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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

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US mortgage rates drop below 7% for first time since March

U.S. mortgage rates declined below 7% last week for the first time since March, spurring back-to-back increases in financing applications for home purchases. The contract rate on a 30-year fixed mortgage decreased 8 basis points to 6.94% in the week ended June 14, according to Mortgage Bankers Association data released Wednesday. The five-year adjustable-rate mortgage slid 18 basis points to ...
News >  Business

Boeing lost track of up to 400 bad 737 parts, whistleblower says

A Boeing Co. quality inspector alleged that the planemaker mishandled and lost track of hundreds of faulty parts, some of which he said may have been installed on new 737 Max planes, the latest revelation by a whistleblower pointing out possible misconduct at the manufacturer.
News >  Business

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?

Millions of American families are hitting the road to start summer vacation, and ordering food on the run tends to be par for the course. It couldn't come at a better time. Fast food joints are in the midst of a budget-meal war, offering promotions to lure customers back to their restaurants despite inflation woes and a minimum-wage increase in California and other states.
News >  Business

When will America get its $25,000 electric car?

Electric-vehicle prices are falling fast in the U.S., but the cheapest models remain far more costly than what other countries have on offer. The BYD Seagull sells for about $10,000 in China, the Dacia Spring starts at $20,000 in Europe, the Renault Kwid e-Tech costs $19,000 in Brazil, and the Kia Ray goes for $22,000 in South Korea.