Browsing: Business

US mortgage demand surged to a 3-year high as rates fell to 6.49%, driving a sharp rise in refinancing and home purchase activity, MBA data shows.

Oracle stock soared 38% after its bold AI cloud forecast. With a $144B revenue target and 37 new datacenters, it’s redefining enterprise infrastructure.

Canada launches $80M relief for Atlantic businesses as Carney pivots to national resilience amid rising global tariffs and failed U.S. trade talks.

Manufacturing layoffs rise as American factories face monthly cost hikes due to tariffs, driving up unemployment and stalling wage growth.

U.S. officials detained 475 workers at Hyundai’s Georgia battery plant, pausing construction and prompting South Korea to arrange repatriation flights.

88 postal operators suspended US-bound mail after the US revoked the de minimis exemption, triggering an 81% drop in global postal traffic.

Semiconductor companies face U.S. tariffs unless they shift production to American soil, Trump announced at a tech executive dinner.

US biofuel imports hit a 13-year low in 2025 due to tax policy changes and reduced demand for renewable diesel and biodiesel fuels.

US trade deficit widened to $78.3 billion in July as soaring imports of industrial supplies and capital goods outpaced sluggish export growth.

Billionaire investor Ray Dalio warns of growing instability in the US, citing fiscal irresponsibility, political division, and loss of institutional trust.