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Business & Tech

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective homebuyers during what's typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said ...

The White House is cracking down on overdraft fees

NEW YORK (AP) — The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services. President Joe Biden had called the fees, which can be as high ...

Meta donates $1 million to Trump’s inauguration fund

NEW YORK (AP) — Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump's inauguration fund. The donation comes just weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago. A Meta spokesperson confirmed the ...

Chanel appoints designer Matthieu Blazy as new artistic director

PARIS (AP) — One of the most prestigious roles in global fashion has just been filled, as Chanel appointed Franco-Belgian designer Matthieu Blazy as its new artistic director, the fashion house announced Thursday. The 40-year-old will oversee all collections for the world's second biggest ...