President Donald Trump on Wednesday announced plans to ban institutional investors from purchasing single-family homes in what he sees as a means of improving affordability for Americans. Trump wrote in a post on his Truth Social platform that, “For a very long time, buying and owning a home was considered the…
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…
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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 U.S. military operation to apprehend and remove Venezuelan leader Nicolás Maduro from power could put pressure on Cuba’s economy as the communist country reels from the loss of a key economic and security partner. Maduro was captured alongside his wife over the weekend after President…
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Federal Reserve Chair Jerome Powell warned that the housing sector’s struggles are likely to continue with interest rate cuts unlikely to move the needle significantly to address challenges with inventory and affordability. Powell spoke at a press conference Wednesday after Fed policymakers moved to cut the benchmark federal funds rate by 25…
West Palm Beach is no longer just a sun-soaked getaway for retirees and winter tourists — it’s rapidly becoming one of the country’s most sought-after business destinations. As tech firms, financial giants and fast-growing startups move in, top executives say the city’s lifestyle, tax climate and talent influx are rewriting…
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 6.22% from last week’s reading of 6.19%. The average rate on a 30-year loan was 6.6% a year…
Rivian Automotive announced Thursday that it has developed its first in-house chip to power next-generation self-driving technology in its electric vehicles (EVs). The company’s new in-house chip, called the Rivian Autonomy Processor, will improve the ability of Rivian vehicles to process data needed for more advanced levels of autonomous driving…
Disney has come to an agreement with OpenAI Ranch to license its famous characters for the Sora video program. The two companies made the announcement on Thursday, saying it is a 3-year license that covers 200 animated, masked and creature characters from Disney, Marvel, Pixar and Star Wars. The deal…
Federal Reserve policymakers cut interest rates for the third straight meeting on Wednesday while signaling there may be only one cut next year as rates get closer to a neutral level. The Fed lowered the benchmark federal funds rate by 25 basis points to a range of 3.5% to 3.75%,…
Cracker Barrel is taking heat from loyal diners who say food quality has slipped – from chilled biscuits to reheated sides – deepening frustration that accelerated after the company scrapped its old logo and removed the iconic Uncle Herschel before reversing course, leaving many convinced the real decline is on…
The Coca-Cola Company announced Wednesday that Henrique Braun will become its next CEO, effective March 31, 2026. Braun, the company’s executive vice president and chief operating officer, will succeed longtime CEO James Quincey, who will transition to executive chairman after nine years leading the beverage giant, according to an announcement…
The Federal Reserve on Wednesday announced its third interest rate cut of the year as policymakers moved forward with the cut to support the labor market despite elevated inflation. Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points to a new range of 3.5% to 3.75%.…
GoFundMe’s 2025 “Year in help” review found that its crowdfunding platform was increasingly used by Americans to fundraise for basic economic needs. “Monthly bills” was the second-fastest growing category on the platform behind “Charity.”The review found that the most common words in fundraiser descriptions this year were “work,” “food,” “bill,”…
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