Mortgage rates continued their upward climb this week, leaving demand essentially flat in the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.72% from last week’s reading of 6.54%. The average rate on a…

During his “My Take,” Thursday, “Varney & Co.” host Stuart Varney argued that President Biden’s repeated blunders and penchant for making news for all the wrong reasons could swing votes away from Vice President Kamala Harris and towards former President Donald Trump. STUART VARNEY: One of my colleagues here at…

American Express and the U.S. Chamber of Commerce Foundation are teaming up to provide funds for small businesses working to recover from Hurricanes Helene and Milton. The Small Business Hurricane Recovery Grant Program unveiled Thursday will dole out a total of $5 million worth of grants to small businesses hit…

An inflation gauge closely watched by Federal Reserve policymakers continued to slow in September as the pace of price growth trended closer to the Fed’s target in September. The Commerce Department reported Thursday that the personal consumption expenditures (PCE) index rose 0.2% in September and increased 2.1% year over year.…

Wall Street is becoming increasingly convinced former President Trump will emerge the victor from next week’s long-anticipated election. Trump Media & Technology Group (DJT) shares continue to surge, making a comeback from a low in September, but what other signs point to that conclusion?CFRA Research chief investment strategist Sam Stovall…

A regenerative farmer and restaurateur who closed several of her California eateries is now facing the possibility of shutting down her remaining two locations. Mollie Engelhart, owner of Sage Regenerative Kitchen, said despite her continuous attempts to keep her restaurants afloat, they are “barely hanging on by a thread.” “It doesn’t…

The Labor Department is scheduled to release its jobs report for October on Friday, which will be the last major economic data release ahead of Election Day and the Federal Reserve’s policy meeting next week. American voters and Fed policymakers will have the opportunity to analyze the state of play in…

Political deepfakes are becoming increasingly prevalent as the presidential election approaches, and they are deceiving more people, experts warn. According to a recent survey by computer security company McAfee, 63% of people said they have seen a political deepfake in the last 60 days. Nearly half of them (48%), said…

Dynarex Corporation has expanded the recall of baby powder “because they have the potential to be contaminated with asbestos,” a notice from the U.S. Food and Drug Administration (FDA) states.  The Monday expansion of the Sept. 19 initial recall includes 373 additional cases of Dynarex Baby Powder 14 ounces, item…

In a bid to rejuvenate traffic among its budget-conscious consumers, McDonald’s is expanding its value menu offerings. Part of this comeback strategy includes creating a “more holistic U.S. value platform” starting as soon as next year.  There has been weakness in the lower-income consumer for the better part of the…