Business

close video Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week’s reading of 6.95%.The…

Starbucks announced plans to close roughly 250 stores across North America this week, company COO Mike Grams revealed Thursday. “We have carefully reviewed our North America coffeehouse portfolio and identified locations where we do not believe we can consistently deliver the experience we want for customers and partners or where…