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Average US rate on a 30-year mortgage eases to 6.81%, hovering near highest level in over two months
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell to 6.81% from 6.83% last week, mortgage buyer Freddie Mac said Thursday.
Wall Street rallies as companies keep piling up profits, for now at least
U.S. stocks are rallying further as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Trump science cuts roil university labs, targeting bird feeder research, AI literacy work and more
Hundreds of university researchers had their National Science Foundation funding abruptly canceled Friday to comply with Trump’s directives to end support of research on diversity, equity and inclusion, as well as the study of misinformation.
Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds
An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.
UPDATED: Virginia university presidents among petition signers decrying federal ‘overreach’
The presidents of the University of Virginia, Hollins University and Virginia Wesleyan University have signed a letter endorsed by more than 200 university presidents and other higher education leaders condemning what it calls the Trump White House's "unprecedented government overreach and political interference."
Trump says he has ‘no intention’ of firing Federal Reserve chair
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been[...]
Tesla Q1 profit falls sharply as it fights backlash tied to Musk’s role in Trump administration
Tesla's Q1 profit plunged 70% to $409M amid weak sales, backlash over Elon Musk's role in the Trump administration, and rising competition in the EV market.
Trump renews attack on Federal Reserve Chair Powell
WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Jerome Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Yet Trump said the […]
Is slight rise in Virginia unemployment ‘calm before storm?’
Virginia’s unemployment rate numbers are on a slight rise, according to data from the state’s Department of Workforce Development and Advancement, also known as Virginia Works. The state agency reports that Virginia’s seasonally adjusted unemployment rate in March rose a tenth of a percentage point to 3.2 % compared to 3.1% in February and 2.8% […]
The Dow sinks nearly 1,000 points
NEW YORK (AP) — Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order. The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below […]
Trump official urges criminal probe of NY AG over Virginia home purchase
NORFOLK, Va. (AP) — In the summer of 2023, New York Attorney General Letitia James helped her niece buy a modest house in Norfolk, Virginia, by becoming a co-borrower on the mortgage loan. A top housing official in the Trump administration has now seized on a document in that transaction to argue that James should […]
Trump administration issues order to stop construction on New York offshore wind project
The Trump administration has issued an order to stop construction on a major offshore wind project to power more than 500,000 New York homes, the latest in a series of moves targeting the industry. Interior Secretary Doug Burgum on Wednesday directed the Bureau of Ocean Energy Management to halt construction on Empire Wind, a fully-permitted […]
