Business

Bloomberg Creative/Getty Images (NEW YORK) — Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal would mark a major shift from the longstanding norm of political independence at the Federal Reserve, which currently retains control […]

Berkah/Getty Images (NEW YORK) — Volatility overtook the stock market last week, amplifying worries about a possible recession and stoking panic among investors. By the end of the week, however, the markets had almost fully recovered. Days after suffering its worst trading day since 2022, the S&P 500 rallied for its best trading session dating […]

Carol Yepes/Getty Images (WASHINGTON) — In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on “headaches and hassles that waste Americans’ time and money.” Through the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC), the administration will ask […]

Andrew Harnik/Getty Images (NEW YORK) — This week, hours after Vice President Kamala Harris announced Minnesota Gov. Tim Walz as her running mate in the 2024 election, the website domain “HarrisWalz.com” sold for $15,000. It was a tidy profit for domain owner Jeremy Greene Eche, who bought it for around $9 in 2020. Eche is […]

Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates this week dropped to their lowest level in more than a year, delivering some long-sought relief for homebuyers. The average interest rate for a 30-year fixed mortgage stands at 6.47%, Freddie Mac said on Thursday. That figure marks a drop of more than a percentage point from […]

CosMc’s (NEW YORK) — CosMc’s, a new small-format beverage-led concept from McDonald’s, has officially opened in San Antonio, Texas. Starting Thursday, patrons in the Alamo City will be among the first to try the new “out-of-this-world beverage experience” from the McDonad’s universe. “The extraterrestrial experience will continue August 10-11 for the CosMc’s San Antonio official […]

Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images) (NEW YORK) — When customers walk in to shop at Costco Wholesale, they flash a membership card to an employee who typically gives a smile and a nod before they can […]

Adam J. Dewey/Anadolu via Getty Images (WASHINGTON) — The major party vice presidential nominees — Democrat Tim Walz and Republican JD Vance — sharply disagree on a range of issues. The differences in their personal finances are just as stark. Minnesota Gov. Tim Walz, a former teacher and member of the U.S. House of Representatives, […]

Stephen Maturen/Getty Images (Bloomington, Minn.) — Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, has enacted economic policies in the state on key issues like job creation and taxes. The track record, stretching back to 2018, indicates how he may approach such issues if granted the nation’s second-highest office. His positions could also help […]

Photo by Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Stock market gyrations this week came after a disappointing jobs report stoked concerns about an economic slowdown. The uncertainty drew heightened attention as the U.S. speeds toward this fall’s presidential election. However, the economy has been gradually cooling for months, alongside falling inflation. The U.S. […]