Business

Why are mortgage rates increasing despite a rate cut from the Fed?

Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing costs. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage rose to 6.34%, up…

Trump’s Energy Department axes Biden-era projects, saving taxpayers .56B

The U.S. Department of Energy, under President Donald Trump, has terminated hundreds of Biden-era financial awards and projects related to green energy, estimated to save taxpayers billions of dollars. Trump’s DOE announced on Wednesday that it has ended 321 financial awards connected to 223 projects from offices including Clean Energy Demonstrations (OCED),…

General Mills to close pizza, pet food manufacturing plants in Missouri

General Mills said Wednesday it will close three Missouri manufacturing plants as part of an ongoing effort by the food giant to strengthen the competitiveness of its supply chain. The plants that will close include a pizza crust manufacturing plant in St. Charles, along with two facilities in Joplin that…

Apple takes down ICE tracking apps after pressure from Bondi DOJ

FIRST ON FOX: Apple dropped ICEBlock, a widely used tracking tool, from its App Store on Thursday after the Department of Justice raised concerns with the big tech giant that the app put law enforcement officers’ safety at risk. DOJ officials, at the direction of Attorney General Pam Bondi, asked Apple…

What is the significance of Trump’s effort to remove the Fed’s Lisa Cook?

President Donald Trump’s effort to remove a member of the Federal Reserve’s Board of Governors comes amid his push to reshape the composition of the central bank’s panel that makes interest rate decisions. Trump attempted to fire Fed Governor Lisa Cook for cause this summer, accusing her of mortgage fraud and marking…

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