A home for sale in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government’s monthly employment report. The rate is now 6.53%, according to Mortgage News Daily. That is 42 basis points higher than … Read more
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts … Read more
The check’s not in the mail. Tax filers who opted to get their IRS refunds sent to their homes said their checks never arrived and were allegedly stolen as part of a massive fraud costing millions of dollars, according to a report. More than 200 taxpayers who were expecting refund checks ranging from a few … Read more
MEXICO CITY — In her first days as Mexico’s new president, Claudia Sheinbaum made a point of distancing herself from the fossil fuel reliance promoted by her predecessor and mentor, Andrés Manuel López Obrador, and vowed to resume an energy transition that he halted. “We are going to boost renewable energies. The goal is that … Read more
Fox News recorded its second-highest-rated third quarter in its history, besting rivals ABC and CBS to dominate a whopping 91 consecutive quarters on top in primetime. According to ratings agency Nielsen, Fox News amassed 52% of total day viewers and 53% of the primetime audience in the third quarter — its highest share since early … Read more
A resurgence of hiring added a quarter-million jobs last month across the country and the unemployment rate dropped to 4.1%, according to new government data released Friday. The addition of 254,000 jobs in September was well above the average 203,000 monthly gains over the past year. It blew past analysts’ expectations and, after a slowing … Read more
BRUSSELS — European Union countries on Friday voted to impose duties on imports of electric vehicles from China, as talks continued between Brussels and Beijing to find an amicable solution to their trade dispute before an end-of-October deadline. Electric vehicles have become a major flash point in a broader trade dispute over the influence of … Read more
The chief operating officer of Truth Social’s parent company has resigned and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing The chief operating officer of Truth Social’s parent company has resigned and the company must hand over almost 800,000 … Read more
The economy added a whopping 254,000 jobs last month — blowing past forecasts that predicted a modest rise and diminishing Wall Street’s hopes of another big rate cut from the Federal Reserve next month. The Labor Department also reported that the unemployment rate fell to 4.1% — a decline from 4.2% in the previous month. … Read more
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Shares of Rivian Automotive dropped about 8% during premarket trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual … Read more