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Mortgage rates rose this week to the highest level in a year, 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 climbed to 6.66% from last week's reading of 6.58%. The average rate on a 30-year loan was 6.72% a year ago."The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional […]

FIRST ON FOX: The Trump administration is sending notices of intent to 100 agents affiliated with the Obamacare marketplace who allegedly violated the exchange’s standards of conduct by submitting insurance applications without recipients’ Social Security numbers or other identifying information.The Centers for Medicare & Medicaid Services (CMS), led by Dr. Mehmet Oz, alleged that agents did this "repeatedly."A marketplace agent is a professional who helps people shop for healthcare through […]

U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department's advance estimate.The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 1.5% in the three-month period including April, May and June. That figure was below the 2.1% growth estimate of economists polled by LSEG.It comes after the U.S. economy grew […]

The Federal Reserve's preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both figures were in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile measurements of food and energy […]

President Donald Trump said Wednesday his administration is considering additional safeguards for artificial intelligence following a recent cybersecurity incident involving multiple OpenAI models undergoing internal security testing.Asked about reports that OpenAI models autonomously breached another AI company's systems during internal testing, Trump said the U.S. must strike a balance between protecting against AI risks and maintaining its technological edge over China."We're looking at AI, we're looking at controls," Trump said. […]

Airbus completed a test flight lasting more than 24 hours, a key step toward Qantas’ planned nonstop service linking Australia and Europe.The aircraft – a specially adapted A350-1000ULR – flew 14,338 miles from Melbourne, Australia, to Toulouse, France, in 24 hours and 24 minutes, according to Flightradar24 data.The flight was a major test for Qantas’ Project Sunrise, launched in 2017 to create the world’s longest nonstop commercial routes.FAA SCALES BACK […]

This story about the Federal Reserve's July 2026 interest rate decision is breaking news. Please check back for updates.The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran.Fed policymakers voted 9-3 to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank's decision to hold rates […]

Sen. Josh Hawley, R-Mo., accused Dr. Anthony Fauci of using taxpayer-funded staff to pursue more than $1 million in personal cash awards during the COVID-19 pandemic, allegations Fauci declined to address as he repeatedly invoked the Fifth Amendment.The exchange came during a contentious hearing Wednesday, where the former White House COVID advisor had been subpoenaed to appear before the Republican-led committee by Sen. Rand Paul, R-Ky.Hawley accused Fauci of directing […]

Cracker Barrel is set to pay outgoing CEO Julie Masino several million dollars in severance pay after her departure from the company, while also covering security costs for a period of time.The restaurant chain announced on Monday that Masino would step down as CEO on Aug. 10 and will remain with the company in an advisory role until Oct. 9. David Deno will replace her as CEO.The company disclosed in […]