Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off

CBS News

What are today's mortgage interest rates: May 13, 2026?

Looking to buy a home or refinance your current one? Here are the mortgage rates to know now.

CNBC

Traders believe inflation could near 5% this year

Traders on Kalshi think inflation will likely rise above 4.5% in 2026. A smaller number believe price increases will breach 5%. Those levels are higher than economists' forecasts, which see inflation peaking at an average of 3.8% in the second quarter. Prices in April rose at their fastest pace since...

CNBC

Gold dips as rising oil price adds to interest rate uncertainty

Gold prices were ⁠under pressure on Tuesday as fading hopes for an Iran peace deal pushed oil prices higher, adding to concerns ​about inflation and the ​prospect of higher global ​interest rates. "Higher oil prices are raising the risk that the U.S. central bank and others...

Thomas Smith

Macy’s is Closing 14 Stores. Is Your Town’s on the List?

The landscape of American retail is shifting once again as Macy’s moves forward with its sweeping restructuring plan. As part of its multi-year strategy to revitalize the brand, the department store giant has identified the next wave of locations set to shutter their doors.

CNBC

Social Security COLA for 2027 may be higher as inflation rises, new estimates find

New government data shows the pace of inflation increased in the month of April. Experts say that may drive up the Social Security cost-of-living adjustment for 2027. The Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, which is used to calculate the Social Security COLA, was up 3.9% over the past 12 months, the April data shows.

CNBC

Jensen Huang joins Trump in visit to Beijing following last-minute call

CNBC's Kristina Partsinevelos reports on news regarding the meeting between President Trump and Xi.

CNBC

This map shows the average credit score by state. Where does yours rank?

The average FICO credit score across America was 714 in 2025, according to the Spring 2026 FICO® Score Credit Insights. That's down just a single point from a year ago, largely due to the return of student loan payments and credit reporting. The nation's overall credit health is still...

Eat Like No One Else

Things to Know Before You Put Watermelon in Your Grocery Cart

Discover what you need to know about buying watermelon before you put it into your cart. You can find them year-round, but it is not until near the end of May when the melons get good. I would say you want to do the bulk of watermelon buying starting then and into September. The rest of the year, the watermelons are subpar and are shipped from far away.

The Mary Sue

Los Angeles woman finds 1-bedroom apartment for $2,500, but she still has to pay a subscription just to use her house key: ‘Lost their minds’

Apartment hunting in this day and age, especially in a big city like Los Angeles, can truly test your patience. According to Apartments.com, the cost of living in Los Angeles is 52.3% higher, and housing is 135.4% more expensive than the national average. According to one woman who’s currently searching for a place to rent […]

CNBC

U.S. dollar rises as inflation jumps; Trump-Xi talks begin

The dollar gained on Wednesday after hitting a two-week high following ⁠the latest hot U.S. inflation reading, with markets focusing on the talks set to begin between President Donald Trump and Chinese President Xi Jinping. The Labor Department said the ​producer price index surged ​1.4% last month, the largest...

CNBC

Novo Nordisk says high-dose Wegovy helped some patients lose nearly 28% of their weight

A version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest healthcare news straight to your inbox. Subscribe here to receive future editions. It comes just one month after the launch of that 7.2-milligram shot in the U.S. Certain patients on that higher dose lost...

CNBC

Most people only need these 5 low-cost longevity tips for healthier, longer lives, doctors say

As life expectancy in the U.S. rises, so does the country's broader conversation around the pursuit of longevity. Billionaires are spending big in hopes of extending their lifespan for as long as they can. The world's longest-living people share their "secrets" to longevity, intended for the average person to achieve optimal health, too. For some people, being healthy entails a lot more than it used to these days — from wearable devices to track your "good" hours of sleep to at-home DNA tests for measuring your biological age based on individual health markers.

CNBC

FedEx CEO brushes off Amazon's new logistics service that recently sent shares tumbling

CEO Raj Subramaniam on Tuesday downplayed the competitive threat from Amazon's recent supply chain services announcement. "Last week's announcement versus what FedEx operates is completely different," Subramaniam told Jim Cramer on CNBC's "Mad Money." "FedEx is a true end-to-end global network." On May 4, Amazon unveiled a new supply chain...

CNBC

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

Real estate sales in Manhattan worth $4 million or more are from the same period last year, according to Olshan Realty. Sales at the very high end remain especially strong, with contracts signed for apartments priced at $10 million or more surging by 80% to 34 contracts. That comes as...

The Money Overview

37,000 workers lost their jobs in the first 10 days of May — the companies cutting them have committed $725 billion to AI spending this year

On May 7, Cloudflare told the Securities and Exchange Commission it would eliminate roughly 20% of its workforce. The reason was not falling revenue or a missed earnings target. In its 8-K filing, the company said it was restructuring around what it called an “agentic AI-first operating model.” The expected cost: $140 million to $150 […]

CNBC

The gold chart looks poised for a bounce. How to play it for less

you know the yellow metal has been consolidating and appears to be bouncing off its 150-day moving average (support). If one prefers to use the 200-day moving average, that support level is just below $400, which is also approximately the 50% Fibonacci retracement level. Here's how to trade the...

CNBC

CNBC Daily Open: Trump touches down in Beijing as U.S. inflation heats up

President Trump arrives in Beijing with a delegation of U.S. CEOs for high-stakes talks with Xi Jinping. Asia-Pacific stocks eye a higher open as investors digest the Trump-Xi summit and oil supply risks. Wholesale U.S. inflation jumps 6% in April on an annual basis — the biggest increase since 2022....

Being Liberal

Even Fox News Isn’t Buying It: Trump’s Iran Claim Falls Apart On Air

Fox News chief national security correspondent Jennifer Griffin threw cold water Wednesday on President Donald Trump’s claim that he had successfully extended a ceasefire with Iran, reporting bluntly that Tehran never signed on in the first place, even as violence in the Strait of Hormuz continues to escalate.

CNBC

Japan's global defense business may be on the cusp of a big breakout

Experts say Japan will initially export arms in areas where it's already strong, such as air defense systems and naval platforms. Global military spending hit a record of $2.89 trillion in 2025, the 11th straight year of increase, according to SIPRI. Lack of industrial capacity and inexperience in exporting may...

Malcontent News

Moscow can't hide it anymore, Russia's economy is falling apart

The Big Story: Moscow can’t hide it anymore, Russia’s economy is finally falling apart. Dr. Robert Nigmatulin presented a grim assessment of the Russian economy at the Moscow Exchange Forum. He said Russians now have the lowest per capita salaries in Europe, and poverty in eastern Russia is worse than in the poorest regions of China.

Mediaite

Fox News’ Laura Ingraham Shares Post Saying Trump Is ‘On Verge of Making Massive Error’ With Potential China Deal

Fox News host Laura Ingraham lamented a report that President Donald Trump was considering making a deal with Chinese President Xi Jinping to allow China to build factories in the U.S. The post Fox News’ Laura Ingraham Shares Post Saying Trump Is ‘On Verge of Making Massive Error’ With Potential China Deal first appeared on Mediaite .

Wilderness Marksman

Satellite analysis shows Iranian airstrikes have damaged or destroyed at least 228 structures at US military sites since conflict started

Satellite imagery has brought into focus the real scope of Iranian strikes on American positions across the Middle East. You might recall early statements from officials suggesting the attacks caused only minor setbacks, but fresh analysis tells a different story. Independent review of high-resolution pictures shows far more widespread effects than first described, covering everything...

Thomas Smith

Massive FDA Eyedrop Recall Underway As Peoples' Vision May Be at Risk. Here's What to Know.

The U.S. Food and Drug Administration (FDA) has issued a massive alert regarding more than 3.1 million bottles of over-the-counter eye drops. The recall, initiated by California-based K.C. Pharmaceuticals, stems from a "lack of assurance of sterility," raising urgent concerns that the products could harbor bacteria or fungi.

USLife

He demanded to plug his AC into my generator during a blackout. I handed him an empty gas can instea

A summer storm knocked out our neighborhood's grid. I ran my small gas generator just to keep my refrigerator cold so our food wouldn't spoil. My neighbor walked over holding a thick orange extension cord. "Plug this in for my window AC unit," he demanded casually. "My house is boiling." "I'm conserving fuel," I declined politely. "I checked the LocalAll app, and gas is only $3.50 down the main road," he scoffed arrogantly. "Stop being so cheap." I smiled brightly at him. "That's great news!" I replied. I handed him an empty plastic jerrycan from my garage. "Since the gas is so cheap, you can walk the two miles to that station, buy the fuel yourself, and I'll let you plug in." He glared at me, completely trapped by his own logic, and walked back to his dark house.

CNBC

News Update – Market Close

CNBC brings you fast, accurate, and actionable business news and market updates.

USLife

She ran a cord to my outdoor outlet for her RV. My single click left her sweating in 90-degree heat.

During a massive summer heatwave, I noticed an industrial extension cord plugged into my patio outlet, snaking over the fence to my neighbor's luxury RV. I knocked on her door. "Oh, the LocalAll app says generator gas is too expensive right now," she waved me off. "I'm just using a little electricity to run my RV's roof air conditioner. Don't be unneighborly." She expected me to fund her luxury camping in my driveway! I didn't argue. I walked to my basement electrical panel and simply flipped the breaker switch for the patio outlet. Two hours later, I saw her stumble out of the metal RV, drenched in sweat and gasping for air in the 90-degree sun, realizing her free breeze had been permanently permanently shut off.

CNBC

In photos: Trump kicks off high-stakes summit with Xi

President Donald Trump was greeted by Chinese leader Xi Jinping in Beijing Thursday, kicking off a highly anticipated summit that will include discussions on Iran, Taiwan and artificial intelligence. Trump landed in Beijing on Wednesday evening local time and was greeted at the airport by China's Vice President Han Zheng,...

CNBC

Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes

Allegiant's acquisition of rival low-cost airline Sun Country closed on Wednesday. The airlines announced a $1.5 billion cash-and-stock agreement, including debt, in January. Allegiant CEO Greg Anderson, who will lead the combined company, told CNBC that the carrier has been even more prudent about capacity as fuel prices have spiked.

CNBC

Google says it likely thwarted effort by hacker group to use AI for 'mass exploitation event'

Google's Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day software vulnerabilities. The group said in a report that it had uncovered and likely thwarted an AI-developed attack. Anthropic delayed its Mythos model rollout due to cybersecurity concerns, but current models are...

Being Liberal

The Email That Has Washington Watching Ghislaine Maxwell Very Closely

A newly surfaced email from inside federal prison is raising fresh questions about what secrets Ghislaine Maxwell may actually be holding, and how far she might be willing to go to use them.