Business News
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Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide
The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season
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Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far
Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence
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Union Pacific argues for its $85B acquisition of Norfolk Southern in new railroad merger application
Union Pacific hopes a new application will be enough to persuade regulators that its $85 billion acquisition of Norfolk Southern would be good for the country
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Solar ranch in Tennessee aims to prove grazing cattle under the panels is a farmland win-win
A Tennessee solar developer is betting that cattle-grazing and solar panels can coexist — and benefit farmers as well as the electric grid
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Inflation hits 3% in Europe as Iran war spreads oil price shock
Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April
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The average rate on a 30-year mortgage rose to 6.3% this week, Freddie Mac says, ending a three-week slide
The average rate on a 30-year mortgage rose to 6.3% this week, Freddie Mac says, ending a three-week slide
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Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Vatican court deadline passes for prosecutors to deposit all evidence in financial trial
Vatican prosecutors have seemingly defied an appeals court order to turn over to the defense all the evidence gathered in the Vatican’s big financial trial
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Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve
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Money Happens: What to do when becoming a homeowner feels out of reach
Tyler Jones dreams of homeownership but finds it unattainable
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