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Business

Average mortgage rate edges higher after four weeks of declines

The average rate on a 30-year U.S. mortgage ticked up this week, ending a four-week slide that brought down borrowing costs for homebuyers to the lowest level in nearly a year. The rate rose to 6.3% from 6.26% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...

US stocks slip as Wall Street’s rally loses steam

NEW YORK (AP) — U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause. The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell ...

US stocks set more records as relentless rally keeps rolling

NEW YORK (AP) — The seemingly relentless rally on Wall Street drove U.S. stocks to more records on Monday. The S&P 500 rose 0.4% after erasing a modest loss from the morning. The Dow Jones Industrial Average added 66 points, or 0.1%, and the Nasdaq composite climbed 0.7%. It's the third ...

TikTok’s algorithm to be licensed to US joint venture

WASHINGTON (AP) — Tech giant Oracle will spearhead U.S. oversight of the algorithm and security underlying TikTok's video popular platform under the terms of a deal laid out Monday by President Donald Trump's administration. All the final details still need to be nailed down among several ...

Google faces antitrust déjà vu

After deflecting the U.S. Justice Department's attack on its illegal monopoly in online search, Google is facing another attempt to dismantle its internet empire in a trial focused on its abusive tactics in digital advertising. The trial that opened Monday in an Alexandria, Virginia, federal ...

Trump reveals Murdochs and Dell could potentially take part in TikTok deal

President Donald Trump said prominent billionaires – including media mogul Rupert Murdoch and tech founder Michael Dell – could be part of a deal in which the U.S. will take control of the social video platform TikTok. Trump namedropped the 94-year-old Murdoch and his son Lachlan Murdoch, ...