Mortgage applications inch up for the first time in five weeks
Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020.
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Eric Schmitt beats former Gov. Eric Greitens in Missouri GOP Senate primary, NBC projects
The results mark a major defeat for Greitens, who fully embraced former President Donald Trump as he looked to claw his way back to the political fore.
Fed's James Bullard expresses confidence that the economy can achieve a 'soft landing'
The Fed has a good chance of not tanking the economy and achieving a soft landing, St. Louis Fed President James Bullard said.
Airbnb stock slumps despite record-breaking bookings
Airbnb's revenue jumped 58% year-over-year to $2.1 billion helping to drive the company’s most profitable second quarter to date.
Trump-backed gubernatorial candidate Tudor Dixon wins Michigan Republican primary
Dixon, who is endorsed by ex-President Donald Trump, will face incumbent Democratic Gov. Gretchen Whitmer, who ran unopposed in the primary.
Apple chipmaker TSMC warns Taiwan-China war would make everybody losers
If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered "not operable," TSMC Chair Mark Liu said.
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial services company
PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.
Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
Household debt climbed past $16 trillion in the second quarter, as soaring inflation pushed up housing and auto balances.
Jan. 6 texts of Trump Defense officials wiped clean by Pentagon, court filing shows
Attorney General Merrick Garland was asked to investigate the of the Pentagon to maintain texts from the day of the Jan. 6 Capitol riot by Trump supporters.
Amazon warehouses face expanded probes into safety hazards as investigators visit three more sites
Last month, OSHA and federal prosecutors launched a probe into potential safety violations at Amazon warehouses.
Credit card balances jump 13%, highest leap in over 20 years, as inflation outpaces wage growth
Americans now say they need to be making about $107,800 a year to feel financially healthy, roughly double the national average.
DOJ sues to block new Idaho abortion law, first challenge to a state after Dobbs ruling by Supreme Court
Attorney General Merrick Garland announced the first DOJ suit on abortion access since the Supreme Court overturned its ruling in Roe v. Wade.
Molson Coors stock falls as company cites split in consumer spending on beer
Molson Coors Beverage is seeing some beer drinkers trade down as inflation hits their wallets, but says others are still willing to pay more for their six-pack.
U.S Treasury yields move higher on Pelosi's Taiwan visit
U.S Treasury yields moved up on Tuesday morning as investors awaited new jobs data and monitored U.S. House Speaker Nancy Pelosi's trip to Asia.
JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares
JetBlue posted a second-quarter loss and scaled back capacity growth plans.
Dolphins owner Stephen Ross suspended, fined $1.5 million after NFL probe cites tampering violations
The penalties mark the conclusion of the NFL's investigation into reports of tampering and intentionally losing games by the Dolphins.
Biden to sign bill boosting China competition and U.S. chip production
The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.
Uber reports another big loss but beats on revenue, shares pop 19%
Uber reported a second quarter loss on Tuesday but beat analyst estimates for revenue.
Fed's Daly says 'our work is far from done' on inflation; Evans sees 'reasonable' chance for smaller hike
The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.
Job openings fell sharply in June as labor market shows signs of slowing
Job openings plunged in June to their lowest level since September 2021 in a potential sign that a historically tight labor market is starting to loosen.
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