Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns

The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.

3M fires executive over inappropriate conduct weeks after promotion

3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday.

Amazon to increase delivery speed while cutting costs

Amazon.com has overhauled its logistics network in an attempt to reduce how far packages have to travel in an attempt to speed deliveries.

Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Mother's Day at Cedar Creek Settlement Shops, mom and son team up

For Mother's Day, The Shops of Cedar Creek Settlement in Cedarburg was open and ready to serve. In place of pampering or breakfast in bed, two moms worked nonstop to ensure customers were happy.

Tesla owners sue, claiming software update killed EV battery life

Some Tesla owners have reportedly paid third parties as much as $750 to reverse battery-related software updates, the lawsuit claims.

Mortgage rates dip on positive inflation data: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Linda Yaccarino named new Twitter CEO

Musk said Twitter's new CEO “will focus primarily on business operations, while I focus on product design & new technology.”

McDonald's found liable for hot chicken nugget that burned child's leg

The jury heard two days of testimony and arguments about the 2019 episode that left the 4-year-old girl with a burned upper thigh.

Pilot Project brewing in Milwaukee; big plans as summer breaks

It has been a little more than six months since a Chicago brewing incubator took over a Milwaukee craft brewing mainstay, and the future is bright.

Elon Musk says Twitter has new CEO

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it’s now called.

Inflation ticks up again in April, puts interest rate hikes back on the table

The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).