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Americans 75 and older are wealthiest age group, Fed survey finds22:26 Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said China and EU trade envoys seek ways to ease tensions over growing imbalances22:26 The top trade envoys for China and the European Union are wrapping up two days of talks aimed at calming escalating tensions over growing imbalances between the two giant economies Average long-term US mortgage rate rises to highest level in nearly 3 years22:26 Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years PepsiCo sees strong overseas demand but lackluster North American performance in Q322:26 PepsiCo is reporting better-than-expected revenue in the third quarter despite lackluster North American demand A partial building collapse in Istanbul kills 2 and traps at least 2 more22:26 A seven-story building in Istanbul has partially collapsed, killing two and trapping at least two other people Federal Reserve officials expect another rate hike will be needed this year, according to minutes22:26 Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed European soccer body UEFA ties financial future to US agency Relevent in 2nd rights sales deal21:55 European soccer body UEFA has tied more of its financial future to U.S. marketing agency Relevent by signing a national-team competitions exclusive sales deal from 2028 to 2036 US home sales rose in September, but slowed from a year earlier19:15 Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers Cyberattack targeting refrigeration systems hits 700 supermarkets19:15 Cyberattacks have disrupted European supermarket chains, causing refrigeration systems to overheat at hundreds of stores in France UK's Burnham weighs approval for oil and gas drilling in the North Sea19:15 British Prime Minister Andy Burnham faces a crucial decision on whether to allow oil and gas drilling in the North Sea CVS agrees to pay $315 million to settle case over opioid prescriptions19:15 CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids Kroger to lay off 3K corporate employees over 3 years as it leans into AI17:40 Grocery store chain Kroger says it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations What to know about the Nord Stream pipeline explosions trial opening in Germany this week8:34 A former Ukrainian army officer is going on trial in Germany over undersea explosions that damaged the Nord Stream gas pipelines between Russia and Germany four years ago |
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