As restaurant chains pull back in California amid rising labor costs and the state’s $20 fast-food minimum wage, Freddy’s Frozen Custard & Steakburgers CEO Chris Dull is betting bigger on the Golden State, arguing it gets a “bad rap” as a place to do business. “I feel like California gets…

A $1 million home no longer guarantees luxury in much of the United States, as years of rising prices have pushed millions of properties into seven-figure territory.The number of owner-occupied U.S. homes worth at least $1 million climbed from about 1.5 million in 2005 to 6.9 million in 2024, according…

Police in South Korea are cracking down on an American pantry favorite: Trader Joe’s Everything but the Bagel seasoning. Authorities have begun blocking sales of the popular seasoning on an online secondhand marketplace after testing detected “narcotic substances” in the product, according to The Korea Herald.The Mapo Police Station in…

The Federal Aviation Administration (FAA) has ordered inspections of hundreds of Boeing 737 Max jets over possible cracking in the aircraft’s body, though Boeing said the issue has not been seen on the Max fleet. The airworthiness directive (AD) applies to certain Boeing 737 Max 8, Max 9 and Max…

Job cuts slowed in July as companies stepped up their hiring plans, while artificial intelligence (AI) continues to be cited as a leading reason for workforce reductions, new data shows. Companies announced 33,429 job cuts in July – a decrease of 27% from the 45,849 announced in June, and a…

Kentucky-based Louisville Ladder is recalling roughly 1.77 million attic stairway ladders after receiving reports that bolts can break while the products are being used, creating a potentially deadly fall hazard. The recall involves certain Louisville, Featherlite, Lite and Century attic stairway ladders equipped with gas struts, according to a notice…

It’s so interesting to me how these socialists who are taking over the Democratic party, are hiding behind the veil of affordability. They don’t want to tell you that their agenda is all about unaffordability, or in short wrecking the whole economy.  Think of this, they will tax all manner…

Housing affordability remains a concern for would-be homebuyers as the income needed to afford a typical U.S. home remains near historic highs and well above what most American households earn, though there are signs of improvement from a year ago. Home prices surged in 2022 and 2023 amid strong demand…

close video Mortgage rates rose this week, 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 climbed to 6.69% from last week’s reading of 6.66%. The average rate on a 30-year loan was 6.63% a…

Billionaire investor Bill Ackman warned that New York City’s rent freeze, tax policies and limits on development could worsen the city’s affordability crisis by discouraging construction and investment. In a wide-ranging interview with Fortune published Wednesday, the Pershing Square Capital Management founder argued that government policy is driving up housing…