Budget will keep rates higher for longer, says OECD
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.
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Home prices and mortgage rates will stay high in 2025, Realtor.com predicts
With mortgage rates on the rise once again and home prices staying stubbornly high , the housing market is poised for another tough — although perhaps more balanced — year. Read more...
10 cities where home prices are expected to increase the most in 2025
After a difficult year, prospective homebuyers can expect a friendlier, less competitive housing market in 2025. But affordability will continue to be a challenge, with high home prices and mortgage rates still on the horizon. Read more...
Teachers union opposes casino in Times Square
The head of the powerful teachers' union is flunking a proposal to put a casino in Times Square -- in the heart of the beloved Broadway theater district.
Trump's cabinet picks aren't ready to 'make nice' and that reality will set in soon, strategist says
Read more...
The 5 most exclusive restaurant reservations in Europe, according to hospitality experts
As the holiday season comes to a close and the winter blues begin setting in, it’s easy to begin dreaming of an escape from day-to-day life. You may find yourself looking up international flights or fantasizing about foreign cities. Whether you’re craving the warmth of the
The 5 cars that cost the most to maintain, according to Consumer Reports — and the 5 that cost the least
Buying a car costs more than just the MSRP. If you want to keep your car in good condition, you’ll need to maintain it over time. But maintenance costs can vary wildly between car brands. Read more...
Lifespan of four nuclear power stations extended
EDF Energy says Torness, in East Lothian, and its sister site Heysham 2, in Lancashire, will continue generating for an extra two years.
Reactor installed at UK's newest nuclear power station
The nuclear power plant is the first to be built in the UK for 30 years.
Frontier Airlines CEO calls out travelers trying to avoid paying for carry-on baggage: ‘These are shoplifters’
The budget airline also said it will offer first-class-style seating to woo passengers willing to spend more.
Skydance boss David Ellison to chop Paramount’s three-headed CEO structure after merger: report
David Ellison, son of Oracle billionaire Larry Ellison who will run the combined company as chairman and CEO, is planning changes at Paramount.
Simon & Schuster staffers slam ‘Scrooge’-like owner KKR for canceling Christmas party: ‘They are being cheap’
The century-old American publishing house was snapped up by New York private equity firm KKR, once dubbed 'the Barbarians at the Gate'
Crypto mogul Alex Mashinsky pleads guilty after Celsius implosion
Federal prosecutors said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his company's proprietary crypto token.
Mom sues Mattel over ‘Wicked’ dolls with porn website link after daughter visited site
The plaintiff said her daughter showed her hardcore photographs from the website and both were "horrified" by what they saw, suffering emotional distress.
Elon Musk’s SpaceX could be valued at a whopping $350B in sale of insider shares: report
The tender offer – in which employees and early investors are allowed to sell shares at a specific time and price – would mark a rapid jump in value for SpaceX.
Bad news for rich stoners: Jay Z's luxury cannabis line on its last legs
Anyone hoping to spend a chill night in, spinning “Watch the Throne” on their turntable, while inhaling $50 of Jay Z-branded weed is, regrettably, out of luck: After four years of operations, it appears that the hip hop mogul’s cannabis brand has gone bust. Read more...
Meta CEO Mark Zuckerberg wants an 'active role' in Trump administration tech policies
With Tesla ( TSLA ) and SpaceX chief executive Elon Musk solidifying his role in the incoming Donald Trump administration, another tech leader is looking to stay in the president-elect’s good graces. Read more...
McDonald's E.Coli case is closed
The E. coli outbreak linked to McDonald’s has officially been resolved, the Centers for Disease Control (CDC) and Prevention confirmed in an update on Tuesday. Read more...
Food supplier Cargill to cut 8,000 jobs globally as falling crop prices hurt profits
The majority of the layoffs will take place this year, according to an internal memo.
Elon Musk rips ‘totally crazy’ ruling by Delaware judge denying his $100B Tesla pay package: ‘Absolute corruption’
Musk reacted on his X social media platform to the ruling on Monday by Court of Chancery Judge Kathleen McCormick.
The 4 books Bill Gates read this year to make 'sense of the world'
Bill Gates shared a list of the four books he “enjoyed” reading this year, including ones focused on artificial intelligence and love. Read more...
CDC issues major update about McDonald’s E. coli outbreak
The bacteria strain linked to the outbreak killed one and infected 104 people across 14 states, according to the CDC.
How painful will Trump’s tariffs be for American businesses?
Their options range from hoarding goods and raising prices to rewiring supply chains
Jaguar’s pink, ‘woke’ electric car slammed by Gen Z: ‘What on Earth is Jaguar thinking?’
This vehicular Pink Panther is falling flat on its face.
NYC seafood mecca Le Bernardin named top US restaurant once again in global survey — as Michelin awards loom
While it may not yet have the clout of Michelin, La Liste has steadily grown in influence since its launch in 2015 -- especially in Europe and Asia.
Three rail firms to be renationalised next year
The rail operators will be renationalised in May, as part of the government's manifesto promise.
The FTC is cracking down on a firm that claims its AI-powered face recognition tech has 'zero' bias
A software provider won’t be allowed to lie about the accuracy of its artificial intelligence-powered facial recognition technology under a new proposed order from the Biden administration. Read more...
The FDA is investigating a salmonella outbreak linked to recalled cucumbers
A salmonella outbreak linked to cucumbers has left at least 68 people sick, according to federal regulators. Read more...
Walmart wants to help blind shoppers
Walmart ( WMT ) wants to make it easier for blind and low vision shoppers to navigate its stores with a new pilot program. Read more...
Meta’s Mark Zuckerberg wants ‘active role’ in shaping Trump tech policy, exec Nick Clegg says
Meta’s top policy executive said Mark Zuckerberg wants to play an “active role” in shaping tech regulations under President-elect Donald Trump’s administration – and admitted the social media giant “overdid it a bit” while moderating pandemic-related content.
Amazon's next-generation AI training chip is here
Amazon Web Services ( AMZN ) unveiled its next-generation artificial intelligence training chip that it says is faster and expected to use less energy. Read more...
Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant. Read more...
