A Thursday report indicated that U.S. mortgage rates experienced their most significant increase since June, surpassing the 7% mark for the first time since December, which could complicate the growth of home sales. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage climbed to 7.10%

Billionaire financier and Mets owner Steve Cohen expressed his belief that a four-day work week could become the norm, a concept that influenced his 2023 investment in the golf startup league TGL. "I think I would have done the golf investment anyway, because I think there’s a longer-term

Minneapolis Fed President Neel Kashkari stated that the Federal Reserve should wait for more certainty regarding the decline in inflation before considering interest rate cuts, suggesting a possible delay in such actions until after 2024. When asked about the appropriateness of maintaining current interest rates this year in light of

Chinese hackers preparing to attack US infrastructure. During a speech at Vanderbilt University, FBI Director Wray revealed that a persistent Chinese hacking effort known as Volt Typhoon has successfully infiltrated numerous American companies in critical sectors such as telecommunications, energy, and water. This campaign targeted 23 pipeline operators specifically. Wray

This is bad news for potential homebuyers, especially those with lower wealth. Persistent high mortgage rates could exacerbate wealth inequality and suppress home sales for a decade or more, according to researchers in a recent working paper. High mortgage rates have significantly impacted home sales in the past year, as

Iran's nuclear doctrine may undergo a reassessment in response to threats from Israel, according to a senior Islamic Revolutionary Guard Corps commander. The commander's remarks come amidst anticipation of an Israeli retaliation for Iran's unprecedented drone and missile strike on April 13. While Iran

A congressional probe found that Wall Street used billions of dollars of American retirement savings to buy shares in index funds that included blacklisted Chinese firms. The investigation, carried out by a bipartisan House committee tasked with developing strategies for the U.S. to respond to China, focused on BlackRock,

Boeing, $BA, to bring flying cars to Asia by 2030, per Nikkei. Indeed, the vehicles are poised to enter a research and development phase, supported by new office openings in Japan. The company aims to leverage the potential demand for the vehicle in densely populated areas, offering a solution to

President Biden’s latest proposal for student loan cancellation is estimated to cost taxpayers $559 billion and primarily benefit households with annual incomes exceeding $300,000, according to a study by the University of Pennsylvania’s Penn Wharton Budget Model. The new plan includes several provisions that, along with the

Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023. According to Capital Economics, home prices may continue to rise this year, as the housing market is not as favorable for prospective buyers as it may seem. Despite a

The CEO of blockchain startup Ripple predicts that the cryptocurrency market's combined market capitalization will exceed $5 trillion this year. Brad Garlinghouse of Ripple told CNBC that he anticipates the entire crypto market's value to double, citing macro factors such as the launch of the first

Swelling US debt could tip US markets into crisis as soon as next year. Congress must act swiftly to curb the rapid growth of US debt, or 2025 could see market turbulence similar to the UK's 2022 financial crisis. Wharton professor Joao Gomes cautioned that failing to adjust

Pringles has teamed up with Crocs, $CROX, for an ankle holster for your potato chips. Pringles and Crocs have joined forces for a limited edition shoe collection, featuring some styles with a built-in snack can holder. Crocs announced a new shoe collection in collaboration with Pringles, the snack brand owned

Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated. Oil traders have invested heavily in options contracts, accumulating more than 3 million barrels' worth, betting that prices

The robotics company retired its hydraulic humanoid robot, Atlas, on Tuesday and introduced its new, fully electric Atlas in a video on Wednesday. "We're excited to demonstrate the capabilities of the world's most dynamic humanoid robot—in the lab, in the factory, and in our

An issue with the weight and balance calculation system for Alaska Airlines planes was resolved on Wednesday morning, leading to the U.S. Federal Aviation Administration (FAA) lifting a ground stop that had been put in place. The ground stop, affecting all Alaska Airlines and Horizon Air departures, was implemented

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose 'significant risks' for the global economy. The International Monetary Fund (IMF) stated in its benchmark Fiscal Monitor that it anticipates the US to record a fiscal deficit of 7.1 percent next

The federal government is raising capital gains taxes on wealthy individuals and companies to help fund billions in new spending on housing and other government priorities. The federal budget, released Tuesday, increases the inclusion rate on some capital gains. Businesses will now pay income tax on two-thirds of their capital

According to sources familiar with the matter cited by Bloomberg, Red Lobster is considering filing for Chapter 11 bankruptcy to renegotiate leases, address other long-term contracts, and manage rising labor costs. The report indicates that the seafood chain is receiving counsel from the law firm King & Spalding on this

Google employees across the country organized sit-ins at company headquarters, protesting Google's contract with the Israeli military and its alleged role in the Israel-Hamas conflict. Tech workers at both Amazon and Google have voiced opposition to Project Nimbus, a $1.2 billion contract between Google, Amazon, and the

March marked the 10th consecutive month globally to set a record for its respective warmest month. Europe's Copernicus Climate Change Service announced this milestone, confirming a recent preliminary finding. This development is significant as Copernicus is one of the most closely watched and respected sources of temperature data,

The increasing issue of a lack of mine projects is becoming more pronounced for copper. This, coupled with investments in green technologies and a global economic rebound, is expected to push prices to US$10,250/t (465c/lb) by the fourth quarter,” an 8% upgrade from their previous outlook,

The original cryptocurrency has surged over 60% since the beginning of the year, driven by optimism surrounding record demand for US exchange-traded funds that directly hold the tokens. Historically, Bitcoin prices have tended to increase in the months following its triennial halving event. "I think the ETF approval, which

FTX CEO John J. Ray III received $1,575 per hour last month for his oversight of the exchange's bankruptcy, as revealed in a court document filed on Thursday. During the period from March 1 to March 31, Ray worked 231 hours and received a total of $363,

80% of stocks held by Americans are held by those over the age of 55, up from 60% two decades ago, and an all time record. The proportion of equities held by individuals at or near retirement age (55+) has increased to approximately 80%, up from 60% two decades ago,