Business

Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.86% from last week's reading of 6.81%. It marked the highest level since Feb. 13, when the rate on a 30-year mortgage averaged 6.87%.The average rate on a 30-year loan was 6.94% a year […]

Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits under congressional Republicans' tax cut package by demanding higher interest rates on U.S. debt issued in the Treasury markets.Waller spoke exclusively to FOX Business' Edward Lawrence on "Mornings with Maria" and said that the market thought the bill would do more in terms of paring back spending to reduce persistent budget deficits, but with deficits […]

Pope Leo XIV’s childhood home is being put up for auction, but the Village of Dolton, Illinois, is looking at ways to become its new owner. The current owner recently decided to make the home located in the Chicago suburb available for purchase via an upcoming auction. Bidding for the small brick home, with a reserve price of $250,000, will be open until the late afternoon on June 18, according to […]

The Walt Disney Company has put dozens of Florida-based Venezuelan employees on unpaid leave as they face the possibility of losing Temporary Protected Status (TPS) as soon as next month, according to reports.Bloomberg reported that Disney notified the employees on Tuesday that their jobs will be terminated next month because of a ruling from the Supreme Court that allows the Trump administration to revoke protections in the U.S. for some […]

Microsoft announced that it will host Elon Musk’s xAI Grok 3 on its Azure service, amid the tech mogul's legal battle with OpenAI and the Redmon-based tech giant.In the lawsuit, which was filed in 2023, Musk accuses CEO Sam Altman of betraying OpenAI's non-profit mission by shifting it into a for-profit business.The hosting news means that not only Grok 3 will be available, but users can access other artificial intelligence […]

Senate Majority Leader John Thune, R-S.D., and Senate Majority Whip John Barrasso, R-Wyo., are expected to continue pushing to block California’s gas-powered car "ban" and emissions standards, as the chamber’s proverbial referee and a federal agency cry foul.A vote is expected as early as Wednesday on the first of three waivers granted by the Biden-era Environmental Protection Agency to Sacramento to set stricter standards than the feds, while Fox News […]

Burger King will offer several menu items that take inspiration from the upcoming "How to Train Your Dragon" movie for a limited time.The Restaurant Brands International-owned fast-food chain unveiled the limited-time menu on Wednesday, calling it a "co-promotion" with Universal Pictures.Burger King’s "How to Train Your Dragon" menu consists of three food items and one drink.They are a Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Viking’s Chocolate Sundae and Soaring […]

A new survey finds that American homebuyers are anticipating that a recession will occur by early next year, with some buyers suggesting that could make them more likely to buy a home.The survey by Realtor.com found that in the first quarter of 2025, 63.4% of homebuyers said they think there will be a recession in the last year. That's the third-highest level of concern in the survey since 2019, following the […]

The Federal Aviation Administration (FAA) has begun cutting flight operations at Newark Liberty International Airport in New Jersey, following weeks of serious disruptions from equipment outages, air traffic control staffing shortages and ongoing runway construction.The interim order, which took effect Tuesday, follows a delay-reduction meeting last week when the FAA met with several airlines to address persistent flight delays and congestion at Newark. In recent weeks, passengers have faced several-hour […]