Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac…
Category: Finance
Fed’s favored inflation gauge showed prices pulled back in June
The Federal Reserve’s preferred inflation gauge fell in June, as the pace of price growth pulled back…
New Boeing aircraft development hampered by backlog of existing orders, says CEO
Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible…
Airbus jet completes 24-hour flight in push for world’s longest commercial route
Airbus completed a test flight lasting more than 24 hours, a key step toward Qantas’ planned…
Million-dollar island home up for grabs for free — but there’s a 180-day catch
A million-dollar Nantucket home is being offered for free, but the new owner must be prepared…
Miami’s tallest new tower nears sellout as project sparks massive wealth migration for top executives
EXCLUSIVE: By next summer, Miami’s skyline will be shaped by a new architectural landmark, bringing a…
Jamie Dimon says he understands why people have grown ‘anti-rich’
JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting…
Ranking the ‘Magnificent Seven’ from most to least attractive, based on future cash flow
Since early June, Wall Street’s major stock indexes have all rallied to fresh record highs. While…
BMW North America CEO touts ‘long game’ in US as $1.7B South Carolina EV expansion takes shape
BMW is “here for the long game” in the U.S. as it completes a $1.7 billion…
Albertsons warns of softer grocery demand as consumers pull back
Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a…
Ford to use Apple Maps software in self-driving tech for new EV platform
Ford is planning to integrate Apple software into its next-generation fleet of electric vehicles, which will,…
Fidelity estimates retirees will spend $185,500 on healthcare and medical expenses in retirement
Fidelity Investments released its 25th annual estimate of retiree healthcare costs, which revealed a significant jump…
Fed Chair Kevin Warsh says central bank has ‘no tolerance’ for elevated inflation
Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no…
Tesla touts 380,000 unsupervised robotaxi miles with ‘zero notable incidents’
Tesla said Wednesday that its robotaxi fleet has logged more than 380,000 unsupervised miles across six…
Disney reportedly lays off hundreds of employees, Pixar hit hard despite blockbuster success
Disney laid off several hundred employees Tuesday morning across multiple divisions, with Pixar absorbing the largest…
Mavis Tire to acquire iconic auto-service chain in $700M deal
Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to…
Miami overtakes NYC in return-to-office race as companies expand South Florida footprint
While major metropolitan areas across the country continue to struggle with vacant office space, Florida’s pro-business…
Ford recalls nearly 388,000 vehicles over second-row seat injury hazard
Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase…
Top tobacco company to cut thousands of jobs
British American Tobacco is planning to cut about 20% of its workforce as it moves forward…