Mortgage rates fall to 6.47%: Freddie Mac

Mortgage rates fell this week to the lowest level in more than a month, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.47% from last week’s reading of 6.52%. The average rate…

Report finds US housing demand depressed as costs hit record highs

A new report on the U.S. housing sector finds that activity remains subdued through the first part of the year as high costs suppress demand. The Joint Center for Housing Studies of Harvard University released its annual “State of the Nation’s Housing” report on Wednesday, which found that existing home…

Jeff Bezos predicts AI will create labor shortages, not replace workers

Amazon founder Jeff Bezos said that the rise of artificial intelligence (AI) won’t lead to the replacement of humans in the workforce and will instead create labor shortages. Bezos spoke at the VivaTech technology conference in Paris on Wednesday and offered an optimistic outlook on the impact of AI on…

Money

Featured Articles

Investing

More

Startups

More

Fintech

More

All News

SpaceX IPO raises B in largest public market debut in history

Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history. SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will…

Elon Musk becomes world’s first trillionaire following SpaceX IPO

Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO. The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s…

Kidisle coffeemaker recall affects 17,600 units sold on Amazon, Walmart

More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators. About 17,600 Kidisle-branded hot and iced coffee machines were affected by the recall, according to the U.S. Consumer Product Safety Commission.”The recalled coffeemakers(sic) can become clogged, causing hot liquid or…

ETFs vs mutual funds in 2026 and key differences investors should know

Investors have a growing list of exchange-traded funds (ETFs) and mutual funds that they can choose from as they consider ways to structure their investment portfolios, though there are important differences between the two types of funds. ETFs have grown rapidly as an investment category in recent years since they…

May 2026 CPI inflation: BLS report shows consumer prices rose last month

This story about the May 2026 CPI inflation report is developing and will be updated with more details. Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war’s impact on the energy market and across the economy.The Bureau of Labor Statistics (BLS)…

Social Security trust fund to run out by 2032, new report warns

The clock is ticking faster for American workers and seniors. The Social Security Administration’s newly released 2026 Trustees Report confirms that the federal retirement safety net is less than seven years away from fiscal depletion, as the Old-Age and Survivors Insurance (OASI) trust fund will completely exhaust its accumulated reserves…

Semiconductor ETF up 89% this year as chip industry eyes T revenue threshold

So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF is up 89% year to date. Given the intense interest – and investments – in AI, this makes sense. What’s driving the semiconductor boomSemiconductors…