Business News [UP]

Mortgage applications dropped last week as interest rates continued to climb, pushing more homebuyers toward risky adjustable-rate mortgages....Read More

The increase in prices at the wholesale level suggest inflation is persistent, contrary to early-year sentiment....Read More

A new spacesuit is in the works for NASA, intended to better fit the proportions of astronauts, including women headed into space....Read More

Consumer expectations over inflation eased a bit last month to 5.4% by next year, but tumbled when it came to household spending, according to the latest New York Fed survey of Consumer Expectations....Read More

British businessman Graham Bonham-Carter has been arrested for violating the U.S. sanctions against Russian oligarch Oleg Deripaska. Bonham-Carter’s accounts were previously frozen due to his links to Deripaska....Read More

South Korea’s Samsung Electronics announced Friday that its third-quarter operating profit is expected to be $7.66 billion, down a whopping 31.7% from a year ago....Read More

Grid resiliency is on the mind of General Motors with its new, broad-based energy offering....Read More

The country’s third largest freight rail union has become the first of a dozen labor groups to vote down a tentative agreement brokered by the Biden administration to avert a nationwide railroad strike....Read More

More than 1,000 oil workers in Iran joined anti-government protests, over alleged human rights violations and the death of Mahsa Amini, as ongoing demonstrations start to hit vital sectors of the economy....Read More

Germany proposes to cover most of consumer energy bills through what’s expected to be a rough winter heating season....Read More