Business News
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Average long-term mortgage rate at lowest level in 4 months
The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher prices for just about everything, including homes
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Major funders call for increased support of Black feminists
The need to increase funding for Black feminist organizations is urgent, according to an open letter from some of philanthropy’s most influential organizations – including Melinda Gates’ Pivotal Ventures, Rihanna’s Clara Lionel Foundation, as well as the Ford Foundation and MacArthur Foundation – released Thursday
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Yellen visits Zambian farm to showcase Africa's ag potential
U.S. Treasury Secretary Janet Yellen has visited sites in rural and urban Zambia to showcase Africa's potential to help solve the world's problems with food shortages
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How will we know if the US economy is in a recession?
The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn’t in a recession despite high inflation and the Federal Reserve’s aggressive interest rate hikes
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Fewer Americans file for jobless claims last week
Fewer Americans filed for unemployment benefits last week as the labor market remains tight, even as the Federal Reserve has tried to cool the economy and inflation by raising interest rates
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Germany apologizes for leopard jibe that upset some Africans
Germany has apologized for using a leopard emoji in a jibe at Russian Foreign Minister Sergey Lavrov on Twitter that ended up offending some Africans
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US economy grew at 2.9% pace from October through December despite pressure from high rates and fear of coming recession
US economy grew at 2.9% pace from October through December despite pressure from high rates and fear of coming recession
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Toyota CEO Akio Toyoda to step aside, become chairman
Toyota Motor Corp. has announced that its CEO and president, Akio Toyoda, will become chairman
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BBC film on Indian PM Modi, 2002 riots draws government ire
Days after India banned a BBC documentary that examines Prime Minister Narendra Modi’s role during 2002 anti-Muslim riots, authorities are scrambling to halt screenings of the program in colleges and universities and restricting clips of it on social media
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SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale
Germany-based software company SAP says it's cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce
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