JPMorgan Chase said on Monday it will invest $750 billion through 2035 to boost the U.S. housing supply, including financing for 1 million affordable housing units and assisting 500,000 people in buying homes. The investment is part of JPMorgan Chase’s American Dream Initiative, announced in March to boost economic mobility at a time when many…
Nearly two-thirds of U.S. federal workers said they wouldn’t enter public service again, citing eroding job security and benefits, according to a recent poll of active and retired government employees. Respondents’ views overwhelmingly reflected concerns about the current federal climate, rather than regret over having chosen careers in government, the National Active and Retired Federal…
Americans want CEOs to walk in their shoes for a while, a new survey suggests. Asked about the one thing they would want corporate leaders to understand about economic life in the U.S. today, a quarter of those polled said the cost of living is too high and that companies should make products more affordable,…
The families of four teenagers who died by suicide are suing Meta, Snapchat, TikTok and YouTube, alleging that using the social media platforms led to severe mental health and physical issues that resulted in their deaths. The lawsuit, filed Thursday in the Superior Court of Delaware, claims that the teens suffered years of harm from…
New York prosecutors are accusing Kalshi of running an illegal gambling operation, becoming the latest state to file a lawsuit against the prediction market. The complaint seeks to halt Kalshi’s operations in New York, force it to pay restitution to consumers who made bets on the platform, forfeit its profits and pay fines equal to three…
Roughly 178,000 OCTROT-brand heated blankets and throws are being recalled because they can catch fire or cause electrical shocks, according to federal safety regulators. The cord on the product can detach and ignite, posing a “risk of serious injury or death from fire, burn and shock hazards,” the Consumer Product Safety Commission said in a…
People with federal student loans may be eligible for a break on their monthly payments — if they act before an upcoming deadline. Student loan borrowers can earn a stepped-up interest rate discount of 1%, compared to the usual 0.25%, if they enroll in the U.S. Department of Education’s automatic payment feature before Sept. 30. …
American Airlines changed its flight cancellation and refund policy to make it more restrictive, potentially preventing passengers from getting their money back when trips are disrupted. The airline’s 24-hour refund policy now applies only to customers who book a ticket for a flight at least one week away. That means travelers are only entitled to…
A U.K.-based production company and a filmmaker are suing Netflix for $105 million, alleging the streaming company lost a drive containing a copy of an unreleased espionage movie, which they claim undermined its commercial prospects. The complaint filed on Wednesday in California district court alleges that the film’s associate producer, Daniel Haido, hand-delivered an unencrypted…
Mortgage rates in the U.S. hit their highest level in a year on Thursday as renewed tensions in the Middle East and the Federal Reserve’s interest rate decision this week fanned inflation concerns. The rate on a conventional 30-year mortgage averaged 6.66% in the week ending July 30, the highest level since July 2025, according to…
