Europe wants to rebalance trade with Beijing, but can't quit Chinese air conditioners
PARIS, FRANCE - JUNE 24: Pedestrians use umbrellas to shield from the sun as record-breaking high temperatures continue in Paris on June 24, 2026 in Paris, France.
Li Yang | China News Service | Getty Images
Demand for riskier mortgages drops, as their advantages shrink
Homes in Daly City, California, US, on Tuesday, May 19, 2026.
Jason Henry | Bloomberg | Getty Images
Overall mortgage demand essentially flattened last week, as interest rates continue to hover in a narrow range. Borrowers are also pulling back from riskier loans, as they are offering smaller advantages.
Medicare will start covering obesity drugs for the first time. Here's what patients should know

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Millions of older Americans in Medicare are about to receive a benefit that has never existed before: coverage of obesity drugs.
Do you really, really love your job? Then you're not alone, according to surprising results from this survey
Lim Kok Thay, executive chairman of Genting Bhd, center, takes a ceremonial first dice roll alongside rapper Nasir "Nas" bin Olu Dara Jones, center right, and Donovan Richards Jr., Queens borough president, third right, at Resorts World New York City (RWNYC) casino in the Queens borough of New York, US, on Tuesday, April 28, 2026.
Do you really, really love your job? Then you're not alone, according to surprising results from this survey
Lim Kok Thay, executive chairman of Genting Bhd, center, takes a ceremonial first dice roll alongside rapper Nasir "Nas" bin Olu Dara Jones, center right, and Donovan Richards Jr., Queens borough president, third right, at Resorts World New York City (RWNYC) casino in the Queens borough of New York, US, on Tuesday, April 28, 2026.
Trump claims Iran deal is 'unconditional surrender,' says his power has 'no limits': Axios
U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian on June 15 in Évian-les-Bains, France.
Anna Moneymaker | Getty Images
Jim Cramer says next week's economic data will drive the markets

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CNBC's Jim Cramer on Thursday said a light earnings calendar next week will concentrate investors' focus on a handful of key reports and economic data releases.
Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman

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The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting to keep the benchmark level steady, but dropped several surprises that kept markets guessing about where things are heading. Markets didn't like it, with major averages swooning after the meeting and as Warsh spoke in his news conference.
Bank of England holds interest rates at 3.75% amid Iran war peace prospects
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025.
Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a ceremony in the East Room of the White House on May 22, 2026, in Washington.