It's getting more expensive to buy a home

It's getting more expensive to buy a home

Here’s the reality behind inflation worries Here’s some more bad news for home buyers: It’s getting even more expensive to buy a home. The average rate of a 30-year fixed rate mortgage jumped to 4.40% this week — the highest level since April 2014, according to Freddie Mac’s latest report. This is the seventh consecutive → Read More

Are rubber bands putting American jobs at risk? Trump trade team is investigating

Are rubber bands putting American jobs at risk? Trump trade team is investigating

U.S. trade moves could spark Chinese retaliation The Trump administration wants to determine whether foreign-made rubber bands pose a risk to American workers. The nation’s leading producer of rubber bands, a small company in Arkansas, is worried that imports from China, Thailand and Sri Lanka are putting its 150 workers in jeopardy. It petitioned the → Read More

Year after coronation, Breitbart has diminished presence at CPAC

Year after coronation, Breitbart has diminished presence at CPAC

Last year’s edition of the Conservative Political Action Conference served as something of a coronation for Breitbart. The conference’s lineup was littered with the website’s writers. Steve Bannon, Breitbart’s former executive chairman who at that point served as one of President Trump’s top advisers, received a rock star’s welcome. And the far-right site carried an → Read More

For self-driving cars, car washes are a nightmare

For self-driving cars, car washes are a nightmare

Driving without a driver The most cutting-edge cars on the planet require an old-fashioned handwashing. Car washes have been automated for decades, but companies developing fully autonomous vehicles must rely on a human touch to keep their cars and trucks in working condition. There are a range of problems with putting a self-driving vehicle through → Read More

Airbnb adds fancier rental options and loyalty program

Airbnb adds fancier rental options and loyalty program

5 stunning stats about Airbnb Airbnb is adding more lodging types to its site, such as boutique hotels, bed and breakfasts, and high-end rentals. It’s also making it easier for bigger groups to stay together for work trips, weddings, and family getaways. CEO Brian Chesky outlined on Thursday at an event in San Francisco the → Read More

Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze

Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze

Lagarde: Bitcoin regulation ‘inevitable’ Nasdaq wants to boot an iced tea maker off its exchange for allegedly trying to fool investors caught up in the cryptocurrency mania. Last year’s rebranding of Long Island Iced Tea into Long Blockchain symbolized the moment that the bitcoin movement went from a boom to a craze. The bizarre makeover → Read More

Snap CEO Evan Spiegel made $638 million last year

Snap CEO Evan Spiegel made $638 million last year

Will a redesign help woo new Snapchat users? Snapchat may have struggled during its first year as a public company, but you wouldn’t know it from the CEO’s pay. Evan Spiegel, the CEO of Snapchat’s parent company, received $638 million in total compensation in 2017, according to a company filing with the Securities and Exchange → Read More

Sturm Ruger has cut 700 jobs in the last year

Sturm Ruger has cut 700 jobs in the last year

History of the modern assault-style rifle The drop in gun sales has lead to deep job cuts at Sturm Ruger On Wednesday, the company reported a 21% sales decline for 2017. Thursday it disclosed that it has cut 700 jobs, or more than a quarter of its staff, over the last 13 months. That leaves → Read More

Trump administration seeks to require more people to work for food stamps

Trump administration seeks to require more people to work for food stamps

Feeding America’s most vulnerable children The Trump administration wants more food stamp recipients to work for their benefits. The Agriculture Department will seek comments on how to get more able-bodied adults who don’t have dependent children into the workforce, agency officials announced Thursday. Read More

Snapchat stock drops on news Kylie Jenner no longer uses the app

Snapchat stock drops on news Kylie Jenner no longer uses the app

Will a redesign help woo new Snapchat users? Kylie Jenner is not happy about Snapchat’s new redesign. Snap (SNAP) stock fell more than 7% on Thursday afternoon after the reality TV star said she is no longer using the app. Jenner has been one of Snapchat’s most influential users. “Sooo does anyone else not open → Read More

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