Finance
Warsh gains investor trust as Bessent's bond strategy backfires
Wall Street's confidence in Kevin Warsh is rising while Scott Bessent faces criticism over bond market interventions and
Finance
30-Year Mortgage Rate Climbs Past 7% for First Time Since January
The average 30-year mortgage rate topped 7% for the first time since January 2025, reaching 7.03% amid Fed rate hikes an
Finance
Long-Term Treasury Yields Surge to 20-Year High Amid War and Debt Fears
The 30-year U.S. Treasury yield reached 5.45% on Thursday, a two-decade high, before easing. Rising debt, the Iran confl
Finance
Fed's Barr Signals More Rate Hikes Ahead as Inflation Persists
Federal Reserve Governor Michael Barr said more rate hikes are likely to bring inflation down to target, after the Fed r
Finance
Minneapolis Fed's Kashkari: Inflation Pressures Remain Widespread
Neel Kashkari warns inflation is 'still too high' in all sectors, echoing the Fed's recent quarter-point rate hike to co
Finance
Wendy's Franchisee With 314 Restaurants Files for Chapter 11 Bankruptcy
Meritage Hospitality Group, which runs 314 Wendy's locations across 15 states, has filed for Chapter 11 bankruptcy to re
Finance
Fed review: Supervisors missed SVB red flags despite warnings
A new review finds Fed supervisors knew or should have known about Silicon Valley Bank's vulnerabilities, blaming a risk
Finance
Buffett Steps Down as Berkshire Chairman, Hands Reins to Son
Warren Buffett has stepped down as Berkshire Hathaway's chairman, naming his son Howard as successor. He remains on the
Finance
Where $1.2M Retirement Savings Actually Lasts Longest
A new analysis reveals vast geographic differences in how long $1.2 million in retirement savings lasts, from age 111 in
Finance
Where $1.2M Retirement Savings Stretch the Farthest—and Shortest
A new state-by-state analysis reveals that $1.2M in retirement savings can last until age 111 in Oklahoma but only until
Finance
Forbes 400: Wealthiest American in Every State, From Musk to Buffett
Forbes' latest ranking of America's 400 richest shows a record $8 trillion in combined wealth. Elon Musk leads at $908 b
Finance
Target Accelerates Expansion With October Openings, Dozens More Planned
Target opens eight new stores in October, with more than 30 additional locations planned across 21 states. The retailer
Finance
Fed Rate Hike Odds Rise as Inflation Holds Steady Amid Iran Conflict
Fresh inflation data shows prices stuck above the Fed's target, making a rate hike next week increasingly likely even as
Finance
Mortgage Rates Hit 14-Month Peak as Treasury Yields Surge
The 30-year mortgage rate climbed to 6.76%, its highest in 14 months, as Treasury yields continue to rise. Existing home
Finance
Costco's Expansion Surge: 14 New Warehouses Set to Open by November
Costco is accelerating its expansion with 14 new warehouses slated to open by November, spanning the U.S. and Canada, as
Finance
August Jobs Surge to 162K, Easing Recession Fears Amid Fed Rate Debate
The U.S. added 162,000 jobs in August, far exceeding the 53,000 expected, with unemployment steady at 4.1%. The strong r
Finance
Singles Expect Partners to Earn Six Figures, Study Shows
A new study finds single Americans expect romantic partners to earn an average of $139,000 annually, with women expectin
Finance
Book Holiday Flights Now to Beat Price Surge, Expert Advises
As the holiday season approaches, travel experts recommend booking flights now to avoid price hikes and limited availabi