Business

 Investors flocked to safer assets, including gold and out of U.S. stocks, after Israel launched attacks against Iran’s nuclear sites. All three of the major U.S. averages fell Friday, erasing weekly gains, with the Dow Jones Industrial Average off over 700 points or 1%, while the Nasdaq Composite and S&P 500 lost 1%. Selling accelerated late afternoon on reports Iran launched ballistic missiles at Israel, according to Fox News. The strikes, which began late […]

Frozen meal giant Conagra Brands, Inc. is trying to capture budget-conscious shoppers opting for convenient and healthier options by launching dozens of new frozen foods this month. The frozen food meals, including single-serve and multi-serve meals, vegetable side dishes, and gluten-free and plant-based meals, are slated to arrive in stores and e-commerce outlets in June as the company attempts to reverse back-to-back declines in reported and organic net sales. During its […]

Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, 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 6.84% from last week's reading of 6.85%.The average rate on a 30-year loan was 6.95% a year ago.THESE STATES WERE THE HOUSING MARKET MVPS, ACCORDING TO REALTOR.COM"Mortgage […]

Iran being set back on its heels by Israel means "nothing is off the table" for China and its military advances, according to one foreign policy expert."The Chinese… they're losing their proxy, Iran. Iran has been accomplishing China's foreign policy goals for quite some time. And China's Middle East policy is now in disarray," Gatestone Institute senior fellow Gordon Chang said on "Varney & Co." Friday."This is a point where […]

Anker Innovations is recalling more than 1.1 million power banks after some users reported fires and explosions. The company said a problem could potentially make the lithium-ion battery within some of its Anker PowerCore 10000 power banks overheat "leading to melting of plastic components, smoke, and fire hazards." The recall, announced Thursday, specifically applies to Anker PowerCore 10000 power banks bearing the model number "A1263" and certain serial numbers that were sold […]

President Donald Trump claimed his relationship with Elon Musk changed after he spoke about his plans to eliminate the electic vehicle mandate. While signing legislation to overturn California's electric vehicle mandate Thursday, Trump explained to members of the media he was surprised Musk, whom he referred to as a "friend," didn't bring up his concerns with Trump's plan to abolish the mandate. Trump said he was surprised Musk endorsed him given his […]

Oracle co-founder Larry Ellison added $26 billion to his net worth on Thursday.His already-massive personal fortune reached $243 billion on Thursday thanks to the $26 billion jump, according to Forbes. A rise in shares of Oracle, the tech company that Ellison co-founded 48 years ago, helped lift his net worth to a new level, the outlet reported.That was precipitated by Oracle releasing its fourth-quarter financial results on Tuesday.The company generated $15.9 billion in […]

President Donald Trump on Thursday signed legislation that terminates the state of California's electric vehicle (EV) mandate.The president signed a law repealing a waiver the Biden administration's Environmental Protection Agency (EPA) granted California to enforce its own emissions standard that would have required the minimum percentage of zero-emission cars to rise from 35% for the 2026 model year to 100% in 2035. Eleven other states signed on to California's EV mandate."This is […]

Mitsubishi Motors North America is recalling nearly 200,000 Outlander and Outlander plug-in hybrid electric SUVs because of faulty software that could make their rearview cameras malfunction. The automaker said in a National Highway Traffic Safety Administration (NHTSA) recall report that the infotainment system inside over 198,900 Outlanders from model years 2022-2024 and Outlander PHEV SUVs from model years 2023-2025 could "freeze or display a black screen."That could cause the rearview camera […]