Business

If you have $10,000 in cash waiting to be invested, you probably wish you had shoveled that money into the stock market in mid-April. But you’re not the first, and won’t be the last, investor who missed a good entry point into the market. Even with the market at all-time highs since hitting a bottom in April, that doesn’t mean …

Mortgage rates are still nearly 7% and home prices are 55% higher than they were at the beginning of 2020, according to the Case-Shiller U.S. National Home Price Index.  Housing inventory is slightly rising overall, but it’s not doing so by nearly enough, a May report by the National Association of Realtors and Realtor.com shows. And an analyst note published …

A Southwest flight climbing away from Burbank Airport suddenly descended hundreds of feet Friday afternoon, possibly to avoid a mid-air collision. The plane was at 14,100 feet above Angeles National Forest headed northeast to Las Vegas at 12:03 p.m. when it abruptly dropped to 13,625 feet, data from Flightradar24 showed. The drop of around 500 feet came moments after the …

Osmond Chia Business reporter, BBC News Getty Images Matcha mania is sweeping the world. The bright green Japanese tea can be found in everything from Starbucks’ lattes in the UK to Krispy Kreme doughnuts in Singapore. The global matcha craze is being driven by social media, with influencers sharing brewing tips, reviews and recipes. The “Matcha Tok” hashtag has clocked …

A concept image of a self-driving car image by Gorodenkoff via Shutterstock Aeye (LIDR) shares closed sharply higher on Thursday after the lidar system specialist announced a significant collaboration with the AI darling Nvidia (NVDA). According to the company’s press release, its flagship Apollo lidar “has been fully integrated by Nvidia into their DRIVE AGX platform,” which is integral to its …

Meta has followed in Google’s footsteps in deciding that pending EU political advertising regulations are so onerous to comply with that they’re not even going to bother. Zuckercorp said in a statement Friday that the Transparency and Targeting of Political Advertising (TTPA) regulation, due to go into effect this October, would impose excessive obligations and legal uncertainty on EU advertisers …

Social Security beneficiaries are expected to face a 24% cut in payments by late 2032 following the enactment of President Donald Trump’s One Big Beautiful Bill Act, according to new projections from a nonpartisan fiscal watchdog. The projected cut would equal an $18,100 annual benefit cut for a dual-earning, middle-class couple that retires at the start of 2033, the Committee …

UPDATED with internal memo: Paramount Global’s co-CEOs told employees Friday that they expect an August 7 closing date for the company’s merger with Skydance, praising staffers’ efforts during the grueling process of getting the deal done. The companies had earlier confirmed the expected closing date, which follows an epic, years-long effort to sell the home of Paramount Pictures and CBS. …

Minutes after takeoff Friday, a Southwest flight leaving Burbank, California, descended after two onboard alerts, injuring two flight attendants and frightening passengers, the airline and people on board said. Southwest did not provide additional details about the alerts. A source familiar with the situation said there was a traffic alert and collision avoidance system alert and invovled a Hawker Hunter …

The uncertainty around the future of Elevidys hasn’t destroyed Roche’s belief in the potential of gene therapies, the Swiss company’s head of pharma has told Fierce Biotech, as the pharma continues to expand its research reach outside of its traditional oncology focus. Roche and its partner Sarepta Therapeutics both paused trials of Elevidys back in April following the death of a 16-year-old …