U.S. News
30-year fixed mortgage rate jumps sharply Thursday to 7.45%
The 30-year fixed rate surged to 7.45%, the highest level since April 2024 as bonds sold off and yields rose.
Tesla poised to scale production of heavy-duty Semi trucks with opening of Nevada factory
Elon Musk’s automaker is set to open its first heavy-duty truck factory in Sparks, Nevada, as Tesla seeks to expand its reach.
Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed
Markets expect the central bank will take a firmer hand on inflation. It’s not that easy.
Senate to vote on ending Iran war as Americans face higher fuel costs from conflict
The vote comes weeks before the midterm elections, where President Donald Trump’s fellow Republicans are trying to retain their majorities in Congress.
Senate narrowly votes down resolution calling for end to Iran war
The vote came weeks before the midterm election, where President Donald Trump’s fellow Republicans are trying to retain their majorities in Congress.
The ‘Magnificent Seven’ is bucking the market trend. Why the jump in Treasury yields may be helping
The tech giants surged to all-time highs this week, a surprising show of strength given that the group has floundered for much of this year.
Analysis: Higher Treasury yields deliver a reality check on a hot, inflation-prone economy
Elevated Treasury yields will complicate both Federal Reserve policy and Treasury financing.
Philadelphia Fed’s Anna Paulson says ‘modest’ rate moves likely ahead to tame inflation
The policymaker said she and her colleagues may need to raise interest rates further to bring inflation back to target.
Darden Restaurants stock falls as Olive Garden reports slower growth
Olive Garden’s same-store sales growth has slowed in recent quarters.
Starbucks to shutter about 250 stores in latest round of cafe closures
Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround.
Trump, Xi to attend state dinner after White House meeting
Trump greeted China’s Xi at Joint Base Andrews, marking the U.S. president’s first time traveling to the facility to welcome a foreign leader.
Mark Zuckerberg debuts $1,299 Meta VR Glasses and Muse Charm pendant as part of AI agent push
At Meta Connect, CEO Mark Zuckerberg revealed new VR Glasses and the Muse Charm gadget for AI agents.
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