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Business

Mortgage rates jump as inflation fears, Iran war weigh

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, show...

Business

Stellantis unveils $70B turnaround strategy with 60 new models

Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and more efficient...

Business

Three major hospital systems accuse CVS of secretly siphoning hundreds of millions in drug savings

Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that allegedly siphoned hund...

Business

Cruise giants could owe $440M after Supreme Court rules they used property seized in Cuba revolution

The Supreme Court dealt a major blow Thursday to four major cruise lines accused of profiting from Cuban property seized during Fidel Castro’s communi...

Business

Sergey Brin spends $500K to fight tax targeting companies with high-paid executives

Google co-founder Sergey Brin is continuing his foray into California politics with a newly reported donation to a group fighting against a proposed t...

Business

Lockheed Martin CEO unveils AI-powered warfare tech built to stop drone swarms

A top U.S. defense contractor pulled back the curtain on next-generation AI-powered systems designed to hunt down and destroy swarms of enemy drones a...

Business

Walmart warns shoppers could face higher prices as fuel costs surge, tax refunds dry up

Hard-working Americans could soon face another blow at the checkout counter.Retail giant Walmart issued a warning Thursday after its Q1 earnings repor...

Business

Detroit bankruptcy case officially closes more than 13 years after historic filing

Detroit’s historic bankruptcy case — the largest municipal bankruptcy in U.S. history — has officially closed more than 13 years after the city first...

Business

GOP lawmaker unveils bill to codify a strategic bitcoin reserve

EXCLUSIVE: Rep. Nick Begich, R-Alaska, is unveiling the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve in an attempt...

Business

Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bans

In a stark warning to Washington policymakers, Nvidia CEO Jensen Huang revealed that U.S. technology export bans may be triggering unintended conseque...

Business

Leftist Seattle mayor admits Starbucks criticism 'caused more harm than good'

Seattle Mayor Katie Wilson is walking back earlier comments urging consumers to boycott Starbucks, as tensions grow over Seattle’s relationship with m...

Business

Trader Joe’s expands with 25 new stores across 14 states in massive growth push

Trader Joe’s is expanding its footprint with 25 new locations across 14 states, adding to its previously announced growth pipeline, the company said.T...