Falling interest rates may pique the interest of prospective homebuyers but experts don’t necessarily think it is going to loosen the market anytime soon. The rate for a 30-year fixed mortgage averaged 6.09% for the week, according to Freddie Mac. The dip comes as the Federal Reserve cut its benchmark interest rate by 50 basis…

In a major move against the pharmaceutical industry, the U.S. Federal Trade Commission is taking legal action against three of the country’s largest pharmacy benefit managers, or PBMs. The companies are CVS Health’s Caremark Rx, Cigna’s Express Scripts and UnitedHealth Group’s Optum Rx. The FTC filed a lawsuit on Friday, Sept. 20, accusing the companies…

The European Commission, a branch of the European Union, wants to ensure Apple products like iPhones and iPads interact properly with headphones and smartwatches not designed by Apple. This is something Apple must comply with under the EU’s Digital Markets Act. The commission announced Friday, Sept. 20, it is starting two “specification proceedings to assist…

A new poll conducted by Scripps News/Ipsos reveals that 54% of Americans support the mass deportation of undocumented immigrants. The survey shows that respondents “strongly” or “somewhat” favor efforts to deport millions of immigrants. The results highlight a stark divide along party lines. Among Republicans, 86% support mass deportation, followed by 58% of independents and…

The number of Americans applying for unemployment benefits fell to 219,000 last week, the lowest level in four months, as reported by the Labor Department. Jobless claims slid by 12,000 for the week of Sept. 15, which is below analyst forecasts of 230,000 new filings.The total number of Americans collecting jobless benefits decreased by 14,000…

A new report from the Commonwealth Fund revealed that the U.S. health care system ranks last among 10 high-income countries. The study indicates that the U.S. is falling short compared to other developed nations, with people in the U.S. experiencing the youngest mortality rates and the highest number of avoidable deaths. This occurs despite the…

A new poll reveals 54% of Americans support mass deportation of undocumented immigrants. Approximately 86% of Republicans, 58% of independents and 25% of Democrats are in favor of the policy proposed by Republicans ahead of the 2024 election.Securing the U.S.-Mexico border is the top immigration priority for about a third of Americans, followed by citizenship…

The Federal Reserve lowered its benchmark interest rate by a supersized 50 basis points, outpacing expectations of 25 basis points. Markets surged Wednesday afternoon, Sept. 18, as the central bank ended its rate-hike campaign that started in 2022. The federal funds rate now sits between 4.75%-5%, down from 5.25%-5.5%. This marks the first rate cut…

Tupperware, the iconic food storage company, filed for Chapter 11 bankruptcy late Tuesday, Sept. 17. It’s a downturn for the company that was founded in 1946 by chemist Earl Tupper. Soon after its creation, women took on the role of Tupperware advocates, inviting others over to their homes to display the benefits of the patented…

Markets are increasingly betting the Federal Reserve will make a supersized rate cut at this week’s meeting. There are two camps: Those who believe the Fed will cut interest rates by 25 basis points and those who believe the Fed will double up to 50 basis points. A week ago, 2 out of 3 futures traders…