Business News

Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs

The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs fo...

US home prices hit an all-time high as sales slow and mortgage rates rise

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to...

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

WASHINGTON (AP) — The number of Americans filing for unemployment benefits dipped slightly last week...

PepsiCo says economic concerns weighed on customers in North American during recent quarter

NEW YORK (AP) — PepsiCo reported stronger-than-expected revenue in the second quarter despite weaker...

China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home

HONG KONG (AP) — China’s passenger car exports surged 80% in June from a year earlier, mainly due to...

Australia agrees to sell uranium to India, ending a long stalemate

WELLINGTON, New Zealand (AP) — Australia will begin to sell uranium to India for peaceful purposes...

Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide

NEW YORK (AP) — Stocks rose, and oil prices eased Thursday as financial markets calmed in the wait...

Meta plans billions for first AI data center in Canada, largest outside the US

EDMONTON, Alberta (AP) — Facebook and Instagram parent Meta said Wednesday it will invest more than...

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