Pending home sales drop to a record low, even worse than during the financial crisis
Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.
Covid vaccine rates in the U.S. are slumping — and it will be a challenge to boost them
The one thing that experts, along with vaccine makers, can agree on is that low vaccination rates put people at risk of getting severe Covid infections.
Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
Ford expects $10 billion to $10.5 billion in adjusted earnings before interest and taxes and adjusted free cash flow of between $5 billion and $5.5 billion.
Meta’s latest threats report shows risk of Chinese influence campaigns ahead of elections
In its third-quarter report on adversarial threats, Meta highlighted the increasing disinformation efforts coming from Chinese campaigns
Elon Musk says he won’t vote for Biden over Trump
Elon Musk said Wednesday that he wouldn’t vote for President Joe Biden in the upcoming 2024 election.
Spirit Airlines offers buyouts to salaried employees to cut costs
Spirit is facing financial strain from weaker off-peak demand and Pratt & Whitney engine groundings.
Trump financial watchdog tells judge about $40 million in previously unreported transfers
The Trump Organization is under financial monitoring as part of a lawsuit by the New York Attorney General against Donald Trump, the firm, and two sons.
FTC Chair Lina Khan defends her track record when it comes to blocking mergers and doesn’t subscribe to Amazon Prime
Khan has taken big swings during her more than two-year tenure at the FTC, including filing a long-anticipated antitrust lawsuit against Amazon in September.
Salesforce shares jump on better-than-expected earnings report
Salesforce reported on Wednesday that revenue in the fiscal third quarter increased 11% while profit topped analysts’ estimates
UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
The UAW union is launching an unprecedented campaign to organize 13 non-union automakers after bargaining record contracts with the Detroit automakers.
