A partnership between Russia and Iran is allegedly deepening, according to the Pentagon. In a press conference on Thursday, Deputy Pentagon press secretary Sabrina Singh responded to a journalist’s question…
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Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down. On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year —…
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Walmart remains cautious about the financial health of its shoppers, but executives at the retail giant do not see a full-blown downturn on the horizon. In an interview with CNBC,…
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WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday. “There’s a big difference between…
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Consumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing. On a 12-month basis,…
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Business
Mortgage refinancing surges 35% in one week as interest rates hit lowest level in over a year
It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home loan surged 35%…
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Business
FTC bans fake online reviews, inflated social media influence; rule takes effect in October
The Federal Trade Commission on Wednesday voted unanimously to ban marketers from using fake reviews, like those generated with AI technology, and other misleading practices to promote their products and services. All five FTC…
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Trader Joe’s is recalling 653,000 scented candles because they pose an elevated fire hazard. In a release on the Consumer Product Safety Commission’s website posted Thursday, Trader Joe’s said the…
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United Airlines CEO Scott Kirby says he is optimistic about Boeing’s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat change of tune from the head of United, a top…
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A German military base near the western city of Cologne was temporarily closed on Wednesday as authorities investigated the possible sabotage of water supplies. The Cologne-Wahn barracks employs around 5,500…