Business

Grace Cary/Getty Images (NEW YORK) — Rising inflation has driven mortgage rates up, making it difficult for many Americans to find an affordable home. As a result, many potential buyers find themselves waiting for an interest rate cut to bring mortgage prices down. For more than a year, LaToya Trotter has worked closely with trusted […]

Andrew Harnik/Getty Images (WASHINGTON) — Borrowers eager for the Federal Reserve to abandon high interest rates could not have scripted a better four-word declaration than the one on Friday from Fed Chair Jerome Powell: “The time has come.” Powell indicated that the Fed would soon bring interest rates down from a 23-year high. The shift […]

The Rimac Nevera electric hypercar holds more than 20 performance records. — Rimac Group (NEW YORK) — Mate Rimac has a tall order: trying to convince drivers that electric supercars are superior to combustion vehicles. Rimac, the 36-year-old engineering savant from Croatia who started his namesake company 15 years ago, recently pulled the sheet of […]

Andrew Chin/Getty Images (NEW YORK) — Two major Canadian freight rail companies locked out thousands of workers on Thursday, shutting down cross-border shipping routes and risking serious damage for the U.S. economy, industry experts told ABC News. The rail lines carry everything from chemical inputs to auto parts, holding the potential to cause shortages for […]

A Hawaiian Airlines airplane takes off near an Alaska Airlines airplane at Los Angeles International Airport (LAX), Dec. 5, 2023, in Los Angeles. (Eric Thayer/Bloomberg via Getty Images) (NEW YORK) — Hawaiian Airlines and Alaska Airlines are one step closer to closing a $1.9 billion deal that would mark the largest consolidation of any U.S. […]

Anna Moneymaker/Getty Images (WASHINGTON) — Vice President Kamala Harris has unveiled a comprehensive agenda focused on cooling inflation, but many economists consider the fight against price increases to be nearly finished. Inflation stands below 3% for the first time since 2021, U.S. government data earlier this month showed. The Federal Reserve is widely expected to […]

Anna Barclay/Getty Images (NEW YORK) — Trump Media & Technology Group’s stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump to rival social media platform X. The company’s woes stretch back to the middle of last month. Since then, the […]

Jon Challicom/Getty Images (WASHINGTON) — On the road to the 2024 presidential election, Vice President Kamala Harris and former President Donald Trump’s views on electric vehicles (EVs) have offered two different visions of America’s automotive future. Harris has been vocally supportive of the administration’s push to expand access and manufacturing of EVs in the U.S., […]

Justin Sullivan/Getty Images (RALEIGH, N.C.) — When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up to $25,000 in down payment support for first-time homebuyers, according to a campaign official. The campaign is vowing that during its first term, the Harris-Walz […]

Packets of Pringles chips, manufactured by Kellanova, for sale at a supermarket in Palma de Mallorca, Spain, on Wednesday, Aug. 14, 2024. (Andrey Rudakov/Bloomberg via Getty Images) (NEW YORK) — As more consumers reach for generic labels to save on money groceries, M&M’s maker Mars is spending big bucks on a new acquisition to gain […]