Business

(NEW YORK) — The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily. The milestone arrives after months of rate increases. As recently as last April, the 30-year fixed mortgage rate stood below 5%, Mortgage News Daily data shows. An aggressive series […]

EllenMoran/Getty Images (NEW YORK) — Good news for flyers who opt for the window seat — your boarding zone will soon be prioritized on United Airlines. According to an internal memo from the Chicago-based carrier obtained by ABC News, starting on Oct. 26, the airline will change its boarding process for economy class passengers that […]

(NEW YORK) — With just over one month remaining until Thanksgiving and the start of the winter holiday season, Americans are already eyeing grocery prices to gauge how much their festive gatherings are going to cost this year. But one major retailer is ignoring inflation in order to keep a traditional turkey dinner more affordable. […]

(NEW YORK) — As travelers race to book flights for the holidays, Southwest Airlines has announced new changes that will make it easier to earn higher status, with better access to upgrades and more perks for elite members. The largest low-cost carrier announced new perks for flyer loyalty through its Rapid Rewards program. Starting Jan. […]

simonkr/Getty Images (NEW YORK) — Nearly half of all injuries reported from electric bikes in the last six years took place in 2022, according to a new report from the Consumer Product Safety Commission (CPSC). The CPSC estimates more than 360,000 injuries related to micromobility devices were treated in emergency rooms across the country between […]

(NEW YORK) — Since war broke out between Israel and Hamas last week, a Palestinian-American apparel store owner in San Diego, California, has received a spate of death threats online, she said. The founder of a chain of Palestinian restaurants in the Northeast U.S., meanwhile, said a person last week screamed expletives at him and his […]

(NEW YORK) — As war broke out in recent days with a Hamas attack and an Israeli response that has left an estimated more than 4,100 people dead in Israel and Gaza, gruesome images and disinformation spread widely on major social media platforms. From repurposed video game footage masquerading as videos showing military engagements to […]

(NEW YORK) — One of the nation’s largest drugstore chains has voluntarily initiated the Chapter 11 process for bankruptcy protection. Rite Aid announced Sunday that the company had reached an agreement with creditors on the terms of its financial restructuring plan that will “increase its financial flexibility” and “significantly reduce” its existing debt. In addition […]

Paul Weaver/SOPA Images/LightRocket via Getty Images (NEW YORK) — Variety discount store Family Dollar recently initiated multiple recalls on products ranging from over-the-counter drugs to toothpaste sold at regional chains in nearly two dozen states. The company first issued an announcement Oct. 5, which was published Oct. 10 by the U.S. Food and Drug Administration, […]

(WASHINGTON) — Major housing industry groups voiced “profound concern” in a letter this week urging the Federal Reserve to stop raising interest rates. The rare public admonishment from top business advocates — including the National Association of Realtors and the National Association of Home Builders — underscores a dramatic slowdown in the housing market due […]