U.S. crude oil prices on Thursday topped $80 per barrel as the escalating Iran war disrupts global fuel supplies, with traffic in the Strait of Hormuz at a standstill due to attacks on tankers. The price of West Texas Intermediate oil surged 8.51%, or $6.35, to close at $81.01 per...
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Mortgages in 47 seconds: Better’s new ChatGPT app targets lenders Rocket and UWM
Vishal Garg, Better.comSource: Better.comThe online mortgage platform Better has partnered with OpenAI to launch an app within ChatGPT that the companies said will dramatically reduce the time it takes to underwrite a mortgage or home equity loan, CNBC has learned exclusively.The app, announced by the firm later Thursday, takes Better's...
Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday.Companies added a seasonally adjusted 63,000 workers during the month, an improvement from the downwardly revised 11,000 in January and better than the Dow Jones consensus...
Target says it’s on track to end its sales slump after another lackluster quarter
MINNEAPOLIS — Target on Tuesday posted another quarter of falling revenue and customer traffic at its stores, though its shares rose as the retailer's earnings beat estimates and it said it is poised to end its sales slump.The big-box retailer, which is in the middle of a turnaround effort, said...
Berkshire Hathaway shares drop nearly 5% after poor fourth-quarter results, no bold moves by new CEO Abel
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway shares fell Monday after the conglomerate reported a sharp decline in fourth-quarter operating earnings, while new CEO Greg Abel offered few signs of an...