Business

Lumber prices dive more than 40% in June, biggest monthly drop on record

A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg |

Business

Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over

Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Legendary investor Warren Buffett said the economic

Business

Charlie Munger says he’s in love with Zoom, thinks the videoconferencing trend is here to stay

Charlie Munger, vice chairman of Berkshire Hathaway, revealed he is fond of Zoom, saying the videoconferencing software will keep thriving even as life goes back to

Business

Stock futures are flat after S&P 500 closes at a record

U.S. stock index futures were little changed during overnight trading on Monday, after the S&P 500 and Nasdaq Composite closed at record highs. Futures contracts

Business

Morgan Stanley doubles its dividend as banks start to raise payouts following Fed stress tests

James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on

Business

Chinese Communist Party at age 100 confronts growing contradictions

It must be said this bluntly: the Chinese Communist Party, which turns 100 this week, represents history’s most successful authoritarians. So, why does President Xi

Business

Solar companies may benefit with extreme weather set to stress the electrical grid

Dry land is visible, at a section that is normally under water, on the banks of Lake Oroville, which is the second largest reservoir in

Business

Biden infrastructure plan means upside for two materials stocks

Cement is laid on the San Joaquin River viaduct portion of the high-speed rail line being built in Fresno, California, on May 8, 2019, amid

Business

Federal Reserve gives U.S. banks a thumbs-up as all 23 lenders easily pass 2021 stress test

The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in

Business

What to expect from banks after stress tests Thursday

A person rides a bicycle past the Marriner S. Eccles Federal Reserve building in Washington, on Friday, Jan. 22, 2021. Al Drego | Bloomberg |