Business News
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Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases
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Starbucks to shutter 250 stores in North America this week in 2nd wave of closings
Starbucks plans to close 250 North American stores later this week
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Chinese auto companies race ahead on EV technology, achieving 5-minute ultrafast charging
Major Chinese auto group Geely has unveiled new ultrafast EV charging technology that can recharge a battery from 10% to 70% in just 4.5 minutes
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ICE is wasting tens of millions of dollars on 'uninformed' detention projects, report finds
An investigation has found that U.S. Immigration and Customs Enforcement and other agencies have wasted tens of millions of dollars pursuing uninformed plans to increase detention capacity, and the total will likely rise due to ongoing mismanagement
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CNN and MS NOW journalists are now back at the White House, hours after federal judge orders Trump to lift ban
CNN and MS NOW journalists are now back at the White House, hours after federal judge orders Trump to lift ban
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The average rate on a 30-year home loan crests 7% after a steady ascent that began in mid-August
The average rate on a 30-year home loan crests 7% after a steady ascent that began in mid-August
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As the coding boom fades, computer science grads focus on AI skills in choppy job market
It's a difficult job market for new graduates, especially in fields like software development where artificial intelligence is shouldering more of the work
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New York sues prediction market Polymarket, calling it an unlicensed gambling operation
New York has sued the prediction market Polymarket
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Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare
Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security
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Xi says in visit with Trump that China will send 2 pandas to the zoo in Atlanta, calling them 'envoy of friendship'
Xi says in visit with Trump that China will send 2 pandas to the zoo in Atlanta, calling them 'envoy of friendship'
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