News

As the Trump administration has put housing affordability in the spotlight recently, one of the president’s top economic advisors unveiled how Americans might be able to use 401(k) funds for a home down payment."The typical monthly payment about doubled for an ordinary family buying an ordinary home. And the down payment they needed to buy a home went from about $15,000, to about $32,000. And so there's a real lot […]

Exclusive: BlackRock executive Rick Rieder discussed several key issues, including the profitability of the Federal Reserve, during an interview for the top job at the central bank, senior administration sources told FOX Business.Other topics discussed during the meeting with Rieder, the chief investment officer of global fixed income at BlackRock, included the importance of monetary policy stability and U.S. debt dynamics, the sources said.The interview was conducted in the Oval […]

A recall of Frigidaire-branded minifridges has been expanded to 964,000 units after multiple reports of the product catching fire, according to the U.S. Consumer Product Safety Commission.Canada-based Curtis International initially recalled 634,000 minifridges last summer but added 330,000 of another model to the alert Thursday.The recalled minifridges have electrical components that can short-circuit and ignite the plastic used to make the product, presenting fire and burn hazards.45 SICKENED WITH SALMONELLA […]