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Mortgage rates fall for first time in 6 weeks
Mortgage rates fell for the first time in six weeks, 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 fell to 6.67% from last…
Ford’s US manufacturing expansion to bring ‘thousands and thousands of jobs,’ Lutnick says
Ford is preparing to expand U.S. production of Lincoln vehicles as the automaker moves toward ending imports from China for American customers, a move Commerce Secretary Howard Lutnick highlighted while discussing the Trump administration’s push to expand…
Flock Safety instituting new privacy measures in response to backlash
Flock Safety, the embattled AI-powered security camera operator, announced an overhaul to its privacy and security measures Thursday amid growing backlash from consumers and reports of law enforcement abuse. As public backlash to the company’s growing network…
Inside Ford’s 3-million-square-foot Louisville plant transformation
Ford Motor Co. is giving its Louisville Assembly Plant a massive makeover as it prepares to build a new electric truck in 2027. The automaker is investing $2 billion to transform the roughly 3-million-square-foot Kentucky factory from gas-powered vehicle…
Dallas emerges as magnet for wealthy buyers as high taxes weigh on luxury markets, broker says
Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global…
Costco brings back fan-favorite Kirkland treat after two-year absence
A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback. Costco has brought back its Kirkland Signature Semi-Sweet Chocolate Chips after removing…
Single Powerball ticket sold in Illinois wins $1.04 billion jackpot, eighth-largest in US history
A ticket sold in Illinois matched all six winning numbers in Wednesday’s Powerball drawing to claim the $1.040 billion jackpot. The grand prize has an estimated cash value of $450.5 million and ranks as the eighth-largest Powerball jackpot ever won, according…
Whole Foods recalls salsa, guacamole and prepared foods in 12 states over salmonella concerns
Whole Foods announced Wednesday that it is recalling certain produce and prepared foods containing fresh jalapeño peppers supplied by Coast Citrus Distributors over potential salmonella contamination. The Food and Drug Administration said the recalled…
McDonald’s serving up new kind of energy boost on menus nationwide
McDonald’s is moving into energy drinks, teaming with Red Bull as the fast-food giant expands its beverage lineup while working to drive more customers to its U.S. restaurants. Starting Aug. 17, participating McDonald’s restaurants nationwide will sell the…
Ford boosts US Lincoln production as it phases out imports from China
Ford Motor Company plans to expand U.S. production of Lincoln vehicles beginning in 2030 and eventually stop importing vehicles from China for the luxury brand’s American customers. The Dearborn, Michigan-based automaker said Wednesday that the expansion is…