Household debt hit record $17T last quarter as inflation squeezes Americans
New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.
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.
Today's mortgage rates begin to rise, but 15-year terms are still low | May 15, 2023
Check out the mortgage rates for May 15, 2023, which are trending up from Friday.
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.”
Today's best mortgage deal? 15-year terms at lowest rate since last week | May 12, 2023
Check out mortgage rates for May 12, 2023, which are trending down from yesterday.
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.
Adidas to sell Yeezy line, donate proceeds to charity following split with Kanye
Adidas CEO Bjørn Gulden said during the company's annual meeting in Germany that burning the goods is not a solution.
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).
Today's mortgage rates fall, keeping 15-year terms as the day's lowest | May 11, 2023
Check out the mortgage rates for May 11, 2023, which are trending down from yesterday.
Disney to combine Hulu, Disney+ into 1 app; posts higher earnings on strong theme park performance
Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter.
Today's best mortgage deal? 15-year terms maintain highest savings | May 10, 2023
Check out the mortgage rates for May 10, 2023, which are mixed from yesterday.