News
US mortgage rates reach 21-year high
U.S. mortgage rates rose this week to the highest level seen in 21 years. Data from Freddie Mac revealed the...
General Motors invests in low-cost EV batteries
Automaking giant General Motors is betting big on the future of electric vehicles by leading a $60 million investment round in low-cost...
US homebuilding increases in July
According to the U.S. Census Bureau, homebuilding across the United States increased 3.9% in July. The 1.452 million new homes constructed across the...
Aldi snaps up 400 Winn-Dixie and Harvey grocery chains
European supermarket giant Aldi is expanding its U.S. foothold with its purchase of 400 Winn-Dixie and Harvey locations. The move will...
Average 401(k) balance up 39% across the decade
The average American 401(k) balance has increased 39% over the past 10 years, Fidelity Investments reported Wednesday. According to Fidelity, people...
Broadcast and cable viewership falls to record low
Traditional cable and broadcast TV viewership fell below 50% in July, revealed Nielsen’s monthly streaming report. July’s 49.6% share marks...
Fitch considers downgrading dozens of US banks
Big three credit ratings agency Fitch Ratings Inc. may issue downgrades to dozens of U.S. banks, the agency warned Tuesday....
US government forewarns new regulations on data brokers
A new proposal from the U.S. Consumer Financial Protection Bureau is predicted to create a series of protections crafted to...
Retail spending surges in July
Spending at U.S. retailers rose sharply in July, the Commerce Department reported Tuesday. Retail sales were reportedly up .7% from...
PayPal appoints Alex Chriss as new CEO
Intuit executive Alex Chriss has been chosen as PayPal Holdings new CEO, PayPal announced Monday. The appointment ends PayPal’s monthslong...
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