Mass layoffs hit Sports Illustrated staff
The publisher of Sports Illustrated is laying off much of the storied magazine’s entire staff. The news, first reported by Front Office Sports, came less than 24 hours after publisher…
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S&P 500 hits all-time high, surpassing previous record set in 2022
The S&P 500 closed at an all-time high on Friday as investors returned to buying equities in force following a short-lived market stumble to start the new year. The broad market index…
Mortgage rates are expected to fall below 6% this year, according to Fannie Mae
After reaching a post-pandemic high of 7.8% last fall, the average 30-year mortgage rate is now expected to end the year below 6%, according to analysts at Fannie Mae. Yet…
Apple overtakes Samsung as top seller of smartphones
Apple ended Samsung Electronics’ 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp. Samsung…
More than 1,400 U.S. flights have been canceled, with thousands more delayed
More than 1,800 flights within, to or out of the U.S. were canceled Tuesday as extreme winter weather continued to wreak havoc for travelers. Data from the tracking group FlightAware…
Biden administration unveils proposed changes to big banks’ overdraft fees
The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft protection plans. The independent watchdog agency said the new rule closes a…
Diddy and Diageo part ways in settlement of racism accusations
Sean “Diddy” Combs and Diageo said Tuesday they have cut ties and settled the music mogul’s accusations that the spirits giant neglected vodka and tequila brands he promoted or co-owned. In a joint statement,…
As EV sales growth slows, some drivers could buy one for as little as $10,000 this year
There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning…
Judge blocks JetBlue-Spirit merger in a major win for Biden’s Justice Department
A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for…
As EV sales slow, some drivers could buy one for as little as $10,000 this year
There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning…