President Joe Biden’s critical news conference didn’t end his reelection campaign on Thursday night. But it showed why it will be so hard for him to save it. Biden endured his latest agonizing, public test of cognition as he faces a growing torrent of calls from Democrats, worried that he’s…

The Republican party platform, orchestrated by former President Trump, is filled with promises for those it calls “our Great Seniors.” But there is little or no real policy behind most of those campaign pledges. And the document is filled with many irreconcilable contradictions. The platform will be the GOP’s election-year…

Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The…

Many Americans plan to rely on their credit cards to finance a significant portion of their holiday travel, even if they can’t afford it, a recent survey said.  Roughly 83% plan to pay for a portion of their trip using credit cards, a new Debt.com survey said. More than a…

With the nation’s best education system and policies that give companies room — both literally and figuratively — to grow, Virginia is America’s Top State for Business in 2024.This is the Old Dominion’s sixth time at the top of CNBC’s rankings, and its third win in five years — a…

Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly…

US consumer prices did something in June that they haven’t done since the early part of the pandemic: They fell. Consumer prices dropped 0.1% on a monthly basis, helping to bring the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest…

Listen below or on the go on Apple Podcasts and Spotify Costco (COST) reports a 7.4% rise in June net sales, hikes membership fees. (00:29) HubSpot (HUBS) sinks after report Google shelved acquisition plans. (01:30) NBA sets up deals with NBC, Amazon, ESPN — but TNT can still match: Athletic.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels has accepted measures from Apple that give the iPhone maker’s rivals access to its contactless payments technology system and ensures the company avoids a hefty fine at the end of a…

A staggering 24 hours that cracked the political foundation of Joe Biden’s reelection bid leave him facing the most high-pressure presidential news conference in modern history on Thursday. The stakes for Biden’s solo appearance at the conclusion of the NATO summit multiplied by the hour as his political position unraveled…