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Browsing: Business

Business

Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh

Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, releas...

Business

Illinois governor JB Pritzker reportedly earned $1.43M from Las Vegas gambling winnings in 2024

Billionaire Illinois Gov. JB Pritzker and his wife reportedly took home almost $10.7 million of taxable income last year, including about $1.43 millio...

Business

Ikea raises prices as Trump's furniture tariffs hit retailer

Swedish retailer Ikea, known for its low-cost business model, is raising prices due to a new round of tariffs impacting the furniture business. Tolga...

Business

Southwest Airlines reveals redesigned cabin, new seats in shift to 'elevated' flying experience

Southwest Airlines is shaking up its famously simple no-frills model with a new aircraft design that promises a more "elevated" flying experience, wit...

Business

Trump admin plans IRS overhaul to probe left-leaning groups more easily, WSJ reports

The Trump administration is preparing to make changes to the IRS that would allow the agency to launch criminal investigations of left-leaning groups,...

Business

Nestle to cut 16,000 jobs as part of cost savings initiative

Nestle, the world’s largest packaged-food company, is trimming its workforce by 16,000 over the next two years as it seeks to "substantially" reduce c...

Business

A secret fleet of ‘ghost ships’ moving Russia’s oil could soon enter Trump’s crosshairs

Often unmarked and hidden from commercial tracking systems, a growing fleet of "ghost ships" is quietly delivering sanctioned Russian oil to ports in...

Business

Trader Joe's accused of copying Smucker's Uncrustables sandwiches

The J.M. Smucker Co. filed a federal lawsuit Monday accusing Trader Joe’s of copying its popular Uncrustables frozen sandwiches.Smucker filed the laws...

Business

Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day.Besse...

Business

Gas prices could drop below $3.00 mark nationwide as costs continue falling across America: reports

The average cost of gasoline nationwide is hovering near the $3 mark and could soon dip below it, some industry experts say.The national average stood...

Business

Chinese company launches autonomous flying taxi with 100-mile range

A pilotless taxi developed in China that can fly more than 100 miles on a single charge launched this week.EHang Holdings introduced the VT35 on Monda...

Business

REI to close three Northeast stores in 2026 as it adapts to shifting markets and customer needs: report

Outdoor retailer Recreational Equipment, Inc. (REI) reportedly plans to close three of its U.S. stores next year.The closures will affect REI location...