Business

The average interest rate for a 30-year fixed-rate mortgage rose to 7.31% this week, signaling a high not seen since the year 2000, according to the latest data by Freddie Mac.…

Dear reader,Karl Marx never said “property is theft”. The quote is often attributed to him by his co-religionists. No surprise there. Communists have a penchant for appropriating…

An inflation measure closely watched by the Federal Reserve ticked higher in August as steep prices continue to squeeze millions of U.S. households.  The personal consumption…

Xavier Niel is on track to have placed more than 40 per cent of Le Monde in a foundation by the end of the year, the newspaper’s chief executive has said days after the billionaire…

The U.S. housing market has been over the past year walloped by high mortgage rates and a worsening inventory shortage. It may soon face another obstacle; student loan…

Hello and welcome to the latest edition of the FT’s Cryptofinance newsletter. Scott’s away this week so you’ve got me, and I’m taking a look at the crypto-laden tension between the…

Affordability issues with used cars have been weighing on consumers already beaten down by inflation and high borrowing costs. CarMax highlighted the issue on Thursday, saying…

Receive free Personal Finance updatesWe’ll send you a myFT Daily Digest email rounding up the latest Personal Financenews every morning.Financial advisers must improve their…

United Auto Workers President Shawn Fain will address his membership via Facebook Friday morning at 10 ET, and a UAW source told FOX Business he will announce new strike…

Receive free Hino updatesWe’ll send you a myFT Daily Digest email rounding up the latest Hinonews every morning.Lossmaking Japanese truckmaker Hino Motors has humbled the world’s…