Pending home sales drop to the lowest level on record in January

• Home sales drop sharply as prices hit an all-time high for January

  The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.
  
  CNBC - 6d

• Bitcoin drops to lowest price in 3 months

  Bitcoin has dropped to its lowest price in three months as the Trump administration embraces cryptocurrency. CBS MoneyWatch correspondent Kelly O'Grady reports.
  
  CBS News - 1d
• 

  Tesla starts 2025 with sharp drop in sales in Europe

  Sales down 45% in January for EV maker led by Elon Musk
  
  Financial Times - 2d

• Oil prices settle at lowest level of the year as tariff threat hurts demand outlook

  Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...
  
  MarketWatch - 1d

• Tesla shares falling as European sales drop. Is Musk to blame?

  Tesla's shares dropped by more than 9% as sales in at least five European countries disappoint. CBS News' Ramy Inocencio reports on the potential correlation to Elon Musk.
  
  CBS News - 1d
• 

  Walmart Racks Up Sales Record but Sees Slower Growth Ahead

  The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.
  
  The New York Times - Feb. 20

• Mortgage rates drop to lowest since mid-December, but demand still falls short

  Applications for a mortgage to purchase a home were flat for the week and 3% higher than the same week one year ago.
  
  CNBC - 23h

• Instacart suffers steepest drop on record after disappointing revenue, lackluster forecast

  Instacart shares plummeted 12%, their worst day on record, after missing on revenue and issuing lackluster guidance.
  
  CNBC - 21h
• 

  China's home prices to drop further, recovery not expected until 2026

  Yahoo News - 2d

More from CNBC

• Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China

  President Donald Trump said his proposed tariffs on Mexico and Canada will go into effect March 4, and that China will be charged an additional 10% tariff.
  
  CNBC - 2h

• Venu is done. Here's how Fox, Disney and WBD plan to go it alone in sports streaming

  Fox, Disney and Warner Bros. Discovery disbanded their efforts to launch Venu, a joint sports streaming service.
  
  CNBC - 35m

• Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening

  Initial filings for unemployment benefits hit their highest level of the year last week.
  
  CNBC - 1h

• Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units

  The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this month
  
  CNBC - 11m

• Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released

  Nvidia CEO Jensen Huang spoke with CNBC's Jon Fortt following the chipmaker's quarterly earnings report on Wednesday.
  
  CNBC - 3h

More in Business

• 

  US to raise tariffs on China and push ahead with Canada and Mexico levies

  Donald Trump says duties on biggest trading partners to take effect on March 4
  
  Financial Times - 3m

• Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units

  The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this month
  
  CNBC - 11m
• 

  Replies to Musk’s ‘5 Things’ Email to Federal Employees Turn Angry, Snarky, and Crude

  Public threats to fire workers are a great way not to get millions of staffers on your side, as thousands of scathing, sometimes X-rated responses show.
  
  Inc. - 14m

• Here are three bullish aspects of Nvidia's quarter that the sellers are missing

  Nvidia gave the bulls plenty to like Wednesday night.
  
  CNBC - 15m

• Here’s why the U.S. is not working to vaccinate birds against avian flu

  More than 160 million birds have been culled during the bird-flu outbreak that started in 2022. So why is the U.S. not vaccinating chickens?
  
  MarketWatch - 25m