Category Archives: Business

A surging stock market and a flurry of deal-making padded the profits of Wall Street’s two big investment banks, which both saw a double-digit jump in profits in the fourth quarter. Goldman Sachs’s net earnings rose 12% from a year earlier, posting a profit of $4.62 billion, or $14.01 a share. Meanwhile, Morgan Stanley said it earnedContinueContinue reading “Goldman Sachs and Morgan Stanley see double-digit profit jumps”

The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%. The last time the average rate was lowerContinueContinue reading “Long-term mortgage rate drops to lowest point in more than 3 years”

An investigation into a sprawling betting scheme to rig NCAA and Chinese Basketball Association games ensnared 26 people, including more than a dozen college basketball players who tried to fix games as recently as last season, federal prosecutors said Thursday. The scheme generally revolved around fixers recruiting players with the promise of a big payment in exchangeContinueContinue reading “26 former NCAA players and fixers charged for rigging games”

President Donald Trump on Thursday announced the outlines of a health care plan he wants Congress to take up as Republicans have faced increasing pressure to address rising health costs after lawmakers let subsidies expire. The cornerstone is his proposal to send money directly to Americans for health savings accounts so they can handle insurance and health costs asContinueContinue reading “Trump unveils a health care plan aimed at lowering costs”

After an update, one X user wrote: ‘Hey congrats on doing the bare minimum.’ source https://www.inc.com/chloe-aiello/elon-musk-is-in-hot-water-over-x-enabling-inconceivable-behavior-but-hes-not-backing-down/91288713