Business
Metros in Virginia, Colorado and North Carolina with younger, more mobile populations stand to benefit the most as mortgage rates drift into the low 6% range, according to a new report from Realtor.com. The Federal Reserve announced the first interest rate cut of the year last week with policymakers lowering its…
Construction on a U.S. offshore wind project has resumed after a federal judge ruled that Denmark’s Orsted may move forward, even as the Trump administration’s broader legal effort to permanently block the project remains ongoing. The ruling, handed down on Monday, is a legal setback for President Donald Trump. Attorneys…
The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at…
Starbucks CEO Brian Niccol announced Thursday that the coffee giant will close underperforming stores in the U.S., cut 900 non-retail partner roles and freeze many open positions as part of its ongoing turnaround strategy. Niccol said in a letter to employees that during a review of Starbucks’ North America coffeehouse…
A man was arrested in connection with a cyberattack that disrupted operations at several European airports, the U.K.’s National Crime Agency said. The incident, first reported on Sept. 19, impacted flights at London’s Heathrow Airport and others over the weekend, according to the agency. The suspect was arrested in West Sussex,…
Controversy surrounded the 2023 Ryder Cup when Patrick Cantlay’s wardrobe sparked conversation about paying players at the tournament. Cantlay opted not to wear a hat during play on Saturday, claiming it did not fit well on him. However, speculation arose that it was a protest because he was not being…
New York City residents may soon face even higher costs in an already pricey housing market. The New York City Council will vote on a bill Thursday that would require a licensed master plumber, or someone working under one, to perform all residential building inspections and replacements of gas appliances…
Two U.S. senators are demanding answers from Match Group, which owns dating apps, including Tinder and Hinge, arguing its platforms’ algorithms foster trust that romance scammers can take advantage of. Senator Maggie Hassan, D-N.H., and Senator Marsha Blackburn, R-Tenn., sent a letter Wednesday to Match Group CEO Spencer Rascoff, calling…
President Donald Trump is expected to sign an executive order on Thursday confirming the TikTok deal complies with the law, allowing the social media platform to avoid a ban, a White House official told FOX Business. The White House said earlier this week that Trump would announce that a TikTok…
A Coldplay concert video took the internet by storm and triggered the resignation of two top executives at data company Astronomer. However, a source close to one of them is now speaking out that the controversy was misrepresented and that there was “no affair.” Former CEO Andy Byron, 51, and…