BlackRock CEO Larry Fink warned in his annual chairman’s letter that wealth inequality could worsen if more people don’t participate in financial markets to reap the benefits of investing. Fink said that the vast majority of wealth has flowed to people who own assets, as opposed to those who earned…

Mortgage rates spiked this week as the conflict in Iran continues to weigh on markets, 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 rose to 6.38% from last week’s reading of 6.22%. The average…

PORTLAND, Maine – Maine’s lobster industry is facing mounting pressure after a harsh winter reduced fishing activity, slowed catches and added to rising costs across the sector. The state, the largest lobster producer in the U.S., recorded its fourth consecutive annual decline in total catch, according to the Maine Department…

The U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency’s history amid surging fuel costs. The Wall Street Journal reported that the Post Service is planning an 8% surcharge beginning in April and that the agency currently plans to…

JPMorgan Chase CEO Jamie Dimon said on Tuesday that the U.S. is becoming more like Europe in terms of defense procurement, and it’s holding the country back. Dimon spoke at the Hill & Valley Forum, which is an annual meeting that brings together policymakers, defense leaders, tech builders and investors to…

The American dream is becoming increasingly difficult for many women who are leaving the U.S. workforce, as new data highlights ongoing pressures tied to caregiving costs. As the rising cost of childcare and eldercare outpaces wage growth, 455,000 women left the labor market between January and August 2025, according to…

American workers are feeling more pressure in their lives, with a greater share reporting that they feel they’re struggling than thriving in a new poll by Gallup. Gallup on Tuesday released fresh data for the firm’s Life Evaluation Index, which measured how people rate their current and expected future lives since…

The Fortnite craze might have reached its crescendo. Epic Games announced layoffs of 1,000 employees Tuesday, citing declining Fortnite engagement.”We’ve had challenges delivering consistent Fortnite magic with every season,” CEO Tim Sweeney admitted in a memo to staff. “Today we’re laying off over 1000 Epic employees,” the memo began. “I’m…

United Airlines is warning that airfares could rise up to 20% if the cost of jet fuel remains elevated for longer due to the spike in oil prices amid the war in Iran. United CEO Scott Kirby said in an interview on Bloomberg TV on Tuesday that the airline anticipates consumer…

BlackRock CEO Larry Fink said in his annual chairman’s letter that Trump Accounts could provide a “very significant” boost in jump-starting savings and investment by younger Americans. Fink noted that Americans are struggling to save money for emergencies in addition to funding retirement plans, and explained that early wealth-building accounts for…