The average long-term U.S. mortgage rate ticked back up this week, remaining a barrier for Americans trying to upgrade or buy their first home. The average rate on the benchmark 30-year home loan rose to 6.81% this week from 6.78% last week, which was the lowest level in a month,… Read More
Federal Reserve raises rates by 0.25%, the 11th hike in 17 months
The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession. The move lifted the Fed’s benchmark short-term rate from roughly… Read More
UPS reaches tentative deal with 340,000 workers, potentially dodging strike
UPS has reached a tentative contract agreement with its 340,000-person strong union, potentially averting a strike that threatened to disrupt logistics nationwide for businesses and households alike. The agreement was announced after UPS and the Teamsters came back to the negotiating table Tuesday to talk over remaining sticking points in… Read More
Mega Millions jackpot to reach $820 million for Tuesday night jackpot
Lottery players will have a shot at an estimated $820 million Mega Millions jackpot Tuesday night, less than a week after someone hit a Powerball prize that topped $1 billion. The huge Mega Millions jackpot is the eighth-largest U.S. lottery prize and follows a $1.08 billion prize won by a… Read More
Movie theater’s plan to charge more for good seats, less for the front row, falls flat
Movie theater operator AMC has ditched plans to charge more seats for seats with better sightlines after rival chains did not follow along. AMC began the pilot program five months ago in three U.S. markets where it said it charged slightly more for better seats, and less for those in… Read More
Elon Musk rebrands Twitter as ‘X’ on Monday
Elon Musk has unveiled a new black and white “X” logo to replace Twitter’s famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. Musk replaced his own Twitter icon with a white X on a black… Read More
‘Barbie’ and ‘Oppenheimer’ break box office records over the weekend
“ Barbenheimer ” didn’t just work – it spun box office gold. The social media-fueled fusion of Greta Gerwig’s “ Barbie ” and Christopher Nolan’s “ Oppenheimer ” brought moviegoers back to the theaters in record numbers this weekend, vastly outperforming projections and giving a glimmer of hope to the… Read More
This stock is no longer a best buy in A.I.
Would you invest in something that didn’t pay you back for a century? I wouldn’t. Every time I gamble on a hot stock that has run up, I’m late to the party and I lose money. That’s why I’m steering clear of Nvidia (NVDA) now. Its shares are trading for… Read More
NFL owners unanimously approve $6 billion sale of the Washington Commanders
NFL owners unanimously approved the sale of the Washington Commanders on Thursday from Dan Snyder to a group led by Josh Harris and including Magic Johnson for a record $6.05 billion, right before the league announced a $60 million fine for Snyder for improprieties corroborated by its investigation into workplace… Read More
Mega Millions still growing after California store sells winning Powerball ticket
Lottery dreamers are setting their sights on the growing Mega Millions jackpot drawing on Friday after a ticket worth more than $1 billion was sold for the Powerball lottery. Here’s a look at how this drawing compares to other jackpots and why these winnings have become so high. HOW DOES… Read More
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