Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage personnel to help secure deals in competitive…
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Business
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Many blue-collar workers are riding into 2024 on a year’s worth of stronger hiring, more plentiful job opportunities and faster pay growth than some of their white-collar counterparts. After two years of rapid growth, the…
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The housing market might be turning around for frustrated would-be buyers as mortgage rates dip and listings rise, according to the real estate brokerage Redfin. The interest rate on a 30-year fixed mortgage is down…
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Much has been made about how Americans feel bad about the state of the economy, even though according to many broad-based statistical measures things are pretty good. It looks like that message has sunk in…
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Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy. Nonfarm payrolls rose by 199,000 for the…
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Prosecutors have charged a former employee of the NFL’s Jacksonville Jaguars with stealing $22 million from the team and spending it on a condo, cars, cryptocurrencies, gambling, a $95,000 watch and more. According to documents…
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Automakers often display a warning in commercials when showing a car executing incredible stunts: ‘Professional driver on a closed course. Please do not attempt.’ But with deaths from car crashes rising every year, experts are asking if that…
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Business
Wall Street CEOs say proposed banking rules would hurt small businesses, low-income Americans
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions during an annual Senate oversight hearing,…
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Business
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions during an annual Senate oversight hearing,…
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McDonald’s wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The targets are part of the fast-food giant’s long-term plans to grow sales across its already sprawling…