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Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold...
Read moreFed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are...
Read moreGM to increase production of high-performance Cadillac Escalade V8 SUV
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the...
Read moreMortgage refinance demand jumps to a 2-year high, as interest rates drop
Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed....
Read moreJohn Deere to abandon Pride festival sponsorships following online right-wing pressure campaign
John Deere said Wednesday it would cease lending its name to social events like LGBTQ Pride parades — the latest...
Read moreWillow Bay and Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250M valuation
Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports...
Read moreRedbox set to close as DVD market withers in streaming’s shadow
DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the...
Read moreDelta says the Olympics will cost it $100 million as travelers skip Paris
For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential...
Read moreAs inflation cools, Social Security could pay out a smaller COLA increase
Price growth is cooling across the economy. While that is good news for consumers, the timing of this progress on...
Read moreHe plays rich on screen but dreams of full-time work: ‘Why can’t I get a living wage?’
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday...
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Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal
WASHINGTON — The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion...
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IAC approves spinoff of home improvement marketplace Angi
Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it...
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Microsoft CEO Nadella forms new AI group to build and run apps for customers
Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday....
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Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia
Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia...
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