Mortgage rates inched lower 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 slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…
Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms. Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is…
A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday. Mean LLC, commonly known as Mean…
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large…
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Actress Sydney Sweeney rang the opening bell at the New York Stock Exchange (NYSE) on Monday alongside American Eagle Outfitters Chairman…
The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response…
Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production,…
Wall Street giant Citi on Thursday informed the company’s U.S.-based employees that the firm plans to match the federal government’s…
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The Wyoming Board of Land Commissioners voted 3–2 on Feb. 5 to begin canceling controversial wind leases tied to the Pronghorn and Sidewinder projects in the eastern part of the state. The Wyoming Tribune Eagle reported that the Pronghorn project involves state land in Converse…
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Mortgage rates ticked 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 increased to 6.11% from last week’s reading of 6.10%. The average rate on a 30-year loan was 6.89% a year…
A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store. Polymarket will be open for New Yorkers in Lower Manhattan…
U.S. employers’ announced job cuts surged in the month of January and hit the highest level since 2009, a new report shows. Global outplacement and executive coaching firm Challenger, Gray & Christmas found that employers announced 108,435 job cuts in January – an increase from the 49,795 cuts announced in the…
Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a brake light failure that could raise the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects 456,287 vehicles and an additional 2,871 tow-trailer modules, the NHTSA said in…
The federal agency that enforces U.S. workplace discrimination laws said Wednesday it is investigating Nike over allegations that its diversity initiatives unlawfully discriminated against White employees and job applicants, according to a court filing. Reuters reported that the Equal Employment Opportunity Commission (EEOC) said Nike has refused to comply with…
Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts’ estimates amid growth in advertising revenue from the company’s news networks and sports programming. The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and…
Companies in the private sector added just 22,000 jobs in January, payroll processing firm ADP said Wednesday. The figure is well below economists’ estimates of a gain of 48,000 jobs. The prior month’s payrolls number was revised lower to a gain of 37,000 from an initially reported gain of 41,000.”Job…
China has moved to ban one of the most iconic Tesla vehicle features in order to get a handle on vehicle safety. New safety regulations published by China’s Ministry of Industry and Information Technology state that cars sold in China will be required to have mechanical releases on their door…
Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence strains the nation’s energy infrastructure. The investment is expected to create more than 1,500 highly skilled jobs across manufacturing,…
Federal Reserve Governor Stephen Miran on Tuesday called for the central bank to make aggressive interest rate cuts this year. “I’m probably looking for a little bit more than a point of interest rate cuts over the course of the year,” Miran told FOX Business Network’s Maria Bartiromo on “Mornings…
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