Apple CEO Tim Cook says he is stepping down after 15 years as chief executive because three key factors aligned: Apple’s current performance, its product roadmap and the readiness of his successor, John Ternus. Cook said the timing came down to a clear internal assessment of the company’s position and…
Mortgage rates ticked slightly higher this week, 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 6.3%, up from 6.23% last week. The average rate on a 30-year loan was 6.76% at this…
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by the Bureau of Economic Analysis on Thursday showed that the national debt held by the public reached $31.27 trillion as…
U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of first-quarter GDP, which showed the economy grew at an annualized rate of 2% in…
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For the generation that should be in its “peak savings years,” the prospect of retiring on time has shifted from…
The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a…
A group of budget airlines is reportedly seeking financial assistance from the federal government that could convert to an equity…
United Airlines on Monday announced that it’s ending its pursuit of a potential merger with American Airlines after its rival…
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A new proposal would allow Social Security beneficiaries to continue working without having their benefits diminished, which could make it easier for retirees to pay off their mortgages or more easily handle other expenses like property tax burdens. The Senior Citizens’ Freedom to Work Act…
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You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears.If you’ve ever spotted a charge you didn’t recognize and done nothing about it, here’s what you missed, and what to do next time.Not every complaint about a charge is the same…
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs) or mutual funds. Both offer a simple way to build a diversified portfolio of stocks or bonds, and at their core, the two investment vehicles are very similar. But key…
Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested temporary sanctions relief for Iran has granted the country $14 billion during the war. During a fiery exchange at Wednesday’s Senate Appropriations Committee subcommittee hearing on the 2027 fiscal budget, Coons levied the charge at Bessent, noting…
Investors are flocking to actively managed exchange-traded funds (ETFs) and recently pushed the amount of assets in the investment class above a notable milestone. Actively managed ETFs surpassed $1 trillion in assets under management in the U.S., as investors look to find investment options that may outperform passive ETFs that…
Most people who delay investing aren’t doing so because they think putting their money into the markets is a bad idea. They’re stuck in front of a confusing smorgasbord of options, afraid to pile the wrong things on their plate and at least a little afraid of looking like they…
President Donald Trump on Tuesday said he wants to see someone purchase Spirit Airlines, with the low-cost carrier facing headwinds as it looks to exit bankruptcy. Trump was interviewed on CNBC’s “Squawk Box” and said, “I don’t mind mergers” and suggested that could help resolve the issues Spirit faces.”You know,…
The Justice Department is reportedly pursuing a criminal antitrust investigation of large meatpacking companies after President Donald Trump called for them to face a probe over the higher prices facing consumers. The Wall Street Journal reported, citing sources familiar with the matter, that while the DOJ indicated it was investigating…
Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…
As President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh is stepping back into the spotlight – and in the hot seat – as he faces lawmakers Tuesday in a high-stakes confirmation hearing that could shape the future of U.S. monetary policy. Trump announced Warsh to succeed Jerome…
Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…
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