MILAN (AP) — Exploited Chinese workers employed in Italy by an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house in a series of supply chain abuses that the in-house production company failed to properly monitor, Italian police said Friday. The ...
LOS ANGELES (AP) — Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages. Over the last couple of years, uncertainty about inflation and the trajectory of mortgage ...
NEW YORK (AP) — A majority of workers at a Mercedes-Benz plant near Tuscaloosa, Alabama, are calling for a vote to join the United Auto Workers union, which is on a drive to sign up non-union plants across the country. According to a Friday announcement from the UAW, the Mercedes workers ...
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a 30-year mortgage rose to 6.82% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...
DETROIT (AP) — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of ...
NEW YORK (AP) — U.S. stocks held firmer Wednesday, a day after their worst drop in weeks. The S&P 500 inched up by 5.68 points, or 0.1%, to 5,211.49 The Dow Jones Industrial Average slipped 43.10, or 0.1%, to 39,127.14, and the Nasdaq composite added 37.01, or 0.2%, to 16,277.46. GE ...
