Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted…
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for…
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there…
For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of…
DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate…
The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%,…
Post-pandemic consumer splurging is rapidly coming to a halt, according to two widely followed U.S. companies — more evidence…
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of…
Price growth is cooling across the economy. While that is good news for consumers, the timing of this progress…