Business News [UP]

A tighter-than-expected labor market and hawkish Federal Reserve officials drove stocks down sharply Thursday to continue their decline after Wednesday’s rally....Read More

Mortgage rates rose for the sixth straight week, with a 30-year fixed-rate mortgage averaging 6.7%, Freddie Mac announced Thursday....Read More

Peloton and Dick’s Sporting Goods announced Thursday that Peloton will sell its original bike and other products at more than a hundred Dick’s retail locations....Read More

People filing unemployment claims for the first time fell 16,000 to 193,000 last week, the first time that number dropped under 200,000 since May, according to the latest figures from the Labor Department on Thursday....Read More

Virgin Atlantic unveiled its new uniform policy that will allow the airline’s pilots, cabin crew and ground staff to wear whichever uniforms, the red skirt or burgundy trousers, that suit their identity....Read More

Regions Bank was ordered to pay at least $191 million in penalties and refunds for charging customers surprise overdraft fees....Read More

U.S. Vice President Kamala Harris is in Japan to discuss ways to improve the supply chain for semiconductors and related technology....Read More

The Bank of England said Wednesday it will start temporarily purchasing long-dated British government bonds to ease market instability....Read More

The Dow Jones Industrial Average and S&P 500 fell for the sixth straight day Tuesday to new bear market lows as Wall Street continued its tumultuous ride amid fears of a recession....Read More

A nonprofit legal group that aims to fight “government overreach” sued the U.S. Department of Education on Tuesday, seeking to block the Biden administration’s move to forgive up to $20,000 in student debt per borrower....Read More