News - 2024-12-19

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2024-12-19

Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.

Hotels, short-term rentals and event ticket-sellers must advertise the full price of their offerings under the rule, which is supposed to go into effect in the coming year. Here’s what to know.

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The money relates to legal costs for the inquiry into the wrongful conviction of sub-postmasters.

Micron's AI opportunity wasn't enough to offset investor concern over its weak outlook for the current quarter.

Computer scientist Craig Wright was given a suspended prison sentence for what was described as "legal nonsense."

But in her first interview since her podcast reached No. 1, she does share ideas about why the show has become a breakout hit.

The chipmaker expects more than $10 billion in foreign sales this year, but the Biden administration is advancing rules that could curb that growth.

(Bloomberg) -- Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalContract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since March, according to data released Thursday by the National Association o

Stocks are looking to bounce back from their worst day since the summer.

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The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.

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The retail giant said it expected its operations to be largely unaffected by the strike of some Teamsters union members.

Washington could be barreling towards yet another spending crisis, but the initial reaction from economic watchers was to downplay the prospect of a protracted shutdown.

Stocks are looking to bounce back from their worst day since the summer.

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The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. GDP growth has now topped 2% in eight of the last nine quarters.

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The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.

Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.

Stubborn inflation, tax rises and high interest rates makes it difficult for many to muster optimism, at least in the short term.

Millions of Americans are gearing up for Christmas, with many planning to spend time with loved ones and cook food. Christmas dinner and gingerbread ingredient will be costlier, according to Expana.

Voters are unimpressed with the Biden economy, but it has improved all year and should allow Trump to take office in January with a pleasant tailwind.

Fed Chair Powell tried to make sense of contradictory storylines and conflicting data, delivering a final watchword: caution.

Regular Ofwat has revealed how much water companies can raise their customers' bills by.

Tulip Siddiq is alleged to have helped her aunt, the former prime minister of Bangladesh, embezzle up to £4bn.

America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.

The water regulator has confirmed that average water bills will rise by 36% between 2025 and 2030.

How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.

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Wall Street is hoping Nike will take a step in the right direction under new CEO Elliott Hill.

Water bills to rise by £X a year on average in England and Wales over the next five years, regulator says

General Motors has gone from market leader to also-ran in the world’s largest car market, stymied by its own missteps and Chinese policies that favored its local rivals.