US existing home sales beat economists's May expectations, accelerating to their fastest pace since November 2009. But the possibility of buyers shut out of the market still looms thanks to rising prices and mortgage rates.
Comcast founder Ralph J. Roberts died Thursday night, the company announced Friday. Roberts transformed Comcast from a tiny cable provider in Mississippi to one of the most powerful (and sometimes hated) companies in the US.
Foreclosure activity in the US is now at a 19-month-high, just one year after foreclosure activity was at an eight-year low. The good news? This is most likely a temporary hiccup as distressed home owners finally hand over their house keys to banks.
In 2014, the world’s millionaire population grew to 14.6 million, with nearly $57 trillion in wealth. The distribution of wealth for both millionaires and Average Joe's continues to be quite stark.
Gap will close a quarter of its North American specialty stores over the next few years, including 140 closures that will happen during the 2015 fiscal year. With slumping sales, what does the retailer need to do to turn things around?
Adding a teen driver to an auto insurance policy can raise premiums by 80 percent, according to a new study. Which state has the biggest premium hikes for insuring teenage drivers, and what can parents do to save money?
Rupert Murdoch is expected to step down as CEO of 21st Century Fox, CNBC reported Thursday. His son James Murdoch will be handed over the position after a long and sometimes-bumpy career within his father's empire.
Google's Larry Page has been named the 'Highest Rated CEO' in the US, according to recruitment firm Glassdoor. Page, who garnered a 97 percent approval rating from Google staff, has expressed support for shorter work schedules and longer vacations.
Chipotle will offer hourly employees benefits such as sick pay and tuition reimbursements starting July 1. The announcement comes as workers and advocates call for higher wages and benefits so that people in the restaurant industry can make a living without relying on public assistance.
The first Friday in June is National Doughnut Day. Think you know all about Homer Simpson’s favorite food? Find out with our quiz!
Coca-Cola has unveiled a bottle made entirely of plant-based materials. The new Coke bottle is the latest sign of the company's growing shift toward more environmentally friendly practices.
General Motors, Fiat Chrysler, and other automakers beat analysts' expectations and saw their best May sales in years. But now, it is taking consumers even longer to pay back auto loans.
KFC has filed lawsuits against three Chinese companies, alleging that their social media accounts spread rumors about its food. What has China done to improve food safety in the wake of a damaging supplier scandal last year?
Five automakers expanded their recall lists of cars with defective Takata airbag inflators. The National Highway Traffic Safety Administration says it may take several weeks before automakers verify which cars need to be recalled.
Whole Foods, once flooded itself, is offering $1 million in zero-interest loans to businesses in Austin, Texas that were damaged in deadly flooding over Memorial Day weekend. Other businesses are also pitching in to support flood victims across the state.
Apple earned its spot as the world's most valuable brand after losing the title to Google last year, according to the BrandZ Global Top 100 Most Valuable Brands annual ranking. Since BrandZ's first report in 2006, more and more technology brands have joined the top 100.
Six media executives were among the top 10 highest-paid CEOs in the US, earning a combined 364.2 million in 2014. Discovery Communications' David Zaslav made $156.1 million, almost quadrupling his salary from 2013.
Although gas prices have gone up by 70 cents since January, they are still almost a dollar less than last year's prices. As more drivers hit the roads for Memorial Day weekend and the rest of the summer, it is uncertain whether gas prices will rise or fall.
McDonald's workers will protest at the fast food company's annual shareholder meeting to call on executives to raise wages for employees at company-owned and franchise-owned restaurants. The protest comes on the heel of the "Fight for $15" movement's recent success.
Starbucks and Spotify are collaborating to bring Spotify's music-streaming service into Starbucks' 7,000 US locations starting this fall. The news comes two months after the coffee chain stopped selling CDs.
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