Long-term mortgage rates ease for third straight week, dipping to just below 7%
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.
Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans
The Justice Department has filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, accusing them of running an illegal monopoly over live events in America and driving up prices for fans.
Black Americans are underrepresented in residential care communities, AP/CNHI News analysis finds
Nearly half of Americans over 65 will pay for some version of long-term health care, the landscape of which is quickly transitioning away from nursing homes and toward community living situations.
Buy now, pay later companies must adhere to credit card standards, consumer agency says
The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders.
Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments
Longtime Apple executive Phil Schiller has acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasnโt done much to increase competition โ a shortcoming that could result in a federal judge demanding more changes.
$100 million for equity: MacArthur Foundation's new big bet and mandate
The MacArthur Foundation will let loose another $100 million to a single project in the third installation of its global 100&Change competition, which for the first time requires applicants to address diversity, equity, and inclusion issues, the foundation announced Wednesday.
Floridaโs disaster preparedness sales tax holiday starts June 1. Hereโs what you can buy
The Atlantic Hurricane Season starts Saturday, June 1 and now is a good time to check your hurricane kit supplies and make a list of what you need to replace or add to it ahead of the stateโs sales tax holiday.
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
Judge signs off on $600 million Ohio train derailment settlement but residents still have questions
A federal judge has signed off on the $600 million class action settlement over last year's disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of the deal.
At international energy conference, delegates push to make clean cooking accessible to all
Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency.
Families of Uvalde school shooting victims are suing Texas state police over botched response
The families of 19 of the victims in the Uvalde elementary school shooting in Texas have filed a $500 million federal lawsuit against 92 state police officers who were part of the botched law enforcement response.
Group of Tesla shareholders ask investors to vote against Musk's compensation package
A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that itโs not in the electric vehicle makerโs best interest.
London judge rejects Prince Harry's bid to add allegations against Rupert Murdoch in tabloid lawsuit
A London judge says Prince Harry can't expand his privacy lawsuit against The Sun tabloid's publisher to include allegations that Rupert Murdoch and some other executives were part of an effort to conceal and destroy evidence of unlawful information gathering.
AI companies make fresh safety promise at Seoul summit, nations agree to align work on risks
Leading artificial intelligence companies made a fresh pledge at a mini-summit Tuesday to develop AI safely, while world leaders agreed to build a network of publicly backed safety institutes to advance research and testing of the technology.
'The Apprentice,' about a young Donald Trump, premieres in Cannes
While Donald Trumpโs hush money trial entered its sixth week in New York, an origin story for the Republican presidential candidate premiered at the Cannes Film Festival, unveiling a scathing portrait of Trump in the 1980s.
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets.
Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks
Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Governmentโs aggressive consumer financial watchdog agency should be allowed exist at all.
UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral
British regulators say they donโt need to open a competition investigation into Microsoftโs partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal.