Mortgage rates dipped significantly this week, dropping to the lowest level in more than a year, according to Freddie Mac. Rates for 30-year, fixed-rate mortgages averaged 6.47%, down from 6.73% last week. “Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to…

The U.S. Bureau of Labor Statistics just reported that the U.S. added 818,000 fewer jobs over the last 12 months (through March) than they previously predicted. The -0.5% difference was reported in the preliminary estimate of the annual revision to the BLS employment series. Consumers won’t know the final numbers…

An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were killed when a luxury yacht sank off Sicily this week.The public prosecutor’s office of Termini Imerese, headed by Ambrogio Cartosio, announced the investigation, saying the probe was not aimed…

Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular on restaurant checks in recent years.Last year, 15% of restaurant owners added surcharges or fees to…

As opening statements in the murder trial of Robert Telles began last week, the Las Vegas Review-Journal was confronted with a nightmarish question: How does a newspaper cover the trial of a suspect accused of murdering one of its own reporters? The once-unimaginable prospect is one the newspaper and its…

I last covered AT&T stock (NYSE:T) back in late May and rated it a hold at the time, as I observed that the company’s Q1 results showed it making solid progress, particularly with its free cash flow generation and debt reduction. However, I remained neutral on the stock due to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.German authorities have launched a manhunt after an unknown assailant stabbed three people to death at a festival in the western town of Solingen.Police said the incident occurred at around 9.40pm on…

An unsettled and unpredictable 2024 presidential race is entering its final stretch, with Vice President Kamala Harris looking to build on the momentum of this week’s Democratic National Convention and former President Donald Trump honing his lines of attack. The former president’s early-summer polling and fundraising advantages were wiped out…

By Elana Rabinowitz, Next Avenue “We call it pretirement,” a woman said while gushing about her new life in the affluent resort town of Saratoga Springs, New York. The smile on her face was impossible to hide. “Pretirement?” I asked, as if she made a verbal typo. She explained that…

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