High interest rates hammer consumers seeking mortgage or car loans
(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost... Read More.
Business
‘A game changer’: Ford CEO touts new electric vehicle plant
(NEW YORK) -- United Nations Secretary-General Antonio Guterres said that the world is "on thin ice" and called for "climate action on all fronts"... Read More.
Gordon Moore, co-founder and former chairman of Intel, dies at 94
(NEW YORK) -- Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the... Read More.
Foot Locker announces plan to close 400 stores by 2026
(NEW YORK) -- Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced... Read More.
TikTok CEO Shou Zi Chew testimony updates: Company hopes to stave off possible ban
(WASHINGTON) -- A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on... Read More.
Dunkin’ adds breakfast tacos to morning menu in a sea of savory fast food competition
(NEW YORK) -- From the iconic Egg McMuffin at McDonald's to French Toast Sticks at Wendy's, the competition among fast food chains to serve... Read More.
Woman’s simple five-step method to save $1,000 a month on groceries
(NEW YORK) -- One woman who said her family was in debt and one step away from financial disaster made a change in her... Read More.
Former Trump official calls TikTok a ‘digital virus’
(NEW YORK) -- TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans' data. U.S. officials are reportedly demanding that Chinese owners... Read More.
Fed raises interest rates 0.25%, intensifying inflation fight despite banking fears
(WASHINGTON) -- The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank's fight against inflation despite concern that previous... Read More.
US banking system ‘sound and resilient,’ Fed Chair Jerome Powell says
(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system "strong and resilient," voicing confidence in the nation's financial system and... Read More.
Yellen says bank ‘situation is stabilizing,’ smaller banks play important role
(WASHINGTON) -- Treasury Secretary Janet Yellen said Tuesday that "the situation is stabilizing and the U.S. banking system remains sound," after regional bank failures... Read More.
The banking crisis threatens the Fed’s inflation fight. Here’s how.
(NEW YORK) -- The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, has thrust the financial system into distress, pulling... Read More.
