Business

These 5 cities are seeing big home price cuts

The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…

Chipotle rival Guzman y Gomez Mexican Kitchen closes all US restaurants

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…

Flight diverted after passenger reveals power bank charging in checked luggage

An international flight diverted to Rome this week after a passenger informed the crew that they had a power bank charging in their checked baggage, according to multiple reports. The London-based easyJet plane was flying from Hurghada, Egypt to London’s Luton Airport on Tuesday evening when the incident happened.”No one…

Hosting a Memorial Day cookout? Here’s how much it could cost

Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly…

Kevin Warsh sworn in as Federal Reserve chair

Kevin Warsh was sworn in as the new chair of the Federal Reserve by Supreme Court Justice Clarence Thomas in a ceremony at the White House on Friday. The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became…

Jamie Dimon tells NYC’s Mamdani to ‘grow and build’ or watch more jobs flee

JPMorgan Chase Chairman and CEO Jamie Dimon put New York City’s new progressive mayor, Zohran Mamdani, on notice, telling the self-described ideologue that city governance is about lower crime and economic survival, not empty “morality” slogans. Following a high-stakes face-to-face meeting, the Wall Street titan openly criticized far-left tax talking…