An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed mortgages, which are popular with first-time home buyers and those with poor credit.
ALBANY, N.Y. | It will be a happy new year indeed for millions of the lowest-paid U.S. workers. Nineteen states, including New York and California, will ring in the year with an increase in the minimum wage.
Boeing Chief Executive Officer Dennis Muilenburg called on President-elect Donald Trump and Congress to ensure that U.S. companies have the tools necessary to compete in a global economy, from a reformed tax code to financial support from the moribund U.S. Export-Import Bank.
HOUSTON | BP plans to make a $9 billion investment to drill in the deep waters of the Gulf of Mexico, one of the energy industry’s biggest moves yet back into the frontiers of exploration and another sign that the tentative oil market recovery is gaining traction after a long downturn.
Sirius XM Holdings Chairman Greg Maffei recently approached Pandora Media’s board to express renewed interest in a takeover of the internet radio provider, according to people familiar with the matter, following up on its offer from earlier this year.
WASHINGTON | Many black Americans and people with only a high school education found jobs in November, helping reduce their unemployment rates to levels seen before the Great Recession ravaged the U.S. job market.
BERLIN | German businesses remained optimistic in November following the election in the U.S. of Donald Trump as president, but began showing possible signs of concern about the future, a closely watched survey showed Thursday.