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

Chinese grocery delivery company clings to gains after slashing IPO

Workers at grocery delivery company Dingdong pack up vegetables for orders the company claims customers can receive in about 30 minutes. Dingdong BEIJING — Chinese

Business

China’s crackdown on tech firms will hurt economic growth, says analyst

The Chinese government has gone “too far” in cracking down on large technology companies — that will hurt innovation and slow down economic growth, an

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

U.S. stock futures are little changed as the market closes out a winning first half

A trader works on the New York Stock Exchange on March 3, 2020. Michael Nagle | Xinhua via Getty U.S. stock futures were little changed

Business

Launch regulations ‘broken’ after delayed SpaceX launch

SpaceX was seconds away from launching its 20th mission of this year Tuesday when the countdown was halted due to an aircraft entering the launch

Business

Stocks should add to gains in the second half, but there are two big concerns

Stocks are expected to move higher in the second half of the year, propelled by strong earnings gains and super-charged economic growth. The market’s gains,

Business

Cathie Wood keeps buying shares of autonomous drone stock Kratos

Cathie Wood, CEO and founder of ARK Invest. CNBC (This story is for CNBC PRO subscribers only.) Cathie Wood’s Ark Invest added to its position

Business

Veteran investor David Roche says the market bubble will ‘come to an end’

Traders on the floor of the New York Stock Exchange. Source: NYSE As the S&P 500 notches record highs despite the backdrop of potential monetary