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Buyers are taking on riskier adjustable rate mortgages as affordability worsens
American homebuyers are taking on riskier adjustable rate mortgages to address affordability concerns despite the potential for payments to increase in the future.
Fed holds rates steady as inflation casts doubt on future cuts
Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged as inflationary pressures within the U.S. economy start to increase again.
Surge in fraud for those 60 or older costs them billions, FBI says
The FBI's report on fraud schemes targeting the elderly found that Americans over 60 lost more than $3.4 billion to scams in 2023, with tech support and data breaches the most common.
UnitedHealth CEO details cyberattack root, working 24/7 to 'fix this'
UnitedHealth CEO Andrew Witty testified before a Senate committee on Monday, revealing new details about a cyberattack on the company that has disrupted systems for months.
Johnson & Johnson proposes to pay $6.5B to settle talc ovarian cancer lawsuits in US
Through a bankruptcy filing of its subsidiary company, J&J will be able to resolve about 99.75% of the pending talc lawsuits against the company and its affiliates in the U.S.
Lady Gaga's dad 'attacked' outside church as 'chaos' erupts in NYC
After allegedly being attacked by a "disturbed" man outside of church, Joanne Trattoria's Joe Germanotta says New York City crime has transformed into "chaos."
Private sector job growth rises more than expected in April
Hiring by private U.S. companies rose more than forecast in April, a sign that the labor market remains resilient in the face of higher interest rates.
Former President Trump nets extra $1.8 billion of stock in his media company
Former President Donald Trump has been awarded an "earnout" bonus of $1.8 billion worth of stock in his newly public company, Trump Media & Technology Group.
Homes are now affordable in just 6 major American cities
Homes in most major American cities do not have prices low enough to be considered affordable for the median-earning household, according to a new study.
Why gold ETFs are an option to bonds as inflation lingers
Getting into gold can be done through ETFs, including one that tracks the physical yellow metal and another that invests in gold mining companies.