Mortgage rates pulled back for the second straight week last week, and it was enough to get both current and potential homeowners on the phone with their lenders. Mortgage application volume rose 7.2% last week,…
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Business
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With a strike authorization vote underway, union leaders and UPS announced a tentative deal to add air conditioning to the package carrier’s iconic brown delivery vehicles for the first time. “The Teamsters and UPS agreed…
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The Federal Reserve said Wednesday it was keeping its key interest rate at about 5% — the first time it has kept the rate steady in more than a year. The reason for the hold:…
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Chocolate lovers are in for a bitter pill to swallow — prices of their favorite food are set to rise further on the back of elevated cocoa costs. Chocolate prices have risen by 14% in…
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With a strike authorization vote already underway, union leaders at UPS announced a tentative deal to add air conditioning to the package carrier’s iconic brown delivery vehicles for the first time ever. “The Teamsters and…
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Food delivery platform Grubhub laid off about 400 employees, or 15% of its corporate workforce, citing a need to maintain “competitiveness,” the company’s CEO said in a message to employees Monday. The company has struggled to capture…
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DETROIT — General Motors announced plans Monday to invest $632 million for production of its next-generation full-size pickup trucks at a plant in Indiana. The investment is the automaker’s third such announcement in the past week involving GM’s next-generation…
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New government data shows the annual rate of inflation dipped to the lowest level in about two years as of May. But that may be bittersweet news for Social Security beneficiaries, as they may receive a much…
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The latest inflation data for the month of May lands on Tuesday morning. Economists are forecasting an annual increase of 4%, down from 4.9% rate in April. On a monthly basis, forecasts point to a…
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Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex. Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is one of the top 400…