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The Federal Housing Finance Agency is increasing the size of home loans that the federal government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $832,750 on single-family homes in most of the [...]
WASHINGTON (AP) — Sales at retailers and restaurants increased in September as consumers moderated their spending after splurging over the summer. Sales rose 0.2 percent in September from the previous month, according to new figures from the Commerce Department. The report had been delayed more than a month because of the federal government shutdown. Sales [...]
CHELSEA, Mich. (AP) — Old Brick Farm, at which Larry Doll raises chickens, turkeys and ducks, was fortunate this Thanksgiving season. Doll’s small farm west of Detroit had no cases of bird flu, despite an ongoing outbreak that killed more than 2 million turkeys in the last three months. He also avoided another disease, avian [...]
WASHINGTON (AP) — The Trump administration last week announced that there could be new oil drilling off the California and Florida coasts for the first time in decades as President Donald Trump seeks to expand the nation’s oil production. The oil industry has been seeking access to new offshore areas, including Southern California and off [...]
WASHINGTON (AP) — A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to meeting minutes released last week. At the same time, many officials said “it would likely be appropriate” to keep rates [...]
WASHINGTON (AP) — The nation’s trade deficit fell by nearly 24 percent in August as President Donald Trump’s sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said that the gap between what the United States buys from other countries and [...]
Home Depot’s third-quarter results were mixed due to fewer violent storms reaching shore, more anxiety among consumers and a sluggish housing market, company officials said. The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth. For the three months that ended Nov. 2, Home Depot earned $3.6 billion, or [...]
DEARBORN, Mich. (AP) — Ford Motor Co.’s new headquarters, the carmaker’s first central office switch since Dwight Eisenhower was president, is double the size of its old one with room for twice as many employees. The new HQ, for which a grand opening event was held last weekend, has seven restaurants as part of a [...]
Airlines say they are optimistic they can resume normal operations just a few days after the federal government lifts its order to cut some flights at 40 busy airports. Currently, it’s not clear how soon that will happen even though the federal government shutdown is done. The Federal Aviation Administration did announce last week that [...]
Disney’s fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks. The Walt Disney Co. earned $1.31 billion, or 73 cents per share, for the three months ended Sept. 25. It earned $460 million, or 25 cents per share, [...]