The 30-year mortgage rate hit 7.48% on August 22, 2019, according to Freddie Mac. This is the highest rate that the 30-year mortgage rate has been since 2000, when it hit 8.05% in April. This spike in mortgage rates has been attributed to the Federal Reserve’s decision to cut interest rates in July. The central […]
STOCK MARKETS
Several Buy Buy Baby and Harmon stores to reopen after buyers scored deals on the bankrupt brands
Yes, certain Buy Buy Baby and Harmon stores are slated to reopen after buyers scored deals on the bankrupt brands. Reports from various news outlets have stated that a variety of Buy Buy Baby stores in various locations, such as California, New Jersey, Connecticut, Illinois and Massachusetts, are being re-opened under the Bed Bath & […]
‘Lazy girl jobs’ are trending in rally against burnout culture
The trend of ‘lazy girl jobs’ has taken off as a popular term in the wake of growing burnout culture. ‘Lazy girl jobs’ refers to an anti-hustle, low-energy profession that doesn’t involve 50-hour work weeks and exhausting late nights. The idea is to adopt jobs that still provide value and make money, without having to […]
Orlando debuts self-driving shuttle that will whisk passengers around downtown
The city of Orlando has unveiled a new self-driving shuttle that will transport residents and visitors around downtown. The shuttle, made by Beep, has already been deployed for a limited 15-day trial period. During this time, the company will gather data to ensure that the shuttle’s systems function properly before it is fully rolled out. […]
As pet insurance becomes more popular, owners complain about rising prices and denied claims
due to coverage. To counter rising prices, pet owners can look into different types of pet insurance policies. A?few good options are to look into multi-pet insurance policies and discounts.[Multi-pet policies can often bring down the cost of coverage for multiple pets, while discounts may be available for multi-year plans or for those with a […]
As tourists seek refunds for upcoming Maui trips, Airbnb offers muddled response
In the wake of an unprecedented number of travel restrictions due to the coronavirus pandemic, tourists hoping to get refunds for upcoming trips to Maui have been met with conflicting and muddled responses from Airbnb, the popular home-sharing platform. For those trips that haven’t already been canceled by Airbnb, customers have been encouraged to use […]
Target sales ebb after Pride month shopper backlash; company cuts profit outlook for 2023
The backlash to increased sales during Pride month has caused many businesses to cut their profit outlook for the upcoming year. Many shoppers have become increasingly aware of the financial support given to companies that promote and empower the LGBT community, and have chosen to stop spending in those stores to show their disapprobation. Companies […]
Kraft Heinz picks new CEO as sales slump in the face of higher prices
Kraft Heinz Co. has appointed Miguel Patricio as its new chief executive officer, hoping to turn around the fortunes of the iconic food giant after it has struggled due to higher prices and changing consumer habits. Patricio comes to Kraft Heinz from Anheuser-Busch InBev SA, where he was the global chief marketing officer. He is […]
U.S. investigating power-assisted steering failure complaints in older Ram pickup trucks
The National Highway Traffic Safety Administration (NHTSA) is currently investigating complaints that the power-assisted steering systems in Ram 1500 pickup trucks fail to engage or suddenly fail while driving. The investigation was initiated after the NHTSA received reports of 58 incidents related to the failure of power-assisted steering systems in older Ram 1500 pickup trucks […]
WeWork, once valued at $40 billion, warns of possible bankruptcy as it submits ‘going concern’ notice
WeWork has warned its investors that it may have to file for bankruptcy due to uncertainties surrounding its business. On Monday, the company said in a regulatory filing that it had submitted a “going concern” notice, which acknowledges that it may not be able to continue operating if it fails to raise new funding or […]