Business

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

OMAHA, Neb. — Shareholders of Union Pacific and Norfolk Southern backed the railroads' proposed $85 billion merger to create the nation's first coast-to-coast rail network. Roughly 99% of both railroads' shareholders voted to support the largest rail merger in history Friday, but the U.S. ...

IRS boosts contribution limits for 401(k) retirement plan savers

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Thursday the maximum contribution that an individual can make in 2026 to a 401(k), 403(b) and most 457 plans will be $24,500. That's up from $23,500 this ...

Average US long-term mortgage rate rises again, inching up to 6.24%

The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, though it remains near its low point so far this year. The average long-term mortgage rate ticked up to 6.24% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...