Business

A historic mortgage rate shock — with the average rate on 30-year fixed-rate mortgages jumping from 3% to 6% this year — after the 41.3% surge in U.S. home prices from the pandemic housing boom in just over two years has left many Prospects are simply made to be buyers to their breaking point. Other borrowers, who must meet lenders’…

It felt like a calling: Nina’s parents are both teachers in their native France; Her brother also teaches at home. Her aunts, uncles and even her husband’s father are teachers. “It’s crazy,” she says wealth. There was family pressure to become a teacher, to say the least, but Nina, 29, says she is passionate about teaching and loves the children…

The USA clinched a thrilling victory against Iran on Tuesday, but that was just the beginning of the long road to the FIFA Championship. The round of 16, also known as the knockout round, begins on Saturday. And a loss will make the teams pack up. There are no ties. There are no second chances. And the competition is much…

Twitter CEO Elon Musk on Friday renewed his attack on his company’s former leadership by announcing what he called evidence of their “suppression of the Hunter Biden story.” In fact, the alleged evidence was the work of an independent journalist who had access to internal Twitter emails showing debate within the company about restricting a New York Post Article in…

It’s hardly a secret that student loan debt is a major drain on individuals and families across the country. Student loan debt in the United States totaled $1.745 trillion in the third quarter of 2022, according to the Education Data Initiative. About 92.7% of all debt is government student loans. Average individual debt is estimated to be about $40,780 when…

Prosecutors resumed their closing arguments in the Trump Organization’s criminal tax fraud trial on Friday, pledging to share previously undisclosed details about Donald Trump’s knowledge of a tax evasion scheme hatched by one of his top executives. “Donald Trump knew exactly what was going on with his top executives,” Manhattan Assistant District Attorney Joshua Steinglass told jurors Thursday during the…

When the government releases the November jobs report on Friday, it could provide some clarity as to whether hiring and wage growth are beginning to slow – a trend the Federal Reserve sees as crucial in its fight against high inflation. In a closely watched speech on Wednesday, Fed Chair Jerome Powell pointed to a resilient labor market as a…

New York City’s transit chief and three other senior police officers announced their resignations Thursday, generating revenue among the department’s top echelons while Mayor Eric Adams seeks to focus the department on subway crime and people with mental health problems to remove from the streets of the city. The departures come amid a push Adams announced this week to involuntarily…

John. R. Tyson, chief financial officer of Tyson Foods and great-grandson of the company’s founder, pleaded not guilty to charges of public intoxication and criminal trespassing. His trial is scheduled for February 15, according to a Fayette District Court official who asked not to be named because he is not authorized to speak publicly. The CFO was arrested in November…

Amazon doesn’t regret years of explosive growth and overemployment — even as it embarks on the biggest job cuts campaign in its history. Amazon CEO Andy Jassy announced in November that the company would start laying off employees in several departments and suggested the layoffs would likely continue into 2023. Jassy’s comment came days after that New York Times reported…