For many prospective homebuyers, the last two years have been brutal as high home prices and mortgage rates produced the most unaffordable housing market since the 2000s bubble.

Many experts don't expect drastic improvement soon, but a shift could finally be underway.

The cost of a 30-year fixed mortgage has fallen from above 7% in May to the ...Read more

Frontier Airlines flight attendants voted to authorize a strike over a business model change they say has resulted in less pay, the Association of Flight Attendants announced Wednesday.

The vote was spurred by the Denver-based airline switching to a business model that includes more one-day trips and fewer multi-day trips for flight attendants,...Read more

Apple Inc. has been warned by the European Union to open up its highly guarded iPhone and iPad operating systems to rival technologies, or eventually risk significant fines under its flagship digital antitrust rules.

EU watchdogs announced under the bloc’s Digital Markets Act that Apple must step into line with strict new laws on making ...Read more

Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.

The world’s largest retailer has offered pay-by-bank through ...Read more

One of the world’s largest drug manufacturers is suing a small east metro wellness center over the way it marketed and sold a compounded, off-brand version of its blockbuster weight-loss medications.

Novo Nordisk filed its lawsuit this month in U.S. District Court, accusing the Minnesota Vitality and Anti-Aging Center of false advertising and...Read more

On the heels of announcing the sale of Yoplait, General Mills is looking to replace the under-performing brand with a grab-and-go acquisition.

The Minnesota-based maker of Cheerios and Totino’s is seeking possible additions to its pet food, snacking or food-service portfolio, areas of strong growth for a company struggling to expand its sales...Read more

LANSING, Michigan — Michigan’s $10.33 hourly minimum wage should increase to $12.48 an hour on Feb. 21, the Michigan Supreme Court said in a Wednesday order that clarified the timeline for a phase-in of a $15 minimum wage.

The order came after the high court majority on July 31 ruled a strategy used to curb minimum wage and paid sick leave ...Read more

WASHINGTON — A panel of U.S. House lawmakers advanced a bill Wednesday that would force automakers to install AM radio in all new cars.

The measure, titled the AM Radio for Every Vehicle Act, advanced through the House Committee on Energy and Commerce with broad bipartisan support. The only lawmaker to express outspoken opposition was ...Read more

The United Auto Workers said Wednesday it'll strike the tool and die unit at Ford Motor Co.'s Rouge Complex next week if local contract issues aren't resolved.

More than a year has passed since the deadline to reach a new local agreement between the Dearborn automaker and the unit of roughly 500 workers represented by UAW Local 600 in Dearborn....Read more

Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor had its way, one of the airline’s unions told members this week.

“... Elliott advised that its preference would be for board chair Gary Kelly to exit his position sooner than the announced departure at next spring’...Read more

Lionsgate will work with artificial intelligence research company Runway to create and train a new artificial intelligence model customized to the “Hunger Games” and “John Wick” studio’s film and TV content, marking the AI company’s first collaboration with a Hollywood studio.

The model will generate cinematic video that can then be...Read more

WASHINGTON — The Federal Reserve on Wednesday slashed interest rates by an unusually large one-half of a percentage point and signaled that further cuts are on the way for households struggling with still-elevated prices and a generally slowing economy.

It was the first rate cut since 2020 and reflected a shift in policymakers’ primary ...Read more

The Federal Reserve, hoping to give a strong adrenaline shot to the economy, on Wednesday announced a big half-point reduction in interest rates and signaled that further cuts are on the way for households struggling with still-elevated prices and a generally slowing economy.

While lower interest rates will ultimately help with everything from ...Read more

Boeing Co. is requiring many salaried workers to take unpaid leave to preserve cash as the planemaker digs in for contentious contract talks with its largest union.

The austerity measure affects tens of thousands of US-based employees, managers and executives, according to the company. They will work a rolling schedule of three weeks on the job...Read more

General Motors Co. electric vehicle customers can now purchase a Tesla Inc. Supercharger adapter to give them access to the Texas-based EV maker's vast charging network, the Detroit automaker said Wednesday.

Customers driving a GM EV can purchase the GM-approved North American Charging Standard DC adapter through one of GM's brand mobile apps. ...Read more

There have been a couple of new developments in the crypto world over the last few days just begging to have their dots connected. Here they are:

On Sept. 9, the Federal Bureau of Investigation issued its annual report on cryptocurrency fraud. The FBI found that, in 2023, crypto-related fraud absolutely exploded, with $5.6 billion in losses ...Read more

SACRAMENTO, California — A scandal over California's failure to keep pesticides out of legal cannabis is causing turmoil throughout the industry, with a whistleblower retaliation lawsuit, the departure of a top cannabis official, the state hiring a private investigator, and a race in the private sector to form a shadow regulatory system in the...Read more

Burn Lin knows the ins and outs of the tiny chips that power your phones, cars and gaming consoles, and he knows there aren't enough workers to keep up with skyrocketing demand.

The electrical engineer started his career at IBM in 1970, but eventually returned to his roots in Taiwan where his work helped turn the island democracy into the chip-...Read more