The U.S. air travel system is huge and complicated, and it could show significant signs of stress in the event of a federal government shutdown. As the hours tick by…
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Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
Mortgage interest rates just hit a level not seen since the year 2000. As a result, mortgage demand is now sitting near a 27-year low. Total mortgage application volume fell…
Rite Aid, the third-largest U.S. drugstore chain, is reportedly preparing to seek bankruptcy protection and could close 400 to 500 stores. The Wall Street Journal reported Friday that Rite Aid…
Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs…
Here’s what happens to Social Security payments if the government shuts down
If the federal government shuts down Sunday, numerous publicly funded agencies will stop work and their employees won’t be paid, but Social Security checks will still go out. Social Security…
Target says it will close nine stores in major cities, citing violence and theft
Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will close one store in New York…
JPMorgan to pay $75 million to settle lawsuit over ties with Jeffrey Epstein
JPMorgan Chase has reached a $75 million settlement with the U.S. Virgin Islands over a lawsuit accusing the nation’s largest bank of facilitating Jeffrey Epstein’s sex-trafficking enterprise for 15 years,…
The U.S. Securities and Exchange Commission on Monday charged podcaster Matthew Motil in connection with an $11 million Ponzi scheme that allegedly defrauded more than 50 people. The agency said…
The ongoing United Auto Workers strike is expanding. UAW President Shawn Fain called for union members to strike at noon ET Friday at 38 General Motors and Stellantis facilities across…
48,000 mattresses sold at Costco may have been exposed to mold, regulators say
Novaform ComfortGrande and DreamAway mattresses sold exclusively at Costco are being recalled, with the U.S. Consumer Product Safety Commission saying they may have been exposed to mold during manufacturing. The…