Nov 23 Average long-term U.S. mortgage rate lowers to 6.58 percent By Alex Veiga, Associated Press The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers. Continue reading
Nov 23 U.S. to detain Dominican sugar import amid accusations of forced labor By Dánica Coto, Associated Press The U.S. government says it will detain all imports of sugar and related products made in the Dominican Republic by the country's largest sugar producer amid allegations that it uses forced labor. Continue reading
Nov 23 U.S. unemployment claims reach highest point since August, remain relatively low By Paul Wiseman, Associated Press The number of Americans applying for unemployment benefits rose to the highest level since August but still remained low by historic standards. Continue reading
Nov 22 Watch 5:40 How to cook Thanksgiving dinner on a budget with the high prices on staple foods By Stephanie Sy, Layla Quran Many Americans are preparing for Thanksgiving dinner, but food prices are high on everything from turkey to staples like butter and flour. Stephanie Sy recently spent a day in the San Diego area following one food blogger making her holiday… Continue watching
Nov 22 Looming rail strike would take a major toll on U.S. economy By Josh Funk, Associated Press American consumers and nearly every industry will be affected if freight trains grind to a halt next month. Continue reading
Nov 21 Elon Musk’s Twitter reinstates Rep. Marjorie Taylor Greene By Associated Press Elon Musk's Twitter has reinstated the personal account of far-right Rep. Marjorie Taylor Greene, who was banned in January for violating the platform's COVID misinformation policies at the time. Continue reading
Nov 18 Elizabeth Holmes gets more than 11 years in prison for Theranos scam By Michael Liedtke, Associated Press The sentence imposed by U.S. District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors but far tougher than the leniency her legal team sought for the mother of a year-old son with another child on… Continue reading
Nov 18 Here’s what you should know if you applied for student loan forgiveness By Cora Lewis, Associated Press President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. Continue reading
Nov 18 WATCH: Biden assured inflation help is coming but ‘will take time’ By Chris Megerian, Aamer Madhani, Associated Press He made the remarks while meeting with business and labor leaders in his first public event since returning from an around-the-world trip to Egypt, Cambodia and Indonesia. Continue reading
Nov 17 Federal Reserve official suggests substantial rate hikes may be needed By Christopher Rugaber, Associated Press The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis. Continue reading