Business

Thomas Northcut/Getty Images (NEW YORK) — Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, marking a significant increase from 6.96% the week prior, the data showed. The Federal Reserve has put […]

Michael M. Santiago/Getty Images (NEW YORK) — Disgraced FTX founder Sam Bankman-Fried has had his bail revoked and he has been immediately remanded to custody of the U.S. Marshals. Judge Lewis A. Kaplan made the ruling to send Bankman-Fried to jail during a hearing Friday in U.S. District Court in New York City. Bankman-Fried’s attorneys […]

(SAN JOSE, Calif.) — Zoom, whose sales and cultural prominence soared when the pandemic forced millions of workers to stay home, said last week that it plans to bring employees back to the office. The San Jose, California-based company, which employs about 7,400 people, last week requested that all workers who live within 50 miles […]

Paras Griffin/Getty Images (NEW YORK) — Fearless Fund, a venture capitalist firm that invests in female entrepreneurs of color, is now the target of a lawsuit launched by a group founded by the man who led the fight to take down affirmative action in higher education. “When we set out to start we had one […]

Burger King (NEW YORK) — Chicken Caesar wraps are all over food TikTok and whether you’re on the social media video sharing app or not, a tasty chicken sandwich in portable, easy-to-eat wrap form is seemingly perfect for fast food. Burger King has re-entered the epic chicken sandwich chat with a new contender — BK […]

Anton Petrus/Getty Images (NEW YORK) — Consumer prices rose 3.2% last month compared to a year ago, marking an uptick that reverses some of the progress achieved in the monthslong fight to bring inflation down to normal levels, government data showed. The data, however, outperformed economist expectations of a larger increase. Inflation stands well below […]

Virgin Galactic02 crew members, Jon Goodwin, Keisha Schahaff and Anastasia Mayers. (Virgin Galactic) (NEW YORK) — Virgin Galactic is launching its first mission carrying paying customers on Thursday just weeks after the company’s first flight in June. Galactic 02 will launch from Spaceport America in New Mexico at 9:00 a.m. MST (11:00 a.m. EST), which […]

Anton Petrus/Getty Images (NEW YORK) — Inflation data to be released on Thursday will show whether a monthslong cooldown of price increases continued in July. The fresh data arrives roughly two weeks after the Federal Reserve raised its benchmark interest rate another quarter of a percentage point, reviving its aggressive inflation fight despite a slowdown […]

Brandon Bell/Getty Images (NEW YORK) — Drivers have enjoyed relief at the gas pump this summer compared with eye-popping prices a year ago, but an alarming trend has emerged in recent weeks: Prices are rising once again. Over the past month, the average price of a gallon of gas has jumped more than 8%, surpassing $3.80, […]

Cadillac (NEW YORK) — Cadillac’s newest Escalade sport utility vehicle is more brash, commanding and luxurious than the current model. It’s also electric. “The first word you get is ‘Wow,’” John Roth, vice president of Global Cadillac, told ABC News of the reaction to the Escalade IQ. “People say, ‘Boy, that’s an Escalade.’” Twelve cubic feet […]