Weekly mortgage demand drops to three-month low as rates begin climbing again
After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact...
Read more
Investing
American Eagle profit soars, but sales grow slower than expected
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak...
Read more
Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause
WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of...
Read more
Shaking seats and piped-in fog: How 4DX is carving out a niche moviegoing market
In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a...
Read more
Why it seems like everyone you know is going on a cruise
Lots of people will be getting their sea legs this summer. Ports have been packed with cruise ships over the...
Read more
Elon Musk’s AI startup now valued at $24 billion after fresh funding
Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as...
Read more
Why groceries are so expensive — and how consumers may start to see relief
High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store. “Grocery prices skyrocketed...
Read more
Boeing, NASA say Starliner astronaut launch will move forward despite spacecraft helium leak
Boeing and NASA are moving forward with the launch of the company’s Starliner capsule, set to carry U.S. astronauts for the...
Read more
The ‘absolute worst’ of times for car buying are over
Car shoppers should have an easier time finding good deals this Memorial Day weekend than last. Dealerships are sitting on...
Read more
It wasn’t the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster...
Read more
