Business

The U.S. targeted Iran’s "shadow fleet" and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s "access to the financial resources that fuel its destabilizing activities," Treasury Secretary Scott Bessent announced. The Treasury Department said it is "taking action against networks that have collectively transported and purchased billions of dollars’ worth of Iranian oil, some of which has benefited Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), […]

With their near-total reliance on Chinese imports, American fireworks companies have landed squarely in the crosshairs of President Donald Trump’s trade war with Beijing.China manufactures 99% of the fireworks enjoyed in backyards and about 90% of the professional-grade displays that dazzle the skies around the globe.The American fireworks industry warns that a 30% tariff imposed by the Trump administration on Chinese imports could fizzle preparations for the nation’s 250th birthday […]

Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week's reading of 6.77%.The average rate on a 30-year loan was 6.95% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO […]

Southwest Airlines is rolling out new technology in its Boeing 737 fleet in hopes of making takeoffs and landings safer.  "Traffic doubles every 15 years…it is really seconds from disaster…We have a very safe system, but we need new technologies to keep that safety level," explained Thea Feyereisen, Distinguished Technical Fellow with Honeywell Aerospace. That’s why Feyereisen and her team developed a new software called "SmartRunway SmartLanding," which is designed to help […]

The Ford Motor Company announced it is recalling over 200,000 vehicles because of a software malfunction that can cause rearview cameras to fail, increasing the risk of a crash and possibly injury.According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the vehicle manufacturer is recalling 200,061 vehicles, including certain 2018-2022 Transit Connect; 2019-2020 MKZ, Edge, Continental, F-150, Nautilus, and Fusion; 2019-2023 Ranger and Mustang; 2020-2021 […]

Fanatics Fest was bigger and better this year at the Javits Center in New York City, and those superfans who weren’t able to attend to see their favorite athletes and celebrities will still be able to get the full experience. ESPN, Fanatics and OBB Pictures are releasing "Fanatics Fest: All Access" July 7, which will take fans behind the scenes of the event that merges sports, entertainment and culture with some […]

House Republicans are trying to cobble together the votes to pass President Donald Trump’s "big, beautiful bill," and if they fail to do so, a broad swathe of Americans could feel the impact on their wallets.Fiscal hawks in the House Freedom Caucus are upset with the changes made to the bill by the Senate, which barely squeaked the mammoth legislative package through Tuesday morning with the aid of Vice President […]

A new report suggests that the Trump administration's tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases.A report by AlixPartners found that tariffs are influencing consumers who are trying to time their online shopping purchases to avoid the impact of tariffs, with a similar number of shoppers moving up and delaying purchases.AlixPartners' report found that 34% of consumers surveyed delayed purchases until they have more certainty […]

Amazon Prime members can save money fueling up their cars over the Fourth of July holiday weekend as part of an early deal ahead of Prime Day.Prime members can get $1 off the cost of each gallon of gas for up to 35 gallons during one stop at participating BP, Amoco or ampm gas stations between July 3 and July 6, according to Amazon. Amazon’s website said the early Prime Day […]