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Mortgage rates tick higher as geopolitical tensions mount23:40 The average rate on a 30-year fixed mortgage rose this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is up from last week s reading of 6.23%. Apple chief Tim Cook says it was the 'right time' to step down as CEO23:40 Apple CEO Tim Cook says three factors drove his decision to step down: the company s remarkable performance, its roadmap and the readiness of successor John Ternus. US national debt surpasses size of the economy for first time since World War II23:08 The U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March. Elon Musk says he was a 'fool' for funding OpenAI: report22:36 Elon Musk said he felt like a "fool" for backing OpenAI, accusing Sam Altman of abandoning the nonprofit s original mission in favor of a profit-driven model. US economic growth bounces back, as AI buildout and consumer spending fuel first quarter22:04 First quarter GDP grew at 2%, slightly below the expected 2.3%, as equipment investment in AI and computers along with consumer spending led growth. Trump signs order aiming to help expand access to retirement accounts21:32 President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans. Hertz, Uber team up to build robotaxi fleets in major mobility push21:00 Hertz teams with Uber to manage robotaxi fleets and driver operations, signaling a shift toward centrally managed transportation networks. Child safety risk sparks popular nasal spray recall, nearly 800K bottles impacted20:28 Bayer issued a recall of nearly 800,000 travel size Afrin nasal spray bottles after packaging found not to be child resistant, CPSC announced. US rakes in $3B in 90 days from Intel stock, Trump says17:49 President Donald Trump says the US has made over $30 billion from federal Intel stock holdings in 90 days after authorizing a government equity stake. FedEx, UPS pledge to refund customers after Supreme Court tariff decision15:09 FedEx and UPS plan to pass tariff refunds back to customers after a Supreme Court ruling struck down duties imposed under IEEPA. Fed's favored inflation gauge remained elevated in March15:09 The latest PCE inflation data was released by the Commerce Department which showed that inflation rose and remained elevated in March due in part to the Iran war s impact. Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy13:33 Business leaders warn NYC Mayor Zohran Mamdani s proposal to scale back a key tax credit could hurt small businesses and drive companies out of the city. Sticker Mule demands Google fix ‘mislabeled’ ads tying company to CEO’s New York political campaign12:29 Sticker Mule demands Google correct what it calls an error that labeled its commercial ads as paid for by the Constantino for Congress campaign. Credit expert warns borrowers about the 'American drain' as new mortgage scoring models take effect12:29 Credit repair expert Micah Smith says new VantageScore 4.0 mortgage rules let rent payments count, but warns late payments and high balances cut both ways. |
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