Finance
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Trump housing chief says new rules help Americans with mortgage costs
The company said that during the fourth quarter of 2026, the company will default to VantageScore 4.0 for mortgages that will be delivered to Fannie Mae, Freddie Mac, Veteran Affairs home loans and any other eligible mortgages.
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Bessent says US has extended trade agreement with China through January 10
The U.S. and China trade agreement, which was initially set to end in November, saw both sides roll back restrictions on critical minerals and high-tech exports that threatened to cripple global supply chains.
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Warren Buffett steps down as chairman of Berkshire Hathaway, his son will take over the position
Buffett was named chairman emeritus, effective immediately, and he will "continue to offer his valued judgment and perspective."
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Stock market takes hit amid concerns over new Trump tariffs
The Dow Jones Industrial Average dropped more than 700 points on Friday, amounting to a 1.6% loss. The S&P 500 dropped nearly 2% and the Nasdaq composite lost 2.7%.
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Here are the companies that have committed to investing billions in the US over Trump tariffs
Trump has levied high tariffs on goods from Mexico, Canada and China over the countries responses to the fentanyl crisis in the United States. Canada and Mexico are fighting 25% tariffs on their goods.
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US deficit sets record with $1.1 trillion in first five months of fiscal year 2025
The new numbers, released Wednesday, showed the deficit between October 2024, and February 2025. The deficit for February alone was $307 billion.
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Bank of America hit with major leak, releasing customer Social Security numbers, other info: Report
The bank did not reveal how many customers were impacted by the latest. But names, account details, addresses, contact information, date of birth, Social Security numbers and other government IDs of customers were all exposed.
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Dow sees 1,000 point drop before closing down 889 points after Trump declines to rule out recession
The Dow Jones Industrial Average on Monday took about 1,000 point tumble after President Donald Trump on Sunday declined to rule out a possible recession but ended up closing down 889 points, or a 2.08% drop.
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Walgreens seals $10 billion deal to go private with equity firm Sycamore Partners
Walgreens said that Sycamore Partners has agreed to pay $11.45 a share in cash, a deal that could equal up to $23.7 billion after paying off debt and other potential future payouts.
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Best Buy, Target, warn of rising costs due to Trump tariffs and retaliation
Canada and Mexico on Tuesday said they plan to impose tariffs on U.S. goods in retaliation for the U.S. tariffs, with Mexican President Claudia Sheinbaum stating her tariffs will be announced on Sunday if no deal has been reached.
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Stock market closes with a stumble ahead of looming tariffs
The impending tariffs caused the Dow Jones Industrial Average to drop by 649 points, or 1.5%, and the Nasdaq composite dropped 2.6% on Monday. The S&P 500 index dipped 2%.
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Stocks decline on Asian, European markets after Trump imposes tariffs, ahead of Wall Street opening
The U.S. dollar at the same time has strengthened on the currency markets
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Trump's comments in Davos help fuel accusations that banks are closing accounts of conservatives
Confidentiality rules prohibit banks from telling customers who have been "debanked" why their accounts are closed, which critics say provides cover for banks cutting off businesses or individuals for political reasons.