Business

Mortgage rates tick slightly higher but remain near 6.5%

Mortgage rates moved slightly higher this week but have remained relatively steady in recent weeks, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.49%, up from last week’s reading…

OpenAI unveils ChatGPT Work to automate workplace tasks as AI race intensifies

OpenAI on Thursday unveiled a new enterprise offering called ChatGPT Work, which is designed to leverage the popular chatbot to carry out and automate workplace tasks across a variety of applications and files. ChatGPT Work is powered by OpenAI’s most advanced artificial intelligence (AI) model, GPT-5.6, and is capable of…

Millions of prescription eye drops recalled nationwide over contamination concerns

More than 2.5 million bottles of a prescription steroid eye medication are being recalled nationwide after the Food and Drug Administration classified the action as a Class II recall over concerns about foreign material found in the product. Lupin Pharmaceuticals Inc. voluntarily recalled 2,530,182 bottles of prednisolone acetate ophthalmic suspension…

Trump turns NATO spending fight into win for US defense companies

President Donald Trump is returning from the annual NATO summit in Turkey having secured several deals involving allies investing in U.S. defense companies and moving to expand production in Europe. The White House on Thursday released a fact sheet outlining $3 billion in deals and joint ventures involving U.S. defense…