Mortgage Rates Jump Even as Fed Cuts Interest Rates
Despite the Fed Reserve cutting its benchmark rate this week, mortgage rates actually climbed, with the average 30-year fixed jumping 20 basis points to 6.3%.
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Bank Of America Hit With $1.2 Billion Penalty Over Money-Laundering Failures
Bank Of America is facing more than 1.2 billion dollars in penalties after federal regulators found major failures in its anti-money-laundering controls.
Supreme Court Takes Up Fight Over Musk’s DOGE Records
The supreme court has agreed to hear the Trump administration’s appeal in a fight over public access to records from Elon Musk’s DOGE.
Kroger To Cut 3,000 Corporate Jobs As It Ramps Up AI
Grocery giant Kroger plans to eliminate 3,000 corporate jobs over the next three years, as it restructures operations and expands its use of AI.
OpenAI Employee Accused Of Planting Secret Recording Device
A former OpenAI engineer has been arrested, accused of secretly planting a recording device inside the company’s San Francisco headquarters.
Americans Want to Buy American. So What’s Getting in the Way?
Jason Miller, Professor of Supply Chain Management at Michigan State University, explains why stronger regional supply chains are key to buying American.
The $125 Billion Data-Center Boom That Could Transform St. Louis
Ron Kitchens, Managing Partner of Greater St. Louis, Inc., explains how a $125 billion data-center boom could transform the region’s economic future.
