Business

Average long-term US mortgage rate at highest level in nearly 3 years

Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac said Thursday. One year ago, ...

Wall Street retreats from its record as stocks fall worldwide

NEW YORK (AP) — U.S. stocks pulled back from their record on Wednesday. The S&P 500 slipped 0.2%, a day after topping its prior all-time high set in August. The Dow Jones Industrial Average dropped 341 points, or 0.7%, while the Nasdaq composite fell 0.2% from its own record. Stocks ...

ABC, FCC battle in federal court over issues of free speech and jurisdiction

WASHINGTON (AP) — A lawyer for ABC on Tuesday asked a federal judge to prevent the Trump administration from conducting an unusual, early review of its broadcast licenses, likening it to a looming execution by guillotine that was already chilling the network's editorial decisions just weeks ...