The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report.
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Earnings playbook: Big banks and an airline kick off the reporting season
Business
GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned. The global reductions began Monday and will impact about […]
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Business
The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
Central Park Tower, center, along Billionaire’s Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani’s proposed pied-à-terre tax that brokers warn could cause a wealth flight. […]
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Business
April home sales disappoint as higher mortgage rates weigh on buyers
Sales of previously owned homes in April were essentially flat compared with March, rising just 0.2% to 4.02 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were expecting a gain of more than 3%. April sales were unchanged year-over-year. This count is based on closings, so […]
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