Covid mortgage bailouts are expiring fast, but here's why a foreclosure crisis is unlikely
High levels of home equity will keep most borrowers who are behind on their payments due to Covid from going into foreclosure.
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Goldman Sachs says hedge funds are increasingly trying to compete with VCs in private deals
Hedge fund participation in private deals that typically involve venture capitalists has grown "enormously" in recent years, according to Goldman Sachs.
Biden outlines plan to mandate Covid vaccines for millions: 'Our patience is wearing thin'
President Biden detailed a plan Thursday to raise Covid vaccination rates, pushing employers to immunize their staff and mandating shots for federal workers.
Justice Department sues Texas over a new law that bans nearly all abortions
The Supreme Court, stacked 6-3 with conservative justices had rejected a bid to block the controversial Texas abortion law from taking effect.
Ford to spend $2 billion to restructure operations and close plants in India
Ford has two vehicle and engine plants – Chennai and Sanand – in the country that employ thousands of people.
Biden to mandate Covid vaccine for federal workers, removing option to get tested instead
The executive order will also extend to contractors who work with the U.S. government.
TSA to double minimum fines for travelers who refuse to wear masks to $500
Fines for refusing to wear a mask at U.S. airports will double to $500 up to $3,000.
Affirm stock skyrockets after company reports 71% revenue growth and strong guidance
The blockbuster earnings report comes after Affirm last month announced it's teaming up with Amazon to launch a buy now, pay later checkout option on the site.
Data shows the U.S. is the world’s largest Covid vaccine donor — way ahead of China
The U.S. has donated and delivered more than 114 million doses of Covid-19 vaccines, according to public data compiled by UNICEF.
FDA says it won't complete review of e-cigarette products by Thursday deadline
FDA announced Thursday afternoon that it has made "significant progress" in reviewing roughly 6.5 million product applications from about 500 companies.
Amazon's top third-party seller in U.S. plans to go public via SPAC
Packable oversees Pharmapacks, a top seller on Amazon's third-party marketplace that offers a wide variety of health, beauty and personal-care products.
GOP Rep. Liz Cheney tells Trump 'Bring it' after ex-president endorses primary challenger in Wyoming
Rep. Liz Cheney told Donald Trump to "Bring it" after the ex-president endorsed a primary challenger to the Wyoming Republican on Thursday.
Treasury yields fall after weekly jobless claims drop to Covid-era low
U.S. Treasury yields were mostly flat Thursday as last week's initial jobless claims dropped to a new Covid-era low.
GM debuts off-road Chevrolet Silverado ZR2 as flagship truck ahead of EV pickup
GM unveiled the 2022 Silverado ZR2 with a host of off-road performance features as part of updates to its Chevy full-size pickup lineup.
GM extends shutdown of Bolt EV production amid recall and battery fires
The plant has been shuttered since Aug. 23 as a result of a battery pack shortage related to the recall.
Amazon to cover 100% of college tuition for U.S. hourly employees
Amazon is the latest big retailer to offer to cover the full cost of college tuition amid a tightening labor market.
Amazon TVs are coming in October, with prices starting at $370
Two series will be available in various sizes: the Amazon Fire TV Omni and the more affordable Amazon Fire TV 4 Series.
Biden administration unveils plans to lower prescription drug costs
The plan, summarized in a 29-page document, supports legislation that allows the federal government to negotiate lower prices on the costliest drugs each year.
Microsoft indefinitely postpones return to U.S. offices as Covid cases surge
Microsoft used the announcement as an opportunity to talk about new features in its Teams communication app that can help people work remotely.
Weekly jobless claims post sharp drop to 310,000, another new pandemic low
Initial filings for unemployment benefits were expected to total 335,000 for the week ended Sept. 4.
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