Business News

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started

US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices

FDA's e-cigarette authorization: Fruity vapes not significantly better than tobacco ones

A new memo from U.S. health regulators is raising questions about a recent decision to authorize the first fruit-flavored e-cigarettes for adult smokers

Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations

Brazilian officials have announced a significant drop in deforestation rates

Freddie Mac says average rate on a 30-year mortgage rose to 6.52% this week, just below its high for the year

From YouTube to Disney+: Preschool hit 'Gracie's Corner' lands streaming and development deal

The educational series “Gracie’s Corner” is joining Disney+

Too sick to work, but can they prove it? New Medicaid rule worries patients

Blood cancer survivor DeAnna Brandon worries about new Medicaid work requirements affecting her health coverage

House fails to extend US surveillance tool, risking lapse ahead of Friday deadline

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war