Business

EXCLUSIVE: Tucked quietly away from the grandeur of Mar-a-Lago and the bustle of Worth Avenue lie homes worth hundreds of millions of dollars that are now part of a so-called "shadow" underground real estate market in Palm Beach."If somebody were to come to me today and say, ‘Hey, what else is available that's not outwardly seen?’ Within a few blocks of here, there is a house for $175 [million], $52 […]

Millions of Americans enrolled in Medicare are receiving $90 payments from the federal government this month as part of a Trump administration initiative to help offset health care costs.More than 20 million Medicare beneficiaries are eligible for the one-time payments, with most expected to receive the money through direct deposit on or around Oct. 8, according to the Centers for Medicare & Medicaid Services (CMS).President Donald Trump announced the payments […]

Mortgage rates rose for the seventh straight week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.4% from last week's reading of 7.28%.The average rate on a 30-year loan was 6.3% a year ago.BABY BOOMERS ARE POISED TO UNLEASH MILLIONS OF HOMES — BUT THERE'S A CATCH FOR FIRST-TIME BUYERS"This increase comes […]

A new report by LendingTree finds that almost 11 million Gen Z adults, or about one-in-four, moved across state lines in 2024, according to the latest Census Bureau data.The data showed that an estimated 10.7 million of 44.6 million Gen Z adults, or 23.9% of that generation, moved to a different state or the District of Columbia in 2024. That figure is a far higher share than for any age […]

Vice President JD Vance and Labor Department officials announced Thursday that the Trump administration is suspending Microsoft, Adobe and others from a key employment-based green-card program, accusing major tech firms and outsourcing companies of abusing the visa system at the expense of American workers."There has been no company in the United States, unfortunately, that has abused the system more than Microsoft," Vance said at a news conference on H-1B and […]

Amazon is cutting fewer than 1,000 white-collar jobs, mainly in its stores division, which oversees the company's main e-commerce website, according to Reuters.The reported cuts come as Amazon wraps up its October Prime Big Deal Days sales event, which ran Tuesday and Wednesday.The downsizing follows a series of larger layoffs totaling roughly 30,000 jobs that began last year and continued into January.A person familiar with the matter told Reuters that […]

Walmart and Alphabet-owned Wing are expanding their drone delivery service to the Seattle and Denver metro areas next year, bringing the service to nearly 20 major U.S. markets.The expansion is part of the companies' ongoing plan to offer drone delivery from more than 270 Walmart stores nationwide, according to an announcement Monday from Wing."Adding new metros to our expansion speaks to how quickly people across the country are adopting drone […]

President Donald Trump held a press conference Wednesday at the Oval Office celebrating the automatic enrollment of millions of American children in his "Trump Accounts."The Treasury Department announced last week that every eligible child under 18 with a valid Social Security number now has a Trump Account, bringing the total to roughly 70 million accounts, according to the White House.Parents or guardians must still claim their child's automatically enrolled account […]

Jaguar has unveiled the first production model from its sweeping reinvention, nearly two years after a rebranding campaign drew backlash from critics who called it "woke."The all-electric Jaguar Type 01, unveiled Tuesday in New York, is a four-door luxury grand tourer with a U.S. starting price of $130,500. Orders are expected to open in early 2027, with initial customer deliveries anticipated in the second half of the year.The launch represents […]