconomic worries to issues with crypto companies continue to weigh on the market. ... Continue Reading

Sell Upstart as rising rates weaken borrowing demand, Morgan Stanley says

Rising interest rates and a troublesome macroenvironment mean it's time to sell Upstart, Morgan Stanley says. ... Continue Reading

Russia reacts to NATO expansion deal, calling it 'destabilizing'; Ukraine releases footage of deadly mall strike

The NATO summit continues in Spain on Wednesday, with a historic deal over Sweden's and Finland's membership bids already under its belt. ... Continue Reading

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester said Wednesday that she will be advocating for a 75 basis point hike to interest rates in July if conditions stay the same. ... Continue Reading

Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue

The battle between Frontier and JetBlue for discount airline Spirit is the most contentious in recent years. ... Continue Reading

Here are 3 ways to deal with inflation, rising rates and your credit 

How can you better manage your credit and credit cards during a financially stressful time like today? Here are three tips to help you get started. ... Continue Reading

Movies have momentum headed into the second half of 2022, if inflation doesn't spoil it

A string of solid theatrical performances coupled with a strong slate of upcoming films has left most box office analysts optimistic. ... Continue Reading

Bank of America upgrades Goldman Sachs, says it will thrive in the coming economic storm

Investors looking to protect themselves from an economic slowdown should put their money in Goldman Sachs, Bank of America says. ... Continue Reading

Sony looks beyond the PlayStation 5 with its own brand of PC gaming gear

Sony is launching two PC gaming monitors and three headsets under a new brand called Inzone. ... Continue Reading

Putin needs to be stopped in the battlefield — not with sanctions, says ex-president of Lithuania

"From the very beginning of the war, I [have] said that [Putin] only understands the language of strength," says Dalia Grybauskaite, former president of Lithuania. ... Continue Reading

Buy Penn National Gaming as it benefits from pent-up demand for experiences, Barclays says

Penn National Gaming is well-positioned to benefit from pent-up demand for experiences even as consumer spending slows, according to Barclays. ... Continue Reading

Atlantic Equities says buy McDonald's, a 'defensive value play' as consumer spending slows

Now is the time to buy McDonald's, a defensive name to ride out slowing consumer spending, according to Atlantic Equities. ... Continue Reading

'Russian terror' killing innocent civilians, Ukraine says; Kyiv releases footage of deadly shopping mall strike

The NATO summit continues in Spain on Wednesday, with a historic deal over Sweden's and Finland's membership bids already under its belt. ... Continue Reading

Stock futures tick higher as Wall Street tries to regain its footing

Stock futures were slightly lower early on Wednesday after the major averages made a failed attempt at a bounce. ... Continue Reading

European Central Bank member Holzmann says there's ample room to hike to cool surging inflation

A member of the European Central Bank told CNBC Wednesday that there's plenty of runway to hike interest rates, following the two planned raises for July and September. ... Continue Reading

Europe's plans to replace Russian gas are deemed 'wildly optimistic' — and could hammer its economy

Europe's best shot at replacing Russian gas imports this year is expected to miss the mark. ... Continue Reading

ECB's chief economist sees double-sided risk of spiraling inflation and an economic slowdown

European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months. ... Continue Reading