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Housing affordability deteriorates as prices, mortgage rates stay high

Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history.Prices in April rose 6.3%...

VW 2025 Jetta updated to boost sales

Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns.The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter,...

Delta One JFK lounge opens. Here’s what’s inside

The bar at the Delta One lounge at New York's John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Air Lines' most exclusive airport lounge opens this week to travelers flying on the right ticket.The Delta One lounge at the carrier's hub in John...

Delta, United compete to be America’s luxury airline

An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is to make sure his carrier stays on top.The airline's unit revenue, the amount it brings in for every...

Disney Pixar ‘Inside Out 2’ could top $1 billion at box office

In Disney and Pixar's "Inside Out 2," Riley's Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver...

Novo Nordisk to boost output of Wegovy, Ozempic with new NC facility

Novo Nordisk's new manufacturing facility in Clayton, North Carolina.Courtesy: Novo NordiskNovo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug...