Business
President Donald Trump will host Finnish President Alexander Stubb at the White House on Thursday to sign a new icebreaker ship pact under which the Nordic nation will build four of the vessels, with seven more to be constructed in Texas and Louisiana. The Trump administration said the deal will…
Mortgage rates fell for the first time in three weeks 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 decreased to 6.3% from last week’s reading of 6.34%. The average rate on a…
The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA). The IRS’ announced changes primarily apply to tax year 2026.The standard deduction, claimed by the majority of taxpayers who don’t itemize their returns, will…
Silver surpassed $50 an ounce for the first time on Thursday amid a supply shortage and an economic environment that bolsters precious metals. Spot silver briefly rose above $51 an ounce during Thursday’s trading session after breaking the $50 an ounce threshold earlier in the day. It has since dipped…
Boston officials are reportedly weighing the concept of creating government-owned grocery stores to support residents struggling with the rising costs of food. City Council President Ruthzee Louijeune and Councilor Liz Breadon have requested a hearing to explore the idea — emphasizing it was not inspired by a similar proposal from…
PepsiCo’s Lay’s has become the latest in a series of household names that are redesigning their brand with a more modern edge. PepsiCo announced the “largest brand redesign in Lay’s nearly 100-year history” on Thursday on the heels of Domino’s revealing plans for its own rebranding attempt. But Lay’s isn’t just…
The largest grocery store chain in Florida is now allowing open carry of firearms in its hundreds of locations across the Sunshine State. Publix – which has 882 stores in Florida according to its website – began allowing the practice in recent weeks, according to local reports.”As of Sept. 25,…
Hyundai Motor America is recalling more than 135,000 vehicles that could short circuit during a crash, U.S. auto regulators warned. The B+ positive terminal cover on the starter motor in certain model year 2024-2025 Santa Fe vehicles might not be installed correctly, according to the National Highway Traffic Safety Administration…
JPMorgan Chase CEO Jamie Dimon warned in an interview that the stock market could be in line for a significant correction within the next few years amid heightened uncertainty. Dimon told the BBC that there is an elevated risk of a stock market correction in the next six months to two years,…
Traditional shopping malls, once bustling centers of commerce, are now being converted into mixed-use communities that incorporate residential housing, adding much-needed housing supply to the market. The move is far from solving the housing affordability crisis – a challenge that requires multiple systemic changes – but some industry experts say…