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Mortgage rates surge to highest level since 2023 as bond yields spike
Mortgage rates rose to the highest level since November 2023, 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 rose to 7.28% from…
Trump praises Boeing 737 MAX after jet survives dramatic plunge during attack
President Donald Trump praised Boeing and its 737 MAX after a FlyDubai jet survived a dramatic plunge during an apparent attempt to crash the Israel-bound aircraft with more than 170 people aboard. Trump congratulated the U.S. aerospace giant Thursday…
Mike Rowe warns US workforce facing ‘problem of the decade’
America’s skilled trades shortage has major employers sounding the alarm as companies face mounting demand for workers needed to build, maintain and power the country’s infrastructure. mikeroweWORKS Foundation CEO Mike Rowe joined FOX Business’ Stuart Varney…
Mark Ruffalo blasts Paramount-Warner Bros. merger after judge clears $110B Hollywood deal
Actor Mark Ruffalo blasted the outcome of the long-running fight over Paramount’s $110 billion acquisition of Warner Bros. Discovery after a federal judge cleared the Hollywood megadeal to move forward Wednesday. Ruffalo, who had been one of the most vocal…
Ford CEO sounds skilled-worker alarm as young technicians tout less debt, job security
America needs to invest in the people who “build things” or risk falling further behind global competitors, Ford CEO Jim Farley warned Wednesday. Speaking at Ford’s Accelerate event in Detroit, Farley said the U.S. has underinvested in the “essential economy”…
Recall of popular soft drink hits 77,000 cans after zero-sugar labels found on full-sugar soda
A Utah beverage company is recalling more than 77,000 cans of 7UP Tropical after some packages labeled as zero-sugar soda were found to contain the full-sugar version of the drink. Admiral Beverage Corporation initiated the voluntary recall on Aug. 20…
Private sector added 90,000 jobs in September, above expectations, ADP says
Companies in the private sector added 90,000 jobs in September, payroll processing firm ADP said in its latest report on Wednesday. The figure is above economists’ estimates of a gain of 70,000 jobs and up from the prior month’s revised 36,000 payrolls. “It’s…
Trade expert reveals what Trump-Xi $30B deal means as holiday season approaches
A trade policy expert said shoppers may be able to expect modest price relief as the holiday season approaches after President Donald Trump and Chinese President Xi Jinping struck a deal to reduce tariffs on $30 billion worth of non-sensitive goods, including…
Strong natural gas production, supplies could ease pressure on winter heating bills
Cold weather is approaching and the U.S. is projected to have record-setting production of natural gas and healthy storage levels to help protect the market against possible shifts in winter weather that could otherwise strain supply and squeeze consumers…
LARRY KUDLOW: In two weeks, Iran may come crashing down
Things happen when you least expect it. How about the dissolution of Iran? We know their currency is worthless. It’s now 2.5 million per dollar. This, according to the retired lieutenant general, Keith Kellogg, suggests a disaster on a par with the…