GE Appliances moving washer production from China to Kentucky in 0M deal

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…

Mortgage rates fall to 6.77%: Freddie Mac

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…

FHFA tells Fannie Mae, Freddie Mac to consider crypto as mortgage asset

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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CareerBuilder + Monster files for Chapter 11 bankruptcy

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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March inflation drops to lowest point in more than 3 years

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…

Trump admin reports significant wage increase for blue-collar workers in 2025

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%…

Making Implementation Decisions Amid Uncertainty

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…

Americans more reactive about finances as planner numbers drop to 40%

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 discusses potential supply concerns due to Israel-Iran conflict

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…

Economic News Has Started Catching Up To Sentiment

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…

What’s Driving The Next Fintech Wave

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…

How To Build The Ultimate AI News Agent In 2025

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…

Stop Using ChatGPT Like Google. Start Using It Like Your Cofounder

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,…

SBA Loans Now Off Limits For Firms With Non-Citizen Managers

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…