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Economy
Report finds US housing demand depressed as costs hit record highs
A new report on the U.S. housing sector finds that activity remains subdued through the…
Bessent names Fed 5 contenders for Powell’s job
U.S. Treasury Secretary Scott Bessent has whittled down his short list of candidates to replace…
MagSafe battery chargers recalled over injuries from power banks catching fire
More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of…
Delta Air Lines says higher fares will hold even if fuel costs drop
Delta Air Lines sees higher fares staying in place for consumers amid higher costs for…
Economist says inflation won’t hit 2% Federal Reserve target until 2028
American consumers hoping for a swift end to years of inflationary pressures are facing a…
California city weighs drive-thru ban after In-N-Out proposal sparks debate
A California city is weighing a ban on drive-throughs after some residents expressed concern that…
Kia recall covers 462K vehicles over seat motor fire risk after earlier fix failed
Kia is issuing a new recall of more than 460,000 vehicles over a fire risk…
Mortgage rates hold steady near 6.49% as housing affordability improves
Mortgage rates moved slightly higher this week but have remained relatively steady in recent weeks,…
PetSmart closing its only San Francisco store, citing online shopping
San Francisco pet owners are set to lose access to one of the pet care…
Costco app now links Visa card and membership card for fast checkout
Costco rolled out a new change to its payment system, allowing customers to use their…
AI boom drives 44 San Francisco luxury homes to sell $1M over asking
The artificial intelligence (AI) boom is causing a fierce bidding war for some luxury homes…
Fed Chair Warsh drops forward guidance at first FOMC policy meeting
Federal Reserve policymakers are increasingly concerned about inflation, and the uncertainty about the direction it…
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