New York Fed finds credit card and auto loan delinquencies remain elevated
New data from the Federal Reserve Bank of New York found that while overall delinquency rates improved for overall debt burdens, new delinquencies rose slightly...
Author : Robert B. Hambrick
200K magnetic ‘Goody King’ building block toys recalled over ingestion hazard that led to surgery for 2 kids
More than 200,000 magnetic building toys were recalled over an ingestion hazard after two children who swallowed magnets required surgery, according to federal regulators. About...
Meta taps skilled trades workers to power America’s AI infrastructure boom
Meta is partnering with North America’s Building Trades Unions (NABTU) to expand the pipeline of skilled workers needed to build and maintain America’s rapidly growing...
Mortgage rates fall for first time in 6 weeks
Mortgage rates fell for the first time in six weeks, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday,...
Costco brings back fan-favorite Kirkland treat after two-year absence
A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback....
New Social Security COLA estimates released after fresh inflation data
Social Security beneficiaries are still expected to see a larger cost-of-living adjustment (COLA) in 2027 than they did this year, though it has decreased as...
Slowing labor market creates new hurdle for first-time homebuyers facing affordability squeeze
The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation...
Bank of America unveils $250B initiative to modernize US infrastructure
Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation...
Fed’s Hammack says multiple rate hikes may be needed to tame inflation
Cleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to...
Nearly 30,000 pounds of raw beef recalled over missed import inspection
Nearly 30,000 pounds of imported raw beef from South America have been recalled in two states over the failure to reinspect the product after arriving...