Business

For borrowers in a still-hot housing market, getting approved for a mortgage can be a challenge. Mortgage rates have soared from pandemic-era lows, home values are near record highs and home price appreciation is outpacing wage growth.

Rebecca Wadsworth has a “love/hate relationship” with Amazon Prime. She and her husband spend between $1,000 and $2,000 a month on Amazon, charging it to their Amazon credit card. They buy a wide range of items — body wash, shampoo, vitamins, dog food, even clothing and shoes — and packages arrive at their Philadelphia home several times a week.

When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: “looking out for people, not big banks, not lenders, not investment houses.”

Washington state Insurance Commissioner Mike Kreidler announced Wednesday that he sent letters to insurers in the Spokane area urging them to make it easier for victims to file claims resulting from the Gray and Oregon Road fires that devastated rural areas last summer.

Teamsters Union workers at Anheuser-Busch on Tuesday voted in lopsided numbers to ratify a new five-year contract. The union announced that the deal got 86% support from rank-and-file members.

Four years ago, Netflix was faced with a formidable challenge to its dominance. Competitors including Walt Disney Co. and Warner Bros. Discovery invested billions of dollars to chip away at Netflix's market share by launching splashy shows on their own streaming services. For a time, it seemed that Netflix was vulnerable. The company lost subscribers for two straight quarters in 2022 despite gargantuan spending, raising concerns that its growth had plateaued.

More than a decade ago, when online retailer Zulily was getting off the ground, it had the culture, chaos and capital of a high-flying startup. A few years after its launch, Zulily would be known to startup watchers for its status as a "unicorn," industry lingo reserved for the select few ventures that reach a $1 billion valuation, and its sky-high initial public offering. But that rise was short-lived.

General Motors Co.'s hydrogen fuel cell business is working on a $65 million pilot program for hydrogen-based worksite products centered around medium-duty, fuel-cell powered trucks, the company said Tuesday.

Target executives unveiled a revamped loyalty program and said they plan to add 300 new stores over the next decade at an investors meeting in New York.

The nation’s 10 largest airlines canceled just over 1% of flights last year, marking a decade low in disruptions to travelers’ vacation and business plans, according to year-end data from the U.S. Department of Transportation.

For more than a decade, poultry farmers across the U.S. fought for financial protections from the big agriculture companies that they not only rely on but sometimes fear. Less than a month after those protections went into effect, some members of Congress and agricultural trade groups are pushing to take them away. 

White collar workers at UPS streamed back into the office on Monday, the first day a new policy requiring them to come in person five days a week took effect.

American Airlines is placing a massive order for 260 jets to fill travel demand for more domestic and short-haul international routes.

JetBlue Airways and Spirit Airlines announced Monday they have dropped plans to merge in a transaction that would have created the nation’s fifth-largest carrier.

Saudi Arabia said firms including Amazon Web Services will invest over $10 billion in building data centers in the country as the desert kingdom tries to modernize and diversify its oil-dependent economy.

The European Commission fined Apple nearly $2 billion Monday for “abusing” its control over music streaming services by squelching competition through its app store, a major broadside as regulators around the globe push to rein in the tech giant’s alleged antitrust violations.