The mayor of Dallas is predicting an influx of financial firms relocating to the region from New York City if the Big Apple’s newly inaugurated mayor, Zohran Mamdani, pursues socialist policies in the nation’s leading financial hub. Dallas Mayor Eric Johnson told the New York Post in an exclusive interview that Mamdani’s…
Companies in the private sector added 41,000 jobs in December, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 47,000 jobs. The prior month’s payrolls number was revised to a loss of 29,000 from an initially reported loss of 32,000.”Small establishments recovered from…
A new outlook from Cox Automotive projects that new vehicle sales are expected to slow slightly in 2026 from last year, which surpassed expectations for the industry. Cox Automotive forecasted that the U.S. will see 15.8 million new vehicles sold in 2026, which represents a 2.4% decline from sales levels a…
The Trump administration’s arrest of Venezuelan leader Nicolás Maduro could lead to higher defense spending over the long-term as the U.S. takes a more active role in regional security, according to a research note from Bernstein. Maduro was taken into custody following a special operations raid over the weekend and is…
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Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms…
Ford Motor Company logged far more recalls in 2025 than any other automaker, according to federal safety data, eclipsing a…
Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted…
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The toppling of Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after…
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For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial decision-making wasn’t so complex. But today, investors are navigating inflation, volatile…
Elon Musk’s net worth is now doubling the next closest billionaire in the rankings of the world’s wealthiest people amid a surge in Tesla stock. The Forbes Real-Time Billionaires List showed that as of Thursday afternoon, Musk’s net worth is about $681 billion as the Tesla CEO and entrepreneur expanded his…
Mortgage rates ticked 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 decreased to 6.21% from last week’s reading of 6.22%. The average rate on a 30-year loan was 6.72% a year…
Labor Secretary Lori Chavez-DeRemer insisted the job market is strengthening despite new signs of economic softness, even as unemployment rose to its highest level since 2021. Chavez-DeRemer argued the uptick in unemployment is evidence that “more people are getting off the sidelines, and they’re looking for those jobs,” framing the…
Inflation remained elevated in November at a level well above the Federal Reserve’s target rate as policymakers weigh potential interest rate cuts next year. The Bureau of Labor Statistics said on Thursday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and…
Hyundai and Kia will overhaul security features in millions of vehicles as part of a sweeping multistate settlement accusing the companies of failing to install industry-standard anti-theft technology in many of their models. Under the agreement, the automakers must provide free zinc-reinforced ignition cylinder protectors to current eligible owners, add…
Billionaire Elon Musk on Wednesday said that while the Trump accounts that are set to launch next year are a nice gesture, he doesn’t think saving money will be necessary with “universal high income” set to prevail in the future. Musk replied to a post by investor Ray Dalio, who announced…
The exchange-traded fund industry is having a record year with assets already hitting over $1 trillion+ and active managers are driving a big part of that growth. “Third-quarter activity confirmed what we’ve seen building over the past several years: Active ETFs continue to drive innovation and flows,” wrote Dan Aronson,…
PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses. The company said Monday that it filed documents with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to launch PayPal Bank. PayPal said that the…
A voluntary recall has been issued for pints of a non-dairy frozen dessert over the potential presence of small stones and other hard objects, according to the Food and Drug Administration. Danone U.S. issued the recall on Monday for pints of its So Delicious Dairy Free Salted Caramel Cluster Non-Dairy…
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