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Browsing: Business

Business

Mortgage rates hit 2025 low as homebuyers catch a break

Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac's la...

Business

Trump narrows Fed chair picks, January decision expected

Ahead of the New Year's holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current C...

Business

Duffy says California does not have extension on deadline to cancel foreign nationals' trucker licenses

Secretary of Transportation Sean Duffy said on Tuesday that the California Department of Motor Vehicles does not have an extension to the deadline for...

Business

Boeing secures $8.6B contract to build fighter jets for Israel's Air Force

Boeing was awarded a nearly $8.6 billion contract to build 25 new F-15A aircraft for the Israeli Air Force, according to the Pentagon.The contract was...

Business

Further rate cuts in question as Fed policymakers deeply divided over December cut, minutes show

Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a chal...

Business

Steak ’n Shake touts $2.50 ‘Patriot Milkshake’ to honor America's semiquincentennial

Steak ’n Shake is offering a $2.50 "Patriot Milkshake" throughout January, promoting the discount as an early nod to America’s 250th anniversary, acco...

Business

Elon Musk calls himself a 'maker,' slamming politicians like Bernie Sanders: 'They take'

Billionaire business tycoon Elon Musk described himself as a "maker" in a Tuesday post on X, while reasserting his claim that Sen. Bernie Sanders, I-V...

Business

IRS hands workers bigger tax break for business expenses in 2026

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) annou...

Business

Trump calls Fed chair Powell a 'fool,' threatens lawsuit over headquarters renovation

President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell of "gross incompetence" and threate...

Business

US fusion strategy stuck in past as China moves ahead, CEO warns

During the Cold War, the U.S. and the Soviet Union competed across nearly every arena, including space. The rivalry shifted dramatically on Oct. 4, 19...

Business

Luxury retail giant Saks weighs bankruptcy filing, report

Saks could be the next department store to seek relief in bankruptcy court amid growing liquidity challenges.Saks Global Enterprises, the parent corpo...

Business

Renting vs buying: What's the better option in the current economy?

Renting still offers significant monthly savings over buying in most of the country, but an economist says the long-standing affordability gap is grad...