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…

Attorneys representing the family of a 32-year-old man who died after riding on Epic Universe’s Stardust Racers roller coaster in Orlando, Florida, claim the incident was not “isolated,” and several other victims have reported similar injuries after participating in the same ride. Kevin Rodriguez Zavala died at a hospital on…

Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett’s Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after years of costly acquisitions. Shares of the U.S. oil and gas producer, however, fell more than 6% in morning trading.…

Investors have plowed more than $900 billion into U.S. exchange-traded funds so far this year. Investors are putting more money than ever into exchange-traded funds, and Washington just took a step that all but ensures the billions will keep flowing. U.S.-listed ETFs have taken in a net $917 billion through Sept.…

Elon Musk’s AI company, xAI, is expanding into video game development, seeking candidates with game design experience. On Thursday morning, Musk shared a post on X from the account @techdevnotes that read, “xAI is Hiring for Video Games,” with Musk responding, “True.”Musk signaled interest in game development last year, writing…

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 increased to 6.34% from last week’s reading of 6.3%. The average rate on a 30-year loan was 6.12% a year ago.…

Leading health insurers announced Wednesday that they will scale back their Medicare Advantage offerings next year as the health insurance industry braces for decreases in government reimbursement. The U.S. government has been cutting back payments on Medicare Advantage since 2024 to reduce spending. Medicare Advantage is a privately-run insurance program that serves…

Maxwell House is changing its name for the first time in its 133-year history. The brand, owned by Kraft Heinz, will temporarily be renamed “Maxwell Apartment,” a move it said it made “to meet the needs of today’s consumer.””In a time where value matters now more than ever, Americans seek…

Nearly one in five American homes listed for sale reportedly saw a price cut in September, as rising inventory shifted more power to buyers. The number of listings with price cuts reached 19.9%, unchanged from August but up modestly from last year. Homes priced between $350,000 and $500,000 saw the…

A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty over economic conditions and how financial markets will react. It’s unclear when lawmakers will reach a compromise that allows them to end the shutdown, but experts anticipate that financial markets will…