Business
900 families to be evicted from Florida mobile home park
Park authorities reported that the closure is part of a community development plan that seeks to modernize the area
Business
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Business
U.S. luxury brands report higher earnings while major retailers struggle to get customers in the door
"To date, we haven't seen an adverse impact on customer spending from inflationary pressures, which we suspect is due to the higher income profile of our customer base," said Nordstrom's Chief Financial Officer Anne Bramman
Business
Satellite images show Russian ships loading stolen Ukrainian grain
New satellite images appear to show Russian cargo ships loading up on what is believed to be stolen Ukrainian grain amid a spike in food prices amid the ongoing war and record inflation
Business
POLL: 75% of Fortune 500 CEOs believe a recession is inevitably on the horizon
“If you look at history, there has never been a moment when inflation was above 4% and unemployment was below 5% when we did not have a recession within the next two years,” Summers said
Business
Biden celebrates skyrocketing gas prices as an 'incredible transition' away from fossil fuels
"Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over," Biden said
Business
Ford recalls thousands of vehicles due to engine fire risk
The engines could catch fire even when the cars are not running
Business
Joe Biden invokes Defense Production Act to address baby formula shortage
The act allows military aircraft to be used to bring formula overseas into the United States
Business
Mortgage demand falls as interest rates increase to 13-year high
Mortgage applications dropped 12% on a weekly basis, making it the first time in three weeks that the demand fell
Business
U.S. gas prices hit another record high
At more than $6 a gallon, gas is the most expensive in California
Business
Elon Musk says he'll vote Republican for the first time in November
“I’m not sure, I might never have voted for a Republican, just to be clear. Now this election I will,” Musk said
Business
Devin Nunes talks plans to expand Truth Social, bring Trump Media public
Developers hope to open Truth Social to the whole world