Mortgage rates jump again, sending homebuyers to the sidelines
The brisk jump in rates, along with a sharp increase in home prices, has been pushing potential homebuyers out of the market.
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Reports: Twitter to provide Musk with raw daily tweet data
Twitter plans to offer Elon Musk access to its “firehose” of raw data on hundreds of millions of daily tweets in an effort to push forward the Tesla billionaire’s agreed-to $44 billion acquisition, according to multiple news reports.
Worry about stagflation, a flashback to 1970s, begins to grow
Stagflation is the bitterest of pills: High inflation mixes with a weak job market to cause a toxic brew that punishes consumers and befuddles economists.
Moderna says updated COVID shot boosts omicron protection
COVID-19 vaccine makers are studying updated boosters that might be offered in the fall to better protect people against future coronavirus surges.
Former Muncie mayor leaves prison after bribery conviction
Dennis Tyler, Muncie’s mayor from 2012 through 2019, was released Thursday from the Federal Correctional Institution in Morgantown, West Virginia, with more than six months remaining on his one-year term.
Former Franklin College president sentenced to six years in prison
Thomas Minar, 58, pleaded no contest in March to one count of child enticement and three counts of possession of child pornography.
UPDATE: Simone Biles, others seek $1B-plus from FBI over Nassar
There’s no dispute that FBI agents in 2015 knew that sports doctor Larry Nassar was accused of molesting gymnasts, but they failed to act, leaving him free to continue to target young women and girls for more than a year.
U.S. solar companies weigh challenge to Biden’s pause on tariffs
Some domestic producers say President Biden’s actions would help China’s state-subsidized solar companies at the expense of U.S. manufacturers.
Treasury Secretary Yellen expects inflation to ‘remain high’
The Federal Reserve and Treasury Department have been increasingly blamed by legislators and the public for allowing inflation to reach record highs—notably an 8.3% leap in consumer prices over the past year.
Feds: Goodyear knew of defective RV tires as early as 2002
Goodyear wouldn’t recall the tires even as late as March of this year, despite investigators finding that their failure caused crashes that killed eight people and injured 69 others from 1998 through 2009.
FTC plans inquiry into pharmacy benefit manager practices
The consumer protection agency said Tuesday that that it will order the nation’s largest PBMs to provide a range of information and records detailing how they do business.
FDA advisers back Novavax COVID-19 shots as new option
Novavax shots are already used in Australia, Canada, parts of Europe and dozens of other countries. But U.S. clearance is a key hurdle for the Maryland-based company.
Facing huge inventory, Target cuts vendor orders, prices
Target is canceling orders from its suppliers, particularly in home and clothing, while slashing prices of goods in a bold move to clear out mounds of unwanted inventory ahead of the critical fall and holiday shopping seasons.
Kohl’s stock surges on buyout talks with Franchise Group
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
Amid crypto turmoil, senators propose sweeping oversight
Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures.
New York latest state to target Amazon’s use of productivity quotas
A report released in April by Strategic Organizing Center, a coalition of four labor unions, found Amazon employed 33% of all U.S. warehouse workers in 2021, but was responsible for 49% of all injuries in the industry.
Apple offers glimpse at upcoming changes to iPhone software
Apple on Monday provided a peek at upcoming tweaks to the software that powers more than 1 billion iPhones and rolled out two laptops that will be the first available with the next generation of a company-designed microprocessor.
Biden waives solar panel tariffs, seeks to boost U.S. production
White House officials said President Biden’s actions aim to increase domestic production of solar panel parts, building installation materials, high-efficiency heat pumps and other components like cells used for clean-energy generated fuels.
Bidding war for Spirit Airlines heats up ahead of vote
JetBlue said Monday that it will now provide a $350 million reverse break-up payable to Spirit if a deal between the two isn’t completed for antitrust reasons.
Musk threatens to walk away from Twitter deal
Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.