Simone Del Rosario
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How falling mortgage rates could impact housing affordability this year
Mortgage rates hit the lowest level in more than a year, which is a little like putting the cart before the horse, but lenders know the horse is coming. That horse is the Federal Reserve cutting interest rates, which experts believe will happen in September. What will all of this mean for housing affordability? Watch the… -
Conservatives want to give Dunkin’ Donuts the ‘Bud Light treatment’
Conservatives want to give Dunkin’ Donuts the Bud Light treatment. Calls to boycott the coffee giant’s more than 13,000 locations are splattered across social media with the hashtag #BoycottDunkinDonuts. It all started when Chris Pavlovski, the CEO of Rumble, YouTube’s conservative counterpart, said Dunkin’ didn’t want to advertise on his site because of its “right wing… -
Elon Musk sued this advertising group into the ground over X ‘boycott’
Elon Musk’s X filed a federal antitrust lawsuit on Tuesday, Aug. 6, against the World Federation of Advertisers and four members for what the company’s CEO says was a “systematic, illegal boycott against X.” The companies include CVS Health and Mars Inc., both of which were part of the trade group’s Global Alliance for Responsible… -
Fed cutting rates before September like ‘yelling fire in a crowded theater’
Many argue the Federal Reserve missed the boat after failing to cut rates to ease financial conditions two days before latest jobs report triggered a recession indicator on Friday, Aug. 2. The Federal Open Market Committee is not scheduled to meet again until Sept. 17-18. Now, experts are making the case for deeper rate cuts… -
Here’s why this former Fed adviser says we are already in a recession
The creator of a recession indicator that was triggered this past week said her rule is broken this time around and there’s no recession right now. But not everyone agrees. In fact, a different recession indicator points to the U.S. having entered a recession in October of last year. “We’re not in a recession,” Sahm… -
Google’s antitrust loss ‘a warning’ to Big Tech: The government can win
Pressure is building on Big Tech after a federal court ruled Google is a monopoly. Google isn’t the only one the government is going after. Apple, Meta and Amazon are actively fighting lawsuits. While Google’s appeal plays out, tech firms will be eyeing the courts, Federal Trade Commission and Department of Justice for clues to… -
FTC Chair Lina Khan got under Big Tech’s skin. Now they want her gone.
In the wake of a federal judge ruling that Google is a monopoly for its search business practices, all eyes are turning to other antitrust cases in the works. But even before the Google decision brought by the Justice Department, the Federal Trade Commission and its celebrity chair were feeling the political heat. FTC Chair… -
Break up Google? How the search giant might be punished for antitrust ruling
The antitrust ruling against Google on Monday, Aug. 5, is groundbreaking. By declaring Google is a monopoly, it marked the biggest tech antitrust ruling since Microsoft in the ’90s. It’s not that the government never takes up these cases; it’s that the government doesn’t often win. And to be fair, it hasn’t won yet. Google plans… -
Why the Sahm Rule creator says the recession rule is wrong this time
Recession fears have dominated headlines since Friday’s jobs report, where the rising unemployment rate triggered a recession indicator known as the Sahm Rule. The rule has an incredible track record of signaling the start of a recession, yet this time is an outlier, according to the rule’s creator. The Sahm Rule states a recession in the… -
Korea semiconductor company SK Hynix gets $450 million in CHIPS Act grant
The U.S. will officially host five of the world’s largest semiconductor manufacturers after dolling out tens of billions of dollars in grant money. The Biden administration announced Tuesday, Aug. 6, it’s awarding hundreds of millions in grants to South Korea’s SK Hynix for its new facility in West Lafayette, Indiana. The company announced in April it… -
A federal judge ruled Google is a monopoly. What happens now?
Google is a monopoly that illegally maintained its stranglehold on the search world, a federal judge ruled Monday, Aug. 5. It’s a major antitrust victory for the Justice Department against Big Tech, and could impact other antitrust lawsuits against Google, Apple, Amazon and Meta. Google said it plans to appeal the decision. This Google case is years… -
CrowdStrike strikes back over Delta Air Lines’ $500 million claim
Cybersecurity firm CrowdStrike on Sunday, Aug. 4, shot down Delta Air Lines’ claim that it should be financially responsible for a global outage that stranded half a million of its passengers in mid-July. The response comes after Delta hired high-powered attorney David Boies’ law firm looking for compensation from both Microsoft and CrowdStrike. In a… -
Overreaction or rational? Here’s why the US stock market plunged Monday.
Investors slammed the sell button the morning of Monday, Aug. 5, with the Dow Jones Industrial Average sliding more than 1,000 points before the opening bell. The tech-heavy Nasdaq lost 6% while the S&P 500 was down more than 4% before the stock market opened. The global sell-off started overseas in Japan with the Nikkei…
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