Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of 6.47% and 6.52% the week…

Days after the Mamdani-DSA socialist or communist victories in New York City, there was all manner of punditry speculation about a populist revolt, the breakdown of conventional political organizations, I guess in this case the Democratic party. Economic worries about affordability and probably other factors that undoubtedly have some merit.…

As anxiety mounts over the long-term solvency of the Social Security trust funds, a growing number of Americans are rushing to claim their benefits early out of fear that the program will run dry. However, personal finance expert Suze Orman warns that following this viral advice will lock retirees into…

The race to succeed America’s top banker is on. Sources inside JPMorgan Chase, the nation’s top bank, say the elevation of two senior executives Doug Petno and Troy Rohrbaugh as co-presidents of the company, sets up a long-awaited horse race to succeed the voluble Jamie Dimon, its CEO for the past two-plus decades and…

Buc-ee’s is fueling up for a larger national expansion, with 15 additional travel centers in the pipeline as the Texas-based chain pushes its empire farther beyond its home state. The company opened its first Arizona location on Monday in Goodyear, a suburb of Phoenix, marking Buc-ee’s first stop in the…

This is a developing story about the final reading of U.S. first-quarter GDP. Please check back for updates. The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department’s estimate.The Bureau of Economic Analysis (BEA) on Thursday released its final reading of first-quarter GDP,…

This story about the May PCE inflation report is developing and will be updated with further details. The Federal Reserve’s preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war.The Commerce Department on Thursday reported that the personal…

A recall has been issued for nearly 6,000 pounds of a frozen meatloaf and mashed potato product over an undeclared soy allergen, according to the Department of Agriculture’s Food Safety and Inspection Service (FSIS). North Dakota-based Power Plate Meals, LLC recalled about 5,795 pounds of its frozen Meatloaf with Garlic…

Elon Musk is no longer worth more than $1 trillion, less than two weeks after becoming the first person to reach the milestone. Musk’s net worth was valued at $946 billion as of Wednesday, according to the Bloomberg Billionaires Index. That is down from about $1.11 trillion less than 14…

So Mayor Zohran Mamdani and his socialists had a big night last night. And I believe the absolute worst part of those victories yesterday, was the sheer unity message of antisemitism, hatred, and bigotry aimed at Jewish people that animates and unites this Mamdani Socialist movement — and their hope…