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Weekly mortgage demand plunges nearly 13%, as interest rates hit 2-month high
A "For Sale" sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | ReutersHigher interest rates, as well as concern over where the broader economy is headed, is causing mortgage demand to drop sharply. Last week,…
‘Consumers are insecure’: No recovery in sight for struggling cocoa market, Lindt CEO
BASEL, SWITZERLAND - APRIL 11: Lindt Chocolate Easter bunnies are seen in a store display on April 11, 2025 in Basel, Switzerland. Sedat Suna | Getty Images News | Getty ImagesCocoa prices will remain elevated despite some potential…
Auto groups lobby Trump administration against parts tariffs in rare unified message
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.Bill Pugliano | Getty ImagesDETROIT – Six of the top policy groups representing the U.S. automotive…
NYC’s most expensive home lists for $110 million amid market uncertainty
Since launching the quadplex earlier this month, listing agent Nikki Field with Sotheby's said interest has been encouraging: "Several highly qualified individuals have already inquired and toured the residence. There's real…
Inside the $1 billion berry startup backed by Ray Dalio’s family office
Sales of Fruitist's jumbo blueberries have tripled over the last 12 months, according to the company.Source: FruitistBerry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting…
Tesla shares tumble ahead of first-quarter earnings report
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025.Win McNamee | Getty ImagesTesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's…
Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty ImagesChipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its…
Auto giants extend losses as Trump’s sweeping global tariffs take effect
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light.Picture Alliance | Picture Alliance | Getty ImagesEurope's auto giants slipped on Wednesday, extending recent losses…
Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump's tariffs. The sudden buying binge could cause an "artificially high"…
Chinese EV giant BYD expands in Europe with premium brand launch
A BYD Denza Z9 GT electric car on display in Hong Kong in February 2025.Ucg | Universal Images Group | Getty ImagesBEIJING — Chinese electric car giant BYD is pushing ahead into Europe, launching its premium Denza brand in the region…