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Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.
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Three franchisees operating McDonald's locations in Maryland, Kentucky, Ohio and Indiana collectively had 305 minors working illegally. They are ordered to pay more than $200,000 in civil penalties. -
The 11,500 members of the Writers Guild of America went on strike this week after negotiations with Hollywood studios that began in March failed to result in an agreement. -
The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while. -
The U.S. came dangerously close to defaulting on its debt in 2011. Jack Lew, chief of staff and then treasury secretary under President Obama, offers some advice to the current administration. -
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On Monday, four San Diego County residents accused of bilking state child care benefits programs out of millions, were arraigned in federal court. -
Australian Health Minister Mark Butler said vaping had been sold to the public as a product meant to help smokers quit but instead spawned a new generation of nicotine users, particularly teens. -
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A group of economists conducted one of the first empirical studies of "generative AI" at a real-world company. They found it had big effects.
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