Markets

President Biden's chances of officially becoming the Democratic Party's nominee are in freefall on betting sites amid growing reports that top Democrats are urging him to drop out.

While median asking rents have dropped 0.4% in June, with declines across all unit sizes amid mixed regional conditions, renters are still under significant pressure.

The average rate for a 30-year fixed-rate mortgage fell again this week to 6.77%, while the 15-year rate declined to 6.05%, remaining uncomfortably high for many would-be buyers.

A report published by Redfin shows that the cost of buying a house has surged in seven battleground states due to the astronomical rise in mortgage rates.

President Biden's administration announced another $1.2 billion in additional student loan relief for 35,000 borrowers, while dealing with political troubles.

Bud Light has still not recovered from a controversial partnership last year with transgender influencer Dylan Mulvaney that sparked a boycott of the beer.

Ford is boosting production of its most profitable vehicles, the F-Series Super Duty trucks. The two factories that are manufacturing the trucks can't meet the current demand.

California lawmakers proposed a law that would eliminate self-checkout lanes at certain grocers and retailers to combat theft. Retail experts say this will only drive up costs.

More than 50,000 people are expected to descend on Milwaukee during this week's Republican National Convention, bringing an expected $200 million economic boost.

As former President Donald Trump campaigns for a second term in the White House, he has voiced support for reducing taxes, steeper tariffs and more.