The U.S. housing market is trending in two different directions as a new report from Zillow finds that while demand for luxury homes is surging, starter home sales are softening with growing inventory. Zillow’s data defines starter homes as those in the 5th to 35th percentile of home values in…
Oil prices fell on Monday as markets embraced hopes for the de-escalation of the Iran war, despite uncertainty over the prospects for a Federal Reserve interest rate hike. President Donald Trump on Sunday signaled he was holding off on ordering fresh strikes against Iran and said he did so because…
Financial regulators in the Trump administration are proposing changes to a banking industry rule that critics say has been diverted from its original purpose to funneling funds from financial institutions to left-wing advocacy groups. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation on Friday…
The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes from Fed governors who would’ve preferred the central bank hike rates to help rein in stubbornly-high inflation, they explained on Friday. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy moves,…
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Visa on Tuesday announced plans to cut 7% of its workforce, or about 2,600 jobs, as the payment processor moves…
Airbus completed a test flight lasting more than 24 hours, a key step toward Qantas’ planned nonstop service linking Australia…
Johnson & Johnson (J&J) on Monday said it reached a settlement that it would pay an estimated $5.5 billion to…
Ford Motor Co. is pursuing what could be its biggest military contract in decades as it competes to build a…
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This story about the Federal Reserve’s July 2026 interest rate decision is breaking news. Please check back for updates. The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran.Fed policymakers voted 9-3…
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Mortgage rates rose again this week and reached the highest level in nearly a year, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.58% this week, up from 6.55% last week.This…
Fidelity Investments released its 25th annual estimate of retiree healthcare costs, which revealed a significant jump from a year ago as medical care and related expenses become more expensive. The report estimated that a 65-year-old who retires in 2026 can expect to spend an average of $185,500 on healthcare and…
Pulling in capital, talent and corporations at a historic clip, Florida is no longer just competing with rival states — it’s competing with global economies. New data from the Florida Chamber of Commerce shows the Sunshine State’s $1.8 trillion economy has climbed to No. 14 globally, according to the Florida…
Jaguar Land Rover is recalling more than 15,000 vehicles over an issue that could affect the rearview camera, which could limit the driver’s rear visibility while reversing, according to federal regulators. A total of 15,535 vehicles are potentially affected by the recall, covering 2021-2025 Land Rover Discovery models, the National…
Disney laid off several hundred employees Tuesday morning across multiple divisions, with Pixar absorbing the largest share of the cuts. At least 116 employees were laid off at Pixar’s Emeryville, California, headquarters, according to TheWrap, citing sources. Disney Entertainment Television, Disney Studios and ESPN were also affected by the latest…
Tesla said Wednesday that its robotaxi fleet has logged more than 380,000 unsupervised miles across six cities in two states without what the company described as a “notable” safety incident. Ashok Elluswamy, Tesla’s vice president of AI software, highlighted the fleet’s safety record during the electric vehicle maker’s second-quarter earnings…
Americans in the market for buying a new home are seeing the markets in some parts of the country turn in their favor after years of seller’s markets prevailing. Realtor.com on Tuesday released the second-quarter edition of its market clock report, which analyzes national and metro-level housing conditions based on…
More than 300,000 empty lots listed for sale could help reduce America’s housing shortage, according to new research from Zillow. The real estate company said 300,242 empty lots of five acres or fewer were listed for sale on Zillow in June, accounting for 17.4% of all for-sale listings.Building one home…
Google reportedly expanded its office presence in Miami this year after two of its co-founders purchased houses in South Florida. Alphabet, the parent company of Google, signed a lease expanding its existing 10,000-square-foot satellite office in Miami’s financial district by an additional 45,000 square feet, two people familiar with the…
ARK Invest CEO Cathie Wood is defending her fund’s stake in SpaceX, declaring the aerospace and satellite network pioneer could become the “most important company in global history” despite the stock’s recent slide and an upcoming $116 billion share unlock. During an interview on “Mornings with Maria” Wednesday, Wood explained…
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