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U.S. mortgage rates have surged to an average of 7.2% for a 30-year fixed loan, reaching their highest level since November 2025, according to Freddie Mac . This sharp increase from 6.8% the previous week follows stronge…
Tyson Foods announced on August 13 it will close beef processing plants in Joslin, Illinois, and Eagle Mountain, Utah, eliminating over 3,200 jobs as the U.S. faces its most severe cattle shortage in decades . The U.S. c…
Walmart said Thursday it has received substantially all of a $2.9 billion refund for tariffs imposed under the International Emergency Economic Powers Act and is directing the money toward lower prices and customer exper…
U.S. stock markets tumbled sharply on August 20, with the Dow Jones Industrial Average dropping 703.84 points (1.32%) to close at 52,759.21, as a renewed surge in long-term Treasury yields undermined investor confidence …
Walmart Inc. shares plummeted 9% on Thursday after the retailer reported its slowest U.S. comparable sales growth in six years, despite exceeding Wall Street's earnings expectations for the second quarter . The stock clo…
NEW YORK — US stock markets suffered their worst decline in three weeks as a resurgence in government bond yields, climbing crude oil prices, and mounting concerns over national debt erased recent market gains. The Dow J…
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities and towns by the end of 2026, a roughly sixfold increase from its current reach across 11 metro areas . The expansion, targe…
The United States Department of the Treasury announced a significant expansion of its government debt buyback program on Wednesday to stabilize the sovereign bond market after long-term yields spiked to two-decade highs.…
President Donald Trump announced a major expansion of United States economic warfare against Iran, threatening severe secondary sanctions against foreign nations and financial institutions that maintain trade ties with T…
Bitcoin briefly surged past $70,000 on August 19, 2026, touching its highest level since early June and triggering the largest wave of forced short closures since 2021. Approximately $2.7 billion in bearish crypto bets w…
Major international shipping companies, including FedEx, UPS, and DHL, have initiated the disbursement of tariff refunds directly to U.S. consumers and businesses. This financial return follows a landmark February 2026 S…
Moderna and Merck announced that their personalized mRNA cancer vaccine achieved its primary goal in a late-stage clinical trial. The study evaluated patients with high-risk melanoma who underwent complete surgical remov…
The Los Angeles Lakers are moving toward a second ownership change in a year, with Bob Iger and Josh Kushner agreeing to acquire Mark Walter’s controlling interest at a record $12.5 billion valuation. The agreement, anno…
TikTok is reported to be cutting 75 jobs in Bellevue, Washington, in another restructuring affecting its U.S. e-commerce operations. The reported positions are connected to TikTok Shop and are expected to be eliminated O…
U.S. long-term Treasury yields hit their highest levels in years Tuesday before retreating Wednesday after the Treasury Department announced larger buybacks of longer-dated debt. The 30-year Treasury yield reached 5.327%…
The United States Securities and Exchange Commission has proposed Regulation Crypto Assets, a compliance framework creating specialized capital-raising pathways for digital tokens. Unveiled by SEC Chair Paul Atkins and C…
OpenAI reported second quarter financial results showing revenue of six point seven billion dollars for the period ending in June. Operating losses expanded to twelve point three billion dollars, up from nine point three…
AI chip startup Etched has doubled its valuation to $21 billion following a massive $700 million funding round led by quantitative trading giant Jane Street. Co-founded in 2022 by three Harvard dropouts in their early 20…
Shares of Weave Communications (NYSE: WEAV) surged over 31% in Tuesday trading sessions following the announcement of a definitive agreement to be acquired by tech-focused private equity firm Francisco Partners in an all…
Pacific Energy Concepts (PEC), an energy optimization company specializing in LED lighting, advanced controls, and Smart Motor retrofits for commercial and industrial buildings, significantly improved its sales and prosp…
The Walt Disney Company and its broadcasting subsidiary ABC filed a federal lawsuit against the Federal Communications Commission on Tuesday. The legal action challenges the regulatory agency's rare demand for an acceler…
Paramount Skydance asked a federal judge on Monday to require 12 states and the Writers Guild of America to post a $1.88 billion bond over litigation delaying its planned acquisition of Warner Bros. Discovery. Paramount …
U.S. Treasury yields surged on Tuesday as escalating U.S.-Iran tensions lifted oil prices and revived inflation concerns, pressuring global stocks. Reuters reported the 30-year Treasury yield rose 1.64 basis points to 5.…
The United States dollar hovered near multi-month lows against major global currencies as financial markets rapidly scaled back expectations for near-term Federal Reserve monetary tightening. Recent domestic economic rep…
U.S. stock markets retreated from record highs as a sharp surge in international oil prices reignited inflation concerns across Wall Street. The benchmark S&P 500 fell forty points, closing lower after touching record te…