Business News

(NEW YORK) -- Mortgage rates whipsawed in recent weeks as markets reacted to a flurry of policies from the Trump administration.It began with a major milestone. Mortgage rates earlier this month fell below 6% for the first time in nearly three years, according to a data released by Mortgage News Daily."The progress stems directly from President Trump's aggressive agenda to restore the American Dream of homeownership," the White House touted […]

Person shopping (Kinga Krzeminska/Getty Images) (NEW YORK) -- The U.S. economy expanded more than economists expected over a recent three-month period, recording robust growth despite concerns about sluggish hiring and cash-strappped shoppers, federal government data on Tuesday showed.The U.S. economy grew at an annualized rate of 4.3% in the third quarter in the government's initial estimate, marking an acceleration from 3.8% growth recorded in the previous quarter.A boost in consumer […]

Gold soared to a new record high on Monday, topping $5,000 per ounce for the first time ever as investors rushed toward the safe-haven asset amid geopolitical unrest.The latest uptick continued a blazing-hot stretch for gold. Over the past year, the price has climbed 83%, far outpacing a 14% jump in the S&P 500 during that period. In early trading on Monday, the price of gold stood at $5,077 per ounce.Silver prices also […]

(NEW YORK) -- Oil prices jumped about 3% after President Donald Trump this week threatened to blockade all sanctioned oil tankers traveling in and out of Venezuela.Venezuela, which has the largest known oil reserves in the world, exports hundreds of thousands of barrels of oil each day.The threatened blockade risks a reduction of global oil supply and an amplification of geopolitical uncertainty -- both of which could further push up […]

(WASHINGTON) -- An inflation report to be released on Thursday will offer a look at price increases for the first time in nearly two months, after the 43-day government shutdown impaired data collection.The fresh data is set to arrive amid an uptick of inflation over recent months that has coincided with a flurry of tariffs issued by President Donald Trump. Economists expect that acceleration of price increases to have continued […]

(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow Jones Industrial Average climbed 588 points, or 1.2%, while the S&P 500 jumped 1.1%. The tech-heavy Nasdaq increased 1.1%.U.S. stocks surged on Wednesday afternoon after Trump said he would retract his proposed […]

(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for U.S. ownership of Greenland during a speech at the World Economic Forum in Davos, Switzerland.The speech followed tariff threats issued by Trump days earlier against seven European Union countries, plus the U.K., […]

In this photo illustration a man holds a iPhone, that shows Netflix, Warner Bros and Paramount streaming apps on his phone screen on December 9, 2025 in Bristol, England. (Anna Barclay/Getty Images) (NEW YORK) -- The board at Warner Bros. Discovery Inc. said early on Wednesday that its members had unanimously recommended that shareholders reject Paramount Skydance’s bid for the company in favor of Netflix’s earlier bid."Following a careful evaluation […]

(NEW YORK) -- Stocks closed down significantly on Tuesday, deepening losses suffered at the outset of trading, after President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland.The Dow Jones Industrial Average closed down 870 points, or 1.7%, while the S&P 500 declined 2%. The tech-heavy Nasdaq dropped 2.3%.Those losses marked a dip from initial trading levels on Tuesday morning, when the Dow had […]