Business

A 100-point drop in a credit score can be "absolutely catastrophic."It can also take years to recover from, according to LendingTree chief credit analyst Matt Schulz. The Federal Reserve Bank of New York reported last week that millions of student loan borrowers saw substantial declines in their credit standing because of missing a payment, hurting their chances of qualifying for new auto, mortgage and credit cards. Specifically, 2.2 million student loan borrowers, […]

Treasury Secretary Scott Bessent downplayed the impact of Moody's downgrading the U.S. government's credit rating in an interview on Sunday.Moody's Ratings on Friday downgraded the U.S. credit rating by one notch, from the highest tier Aaa to Aa1, citing concerns over the rising national debt and widening budget deficits. Bessent was asked about the downgrade in an appearance on NBC News' "Meet the Press" and said the downgrade was mainly in response to the […]

White House National Economic Council Director Kevin Hassett says an economic "liftoff" could be on the horizon – as the promise of trade deals, upcoming clarity on tax cuts and promising job numbers set the stage for a major turnaround. "There are going to be a lot of trade deals and there's going to be clarity on the tax cuts and then firms are going to lift off," he told FOX […]

Sean Connery's longtime home in Europe is looking for its new owner.The late "James Bond" actor's villa in the South of France has hit the real estate market for $26.4 million, and is listed with Savills.Featured in some scenes in the 1983 Bond film "Never Say Never Again," the home reportedly is still affectionately referred to as "Sean's place" or the "Bond Villa," by locals. Found at the edge of a […]

Walmart is going to absorb the cost of some tariffs, Treasury Secretary Scott Bessent said on Sunday after speaking with the company’s CEO in the wake of President Donald Trump’s warning that the retail giant should "eat the tariffs."Bessent detailed his conversation with Walmart CEO Doug McMillon during an appearance on CNN’s "State of the Union," when he was asked about Trump’s social media post warning the company against raising […]

FRANCE: After four decades of Denmark’s ban on nuclear power, the country is now considering reversing its anti-atomic stance. And that move may be part of a big change in how electricity gets generated in Europe. The Danes took note of the massive power outage last month that cut off electricity for the whole of Spain and neighboring Portugal plus some of southern France. The problem was that there was no […]

Costco is limiting the number of gold bars its members can purchase while gold prices continue rising."Limit of 1 transaction per membership, with a maximum of 2 units per 24 hours," Costco's website says, for two different 1 oz. gold bar products from Rand Refinery and PAMP Suisse Lady Fortuna Veriscan.Rand Refinery's bar sells for $3,249.99, while PAMP Suisse Lady Fortuna Veriscan's sells for $3,389.99. They are each 24-karat and […]

President Donald Trump is getting high marks for his diplomacy during his Middle East visit, but it’s his wheeling and dealing for Boeing and GE Aerospace that left investors cheering. Boeing shares tacked on 5.6% this week, while GE added nearly 8% after Qatar Airways announced an order of 210 widebody jets, the largest ever for America’s plane maker, valued at $96 billion, according to the White House. In an expanded deal […]

With Pope Leo XIV being the first American pontiff, it could draw more people in the U.S. back to church, according to Br. Frank Connor, a member of the Order of Saint Augustine, a mendicant religious order within the Catholic Church.Pope Leo XIV "being an American, first off, is historic. Then, being from Chicago specifically, I think it appeals to a lot of the people in the Midwest [and] in […]