Home prices are starting to weaken due to higher mortgage rates, more supply on the market and waning demand from homebuyers concerned about the economy.
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Carnival shares pop on earnings beat and raised full-year outlook
Carnival shares climbed Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.
Continue readingBack-to-school spending persists despite economic pressure, consumer survey says
Families are not holding back on back-to-school spending this year, despite growing economic pressure, according to a new PwC consumer survey.
Continue readingWomen’s Tennis Association extends media rights deal with Tennis Channel through 2032
The Tennis Channel paid a significant increase to extend its U.S. media rights deal with the Women’s Tennis Association, which includes the WTA Finals.
Continue readingESPN renews media deal with professional lacrosse, takes an equity stake in the league
ESPN is renewing its media deal with the Premier Lacrosse League and taking an equity stake in the organization.
Continue readingFedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
FedEx said it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.
Continue readingSales of new homes tanked in May, pushing supply up to a 3-year high
New home sales dropped much more than expected, as high prices, high mortgage rates and weak consumer confidence ate into demand.
Continue readingCDC vaccine panel holds first meeting since RFK Jr. put immunization critics in place
It is unclear how Kennedy’s new members, including Dr. Robert Malone, will affect the panel’s vaccine recommendations.
Continue readingAirport lounges, Europe and premium class are on the table, Southwest CEO says
Southwest CEO Bob Jordan said the airline is open airport lounges and higher-end service like Europe flights and more premium classes to woo travelers.
Continue readingThe flight patterns of private-jet setters are changing, says NetJets CEO
Despite uncertainty in markets and geopolitics, Patrick Gallagher told CNBC that the summer travel season is shaping up to be another strong one for NetJets.
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