Tennessee CEO fled Helene while some workers who were ordered to stay later drowned, lawsuit alleges
The family of a man killed as a result of Hurricane Helene floodwaters in Tennessee has filed a wrongful...
Will Netflix raise prices again? Analysts think so
Whether Netflix plans to raise prices of its streaming subscriptions in the future has been raised yet again as its soon-to-be-released third-quarter results approach.Netflix subscribers in the U.S. have to pay a monthly fee of $6.99 for its ad-supported plan, while...
How the Biden-Harris administration threatens your retirement savings
Despite subsequent rallies, the steep stock-market declines in early August and following volatility highlight the damage that Biden-Harris administration policies are inflicting on U.S. markets with dire consequences for the retirement savings of Americans who are...
EXCLUSIVE NEWS
Biden rolls out $4.5B more in student loan handouts for over 60,000 public workers
The Biden-Harris administration on Thursday announced another round of student loan handouts, removing $4.5 billion in debt for more than 60,000 borrowers who work in public service.The Department of Education said in a news release the relief came about from...
California oil refinery announces closure after Newsom signs more regulations
The oil company Phillips 66 announced Wednesday that it is closing its Los Angeles-area refinery by the end of 2025, pointing to concerns about the future market. The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set...
Mortgage rates march higher for third straight week
Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year...
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ECONOMY
Retail sales show solid increase in September
Retail sales increased more than expected in September as the U.S. economy continued to show signs of growth in the third...
Equites starts to stand stronger
Though the impact of Equites’s untimely UK foray still lingers, it seems that most of the pain has been taken Though the impact...
How South Africa can avoid an oil slick
Conflict in the Middle East and expectations of a shallower Fed easing cycle could introduce some speed bumps but should not...
SA carmakers call for hybrid-car production incentives
BMW CEO says country needs to take smaller steps towards full EV future BMW CEO says country needs to take smaller steps...
BUSINESS
California lawmaker demands records from state commission that rejected SpaceX bid to launch more rockets
A California lawmaker is demanding answers from a state commission after it rejected a request from SpaceX to launch more...
PepsiCo adding more chips to bags following ‘shrinkflation’ complaints
PepsiCo says it is boosting the volume of some of its packages of chips, after being accused last year of "shrinkflation," or...
US governors ranked on fiscal policy — here are five best
The rankings are in for which U.S. governors have the best – and worst – records when it comes to fiscal responsibility.The Cato...
Elon Musk gives $75M to pro-Trump super PAC, hits road in Pennsylvania
Elon Musk donated $75 million to his super PAC supporting former President Trump, and is hitting the road in Pennsylvania to...
Stellantis recalls over 21,000 plug-in hybrid SUVs over potential brake pedal issue
Stellantis is recalling more than 21,000 hybrid crossover SUVs in the U.S. due to a potential issue with the brake pedal that's...
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Market
Mortgage rates march higher for third straight week
Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and...
Luxury king Bernard Arnault’s net worth takes multibillion-dollar hit after LVMH shares fall
LVMH CEO Bernard Arnault took another multibillion-dollar hit to his net worth this week, after the company reported its first...
Alabama woman arrested, son kicked off cruise ship after alleged assault on older passenger
An Alabama mother and son are accused of assaulting an elderly passenger on an MSC cruise ship before the son was booted off the...
Stuart Varney: Kamala Harris’ Fox News interview was ‘very revealing’
During his "My Take" on Thursday, "Varney & Co." host Stuart Varney reacted to Vice President Kamala Harris' first-ever Fox...
FINANCE
Inflation sees the lowest annual rise since 2021
The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in...
Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
The Social Security Administration on Thursday announced that the cost-of-living adjustment for 2025 will be 2.5%.Social...
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August continued to inch towards 2%, the target inflation rate the Federal Reserve has set,...
Private student loan interest rates fall for 5- and 10-year terms
During the week of Aug. 26, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher...