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14h ago

Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand

Refinance volume, which is most sensitive to weekly interest rate moves, dropped 18% for the week and was 86% lower than during the same week a year ago.
Inside The Minority-Led Movement To Create An Inclusive City
Inside The Minority-Led Movement To Create An Inclusive City
1d ago

Elon Musk tells Twitter he'll go forward with acquisition if lawsuit stops

Twitter said its "intention" is to close the deal, which initially valued the company at $44 billion.
Tesla CEO Elon Musk Testifies In SolarCity Trial
Tesla CEO Elon Musk Testifies In SolarCity Trial
2d ago

Russian court fines TikTok for not deleting LGBTQ content

The fine comes as the Russian government has been stepping up efforts to enforce greater control over the internet and social media.
The TikTok booth at the Hangzhou International E-commerce Expo in Hangzhou, China, on Oct. 17, 2021.
The TikTok booth at the Hangzhou International E-commerce Expo in Hangzhou, China, on Oct. 17, 2021.
2d ago

Why Kim Kardashian was charged by the SEC

Kardashian paid over $1.2 million to the SEC after she promoted a cryptocurrency token called EthereumMax.
Kim Kardashian attends the Vanity Fair Oscar Party on March 27, 2022, in Beverly Hills, Calif.
Kim Kardashian attends the Vanity Fair Oscar Party on March 27, 2022, in Beverly Hills, Calif.
2d ago

Stocks surge to kick off October and a new quarter as bond yields tumble and Dow closes up 760 points

Wall Street is coming off a tough month, with the Dow and S&P 500 notching their biggest monthly losses since March 2020. 
Traders work on the floor of the New York Stock Exchange on Sept. 23, 2022, in New York.
Traders work on the floor of the New York Stock Exchange on Sept. 23, 2022, in New York.
2d ago

Judge agrees to delay Elizabeth Holmes’ sentencing over prosecutor misconduct concerns

A star witness visited the former Theranos executive over the summer saying the government had tried to make everyone "look bad."
Image: Elizabeth Holmes Theranos Court Hearing
Image: Elizabeth Holmes Theranos Court Hearing
3d ago

Kim Kardashian to pay $1.3M fine to settle SEC charges over crypto promo

The Securities and Exchange Commission said Kardashian failed to disclose she was paid $250,000 to publish an Instagram post about EMAX tokens.
Kim Kardashian.
Kim Kardashian.
4d ago

How inflation could impact the cost of rebuilding after Hurricane Ian

“If the hurricane had hit two months or three months earlier, it would have been so much worse than now,” one contractor said.
Image: Holly Nugyn walks out of her flooded neighborhood after Hurricane Ian passed by the area on Sept. 29, 2022, in Fort Myers, Fla.
Image: Holly Nugyn walks out of her flooded neighborhood after Hurricane Ian passed by the area on Sept. 29, 2022, in Fort Myers, Fla.
5d ago

Tesla’s humanoid robot waves but can’t walk, yet. Musk plans to make millions of them

Tesla’s push to design and build mass-market robots that would also be tested by working jobs in its factories sets it apart from other manufacturers that have experimented with humanoid robots.
Elon Musk presents the humanoid robot
Elon Musk presents the humanoid robot
5d ago

Here's how much more expensive the average home became over one year

The cost of U.S. homeownership has surged over the past year amid a push from the Federal Reserve to fight inflation.
A man walks his dog past a "for sale"
A man walks his dog past a "for sale"
5d ago

Resilient U.S. consumers spent more money in August, even as the Fed seeks to slow that down

It's a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials.
A shopper carries bags in San Francisco, on Sept. 29, 2022.
A shopper carries bags in San Francisco, on Sept. 29, 2022.