The affordability of the U.S. housing market may not improve significantly over time for would-be homebuyers, with a new report suggesting that they shouldn’t wait in the hopes of affordability measures returning to their pre-2022 levels. Sarah Wolfe, a senior economist and strategist at Morgan Stanley, said in a report…

Microsoft CEO Satya Nadella issued a warning that the tech giants competing in the AI race need to ensure they advance the emerging tech in a way that’s palatable to the public. Nadella said in an interview with The Wall Street Journal that the handful of companies at the forefront…

California Gov. Gavin Newsom is blaming politics for a Department of Justice investigation into his and his wife Jennifer Siebel Newsom’s finances, but one critic says that explanation does little to address the conduct that drew federal scrutiny in the first place. “We don’t know whether these investigations are politically…

Alan Greenspan, former chair of the board of the governors of the Federal Reserve System, died on Monday, according to a statement from his wife Andrea Mitchell, which was reported by NBC News. ”Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s…

A fresh wave of Silicon Valley wealth could soon flow into South Florida. With OpenAI quietly filing for a confidential IPO alongside market debuts from aerospace giant SpaceX and AI rival Anthropic, billions of dollars in overnight liquidity are about to be unlocked for executives and middle management alike. But…

Costco has added a new frozen treat to its shelves from a brand customers have praised as “top tier.” Yasso Frozen Greek Yogurt Cups have been offered at select warehouse locations, according to the brand.The product was introduced late last month, the company announced, just in time as summer temperatures…

Happy Joe’s Pizza & Ice Cream is turning America’s 250th birthday into a summer-long celebration. The Davenport, Iowa-based restaurant chain — which has three company-owned restaurants, 35 domestic franchised locations and nine international locations in Egypt — is rolling out patriotic menu items, family block parties and sweepstakes tied to…

Chevrolet is giving its Silverado pickup a major update with new V8 engines, a redesigned exterior and more technology inside the cabin. The automaker on Tuesday introduced the next-generation 2027 Chevrolet Silverado 1500, calling it the “most powerful Silverado ever” and marking one of the pickup’s biggest updates in years. The…

Billionaire Citadel founder Ken Griffin is encouraging New York’s business leaders to take on socialist Mayor Zohran Mamdani, warning that the city’s future could be at risk if employers and investors stay quiet. “They need to find their voice and fight for their city,” Griffin said Thursday at a Manhattan…

A teething toy that has been sold on Amazon for years is being recalled after at least three reports of choking, according to the U.S. Consumer Product Safety Commission (CPSC). The GOPO TOYS Pull String Teething Toys “violate the mandatory standard for toys because the silicone strings are smaller and longer than…