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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Consumer prices fell 0.1% in March, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). This is the first monthly drop since July 2022. Annual inflation increased 2.4% compared to a 2.8% increase registered in February. Core inflation, which excludes volatile energy and food…
The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump’s term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7%…
Vidya Plainfield – Growth Officer at TechSpeed Inc. We’re living in a moment of extreme volatility. Recent shifts in U.S. tariff policies have cast stock markets into disarray, triggered fears of inflation and impacted long-standing global trade alliances. The result is a deeply uncertain economic climate, one in which businesses…
How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight. That figure has gone down compared to the roughly half who tackled…
ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports. “There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News’ Bret Baier on “Special Report,” adding…
For many months, there has been a sense of surprise, sometimes bordering on incredulity, as people forged on even during economic turmoil and uncertainty. They worked, they spent, they paid down debt when pandemic relief funds came in. There’s been a general sense that things were improving, that the economy…
Several major banks and leaders are expanding their small business services, including: Fiserv, which is expecting revenue to double in the next 2 years for its small-merchant POS system, Clover; PayPal, which is growing its ecosystem of SMB services; and Mastercard, which launched 10 new small business programs over the…
Imagine you run a sports newsletter. Your beat is football. Your team is the New York Jets (apologies in advance). In the past, you might have set up a Google News Alert to monitor daily updates. It’s a useful tool—emailing you links to stories where your chosen keywords appear. But…
Treating ChatGPT like a fancy search engine under utilises its power. And yours too. You ask basic questions, get basic answers, then wonder why AI isn’t changing your life. You’re sitting on a goldmine and you don’t realise. What if you could turn ChatGPT into the business partner you know,…
The Small Business Administration (SBA) put new rules into effect on June 1 for getting government-backed small business loans. But one part of the new rules has gone largely unnoticed. Broadly speaking, the agency says the changes were made to make the loans safer for taxpayers. In 2024, the SBA’s…