Average 30-year mortgage interest rates have reached a five-week low following the release of data showing a cooling inflation rate in April. The Consumer Price Index report revealed an inflation rate of 3.4% for April, down from 3.5% in March and in line with economists’ expectations. This decrease in inflation has led to a drop…
Business Insider has compiled a comprehensive guide to help Wall Street summer analysts succeed in their internships. These internships are highly competitive and can serve as a launching pad for a career in finance. The 10-week program is often considered an extended job interview for both the interns and the banks. Securing a summer internship…
Former Hawaii Senator J. Kalani English and State Representative Ty Cullen have been released from federal prison after serving time for their involvement in a corruption scandal. Both politicians were convicted in 2022 for accepting cash bribes, poker chips, trips, and other favors from local businessman Milton Choy, who benefited from their legislative influence. English…
Felipe Martins, a 36-year-old man recovering from knee replacement surgery, faced a double blow when he received news of a non-cancerous tumor in his knee and was subsequently laid off from his job in May 2023. Martins, who had been working in the sales department of a tech company in Utah for nine years, had…
Japanese industrial giant Toshiba has revealed its intention to reduce its domestic workforce by up to 4,000 jobs as part of a restructuring program. The decision comes after the company’s shares were delisted in September following its privatization by a consortium amidst a series of crises. Toshiba aims to achieve the headcount reduction by November…
Valhalla Golf Club in Louisville, Kentucky is gearing up to host its fourth PGA Championship. The locally owned club, purchased by a group of members two years ago, aims to showcase the unique Kentucky flavor throughout the tournament. The course features white and limestone fencing reminiscent of the state’s horse farms, as well as Kentucky…
Reid Thompson, a fourth-generation farmer in central Illinois, is among the corn farmers facing a potential threat to their livelihoods due to the rise of electric and hybrid vehicles, which offer further emissions reductions compared to ethanol. The decline in corn demand could have devastating effects on farmers, leading to a decline in the value…
North Dakota Governor Doug Burgum has unexpectedly become a top choice to serve as former President Trump’s running mate. Despite failing to gain traction in his own White House bid, Burgum has emerged as a close ally and adviser to Trump since endorsing him and suspending his own campaign. Burgum’s growing influence was evident as…
Peloton, the connected-fitness company, is experiencing difficulties as its CEO steps down and layoffs are announced. The company, known for its popular exercise equipment and online classes, is facing financial struggles and a decline in demand. The CEO’s departure comes after the company recently announced plans to lay off 400 employees, which accounts for approximately…
Chinese tech giant Huawei Technologies Co is aggressively expanding its retail presence in China, opening four flagship stores since December. This move is part of Huawei’s strategy to regain its position in the lucrative Chinese smartphone market, challenging Apple Inc’s market share. The stores, located in major Chinese cities, offer a wide range of products…
