Home prices in the US climbed for the fifth consecutive month in June due to high demand, low supply, and increased mortgage rates, with the S&P Case-Shiller US National Composite home price index rising by 0.7% compared to May.
Disney is encouraging Spectrum cable subscribers to switch to its Hulu + Live TV streaming service amid a carriage dispute, offering them more control over their viewing.
Spectrum subscribers in the US have lost access to ESPN and other Disney-owned channels due to a carriage dispute with Charter Communications, posing concerns about missing out on upcoming NFL kickoff.
ERCOT has asked Texans to reduce electricity usage due to high demand and potential energy emergencies caused by low wind-power generation and high temperatures.
U.S. Commerce Secretary Gina Raimondo visits China to strengthen business ties, despite the Biden administration's efforts to restrict technology exports to China.
Amazon CEO Andy Jassy has warned employees that refusing to return to the office could result in being removed from the payroll, indicating a shift in the company's stance on remote work.
Dominion Energy has announced the sale of three natural gas distribution companies to Enbridge for $14 billion, with the proceeds expected to be used to retire debt, subject to regulatory approvals.
The launch of Huawei's new smartphone raises questions about global technology and control of the future, as the Chinese company unveils a smartphone powered by an advanced chip, potentially challenging US efforts to block China from acquiring cutting-edge computer chips.
New York City's new ordinance, Local Law 18, requires all short-term-rental hosts, including those on Airbnb, to be registered, live in the rental, be present during guests' stay, and host only two guests at a time, likely causing a significant decrease in the number of Airbnb listings.
The Dow Jones Industrial Average fell, while AI stock Microsoft jumped, oil stocks rose as Saudi Arabia and Russia extended production cuts, and several Warren Buffett stocks are near entry points.
China has banned Japanese seafood imports due to concerns over the release of treated water from the Fukushima nuclear plant, but the claim that it poses safety risks is not supported by science.
The U.S. Court of Appeals for the DC Circuit ruled that the SEC was unreasonable in denying Grayscale's permission to launch a Bitcoin ETF, potentially opening the door to a significant influx of capital into the crypto markets.
A Delta Air Lines flight to Spain had to turn back after a passenger experienced diarrhea throughout the cabin, resulting in an eight-hour delay.
The number of CDs nationwide paying 5.50% APY or higher has increased to 46, with the top rate being 6.00% APY for a 1-year term, while CD rates may not rise much higher due to the cooling economy.
US banking regulators plan to require regional banks with at least $100 billion in assets to issue debt in order to protect depositors in the event of further failures.
Crude oil prices reached their highest level of the year after Saudi Arabia and Russia agreed to cut output, raising concerns about gasoline prices for American consumers.
Conagra Brands is recalling over 245,000 pounds of frozen chicken strips due to potential contamination with pieces of plastic, with the affected products distributed across the United States.
Nvidia expects to see $16 billion in revenue this quarter, driven by strong demand for its data-center chips used in artificial intelligence applications.
Starbucks has unveiled its fall menu, featuring the Pumpkin Spice Latte and two new drinks, the Iced Apple Crisp Oatmilk Shaken Espresso and Iced Pumpkin Cream Chai Tea Latte, along with other seasonal favorites.
Wireless carrier T-Mobile is planning to lay off 5,000 employees, which is approximately 7% of its workforce, with the job cuts occurring over the next five weeks.
SoftBank Group is floating Arm in an IPO, but the chip designer's new business model and potential valuation of over $60 billion lack proof points, making it a risky gamble for investors.
Vodafone has partnered with Amazon's Project Kuiper to expand mobile connectivity in underserved areas of Europe and Africa using Kuiper's LEO satellites and WiFi routers, eliminating the need for expensive fiber networks or fixed wireless links.
Federal auto safety regulators are considering a recall of about 52 million airbag inflaters used by 12 major carmakers due to safety concerns and a risk of rupture, with 41 million manufactured by ARC Automotive and 11 million produced by Delphi Automotive Systems, following seven incidents resulting in injuries and one death in the United States.
A lawyer for Grayscale Investments has urged the SEC to approve the conversion of the company's bitcoin trust into a spot bitcoin exchange-traded fund (ETF) following a favorable court ruling, which could potentially boost mainstream acceptance of digital assets.
Zillow Home Loans is introducing a new program that allows eligible buyers to make a 1% down payment, with Zillow Home Loans covering an additional 2%, making the total down payment 3%.
The FDA has issued a warning regarding the recall of several eye drops due to bacterial and fungal contamination, emphasizing the potential for serious vision-threatening infections.
Mortgage rates for most types remained steady or experienced minimal changes, with the 30-year mortgage average dropping slightly, but still above its recent low, indicating that it's still a good idea to compare rates when seeking a mortgage.
Passengers were escorted off an Air Canada flight for refusing to sit in seats that were wet and covered in vomit residue, highlighting the airline's failure to properly clean the aircraft.
Atlassian co-CEO Scott Farquhar embraces a flexible work policy, coming into the office only once every few months and allowing employees to do the same, citing the focus on output rather than the location of work and the ability to manage cost-of-living pressures, in contrast to other tech CEOs who are pushing for employees to return to the office.
United Airlines requested a nationwide ground stop due to a systemwide technology issue, but the issue has been resolved and flights have resumed.
Apple has surprised many by endorsing California's right-to-repair bill, SB 244, after years of opposition, stating that it supports the bill's requirements for user safety and intellectual property, but with some stipulations.
Dutch beer manufacturer Heineken has announced that it is leaving the Russian market, selling its assets for a symbolic 1 euro, after initially promising to suspend its operations in Russia following the invasion of Ukraine.
Chinese state-owned banks are expected to lower interest rates on existing mortgages, with the quantum of the cut varying for different clients and cities, in an effort to revive the property sector and boost the country's economy.
Meta is discontinuing Facebook's News tab in the UK, France, and Germany, signaling a broader shift away from news content on the platform, although news organizations can still post links and users will still have access to news content.
Breeze Airways is offering a 50 percent discount on base fares for flights from Tampa until March 7, 2024, as part of their "Make It Happen" promotion.
Regulators have proposed new bank rules that would require lenders with $100 billion in assets to issue more long-term debt to absorb potential losses and prevent systemic worries and collapses.
Roz Brewer, the CEO of Walgreens, has stepped down from her position, leaving questions about the company's health care strategy and the pace of its transformation.
A Delta Air Lines flight to Barcelona was forced to turn around after a passenger had a medical issue that created a "biohazard" situation.
3M has agreed to pay a $6 billion settlement in response to lawsuits claiming that the company supplied faulty combat earplugs to the military, resulting in hearing loss, with $5 billion to be paid in cash and $1 billion in stock.
The U.S. Federal Deposit Insurance Corporation (FDIC) is looking for buyers for the $33 billion commercial real estate loan portfolio of failed bank Signature Bank, which consists mainly of multi-family properties in New York City.
The Dow Jones Industrial Average rose 0.6% after weak economic data suggested a decline in the job market and consumer confidence, while the Nasdaq led with a 1.6% gain.
Hundreds of cases of Victor Super Premium Dog Food have been recalled due to potential contamination with salmonella, posing a risk to both pets and humans.