GE Appliances on Thursday said it would spend $490 million to move the production of most of its washing machines from China to Kentucky. The operation will move to the company’s massive industrial Appliance Park headquarters in Louisville, Kentucky, where it already manufactures washers and dryers. At least 800 new…
The U.S. dollar sank to its lowest level in three years on Thursday following a report that President Donald Trump is planning to pick his nominee to serve as the next chair of the Federal Reserve early. The Wall Street Journal’s U.S. Dollar Index – which measures the dollar’s strength relative to…
Mortgage rates fell for the fourth consecutive week to the lowest level since early May, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.77% from last week’s reading of 6.81%.The…
The U.S. housing regulator directed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for single-family mortgage loan risk assessments. Federal Housing Finance Agency (FHFA) Director William Pulte said in a social media post on Wednesday that he ordered government-sponsored enterprises, which play a critical role in the…
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Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings…
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as…
Billionaire Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on America’s chronic spending, national debt nearing $37 trillion,…
When you hear the name Aflac, you, probably like me, hear the quacking duck from their commercials. Unfortunately, however the…
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Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster, said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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The Federal Reserve just met to discuss the possibility of interest rate cuts. This time around, the Fed decided to extend the rate pause, leaving rates in the 4.25% to 4.5% range. The decision came due to stable economic activity that’s expected to grow in the first quarter. Economists largely…
Everyone wants to grow on LinkedIn, nobody wants to waste their time. But LinkedIn success brings a hidden cost nobody talks about. Your inbox gets slammed. With every additional 100 followers, your DMs attract more people wanting “just 15 minutes” or sending you unsolicited voice notes, and suddenly everyone expects…
More savers are embracing the tax-advantaged accounts, and many will contribute leading up to tax day. Young savers are flocking to Roth IRAs. They are taking the advice of parents, workplace financial coaches and tax advisers, who have long preached the gospel of these accounts to save for retirement and even…
Anton Schneerson is a former CEO and advisor with over a decade in M&A, industrial transformation and complex global operations. “We’ve done it this way for a couple of decades.” That’s not an excuse. It’s a warning sign and a symptom of something deeper: When cultures prize consistency over agility,…
As Generation X continues getting closer to retirement, some have less than rosy views about their retirement prospects, according to a recently released nonprobability-based study from Fidelity Investments. Fidelity Investments found in the latest edition of its annual “State of Retirement Planning” study that 45% of Gen Xers — those between…
Trying to Get First Step Act Right In May, Bureau of Prisons (BOP) distributed a memorandum stating that inmates who have earned 365 days of First Step Act (FSA) credits for prerelease custody are not eligible for additional prerelease time under the Second Chance Act. Further, it stated that those…
In the current startup landscape, AI dominates headlines and investor interest, often overshadowing other technological innovations. But behind the hype of AI changing the world lie less-publicized technological niches that are also ripe for entrepreneurial exploration. Many of these areas aren’t overcrowded yet, making them attractive for founders looking to…
Small, everyday purchases like a meal from DoorDash are now able to be financed through eat now, pay later options — a practice that some experts deem “predatory.” “You’ve got to have enough sense to not follow the urge to finance a taco, okay? You have got to be an…
A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate…
Natalie Davis is CEO and Cofounder of United States of Care, an organization dedicated to making our health care system more equitable. For every new mother, the months after birth are full of worries. As a mother of four, I know just how scary the postpartum period can be. You’ve…
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