Business

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week's reading of 6.46%. The average rate on a 30-year loan was 6.62% a year ago."The decrease in rates represents a positive development for […]

Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook.CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail business. Instead, Jassy said Amazon is preparing to rebuild the customer shopping experience from the ground up, even if it means […]

A small number of tankers are beginning to move through the Strait of Hormuz, United Refining CEO John Catsimatidis said Wednesday, signaling a tentative restart at the critical oil choke point."Right now, the ships are moving. Ten ships are scheduled to be moving in the next few hours," Catsimatidis, also the CEO of New York City grocery chain Gristedes, told "Varney & Co.," citing what he said was information from […]

Masters season is here, which means, as the season changes, golf fever is reaching its peak in the calendar.However, there are not many worse feelings than booking a tee time and then suddenly not being able to make it.The green fees go to waste, and a day on the course is no more. However, Golf District is attempting to salvage at least one of those unfortunate circumstances.CLICK HERE FOR MORE […]

A Federal Reserve policymaker is warning that it could make sense to raise interest rates if inflation remains elevated above the Fed's 2% target amid uncertainty over the duration of the oil and gas price shock.Federal Reserve Bank of Cleveland Beth Hammack said in an interview with The Associated Press that she sees the central bank leaving the benchmark federal funds rate at its current level of 3.5% to 3.75% […]

A new economic iron curtain is falling across America as the "Boom Belt" — an 11-state powerhouse in the U.S. Southeast — shatters records and challenges the traditional financial dominance of New York and Chicago.Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott joined forces in Miami on Tuesday to celebrate a $9 trillion gross domestic product (GDP) region that is now outpacing every other quadrant of the country in […]

Ford Motor and other U.S. automakers have asked for relief from aluminum tariffs after fires at a major American factory created supply bottlenecks for vehicles, though the Trump administration so far has rejected the requests, according to a report.The Wall Street Journal first reported that Ford petitioned the Trump administration for assistance, citing people with knowledge of the conversations.The requests have come in recent weeks, according to the report, with the […]

JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with more hospitable business climates.Dimon released his annual letter to shareholders on Monday in conjunction with the firm's 2025 annual report and said that companies need to weigh the benefits of operating in places like New York City against areas with […]

As President Donald Trump's deadline for Iran to reopen the Strait of Hormuz looms, gas prices are continuing to climb nationwide as the conflict drives up crude oil costs.The Strait of Hormuz, a narrow waterway between Iran, the United Arab Emirates and Oman, is one of the world’s most critical energy choke points.Fuel costs are rising as Trump issued a profanity-laced warning to Iran, giving the regime until Tuesday, 8 […]