Business

Mortgage rates see biggest one-day drop in over a year

A sign is posted in front of a home for sale on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It marks the... Read More

Business

September 5, 2025

How a VC and Former Googler Built an AI-Powered Podcast Scanning App

During a recent interview with venture capitalist Tomasz Tunguz, he mentioned something that really caught my attention. We were discussing AI coding technology and how these tools are changing the buy-versus-build equation in software. It’s much easier to write software now, so more people are doing it themselves, rather than buying expensive, janky SaaS offerings.... Read More

Business

September 5, 2025

August Jobs Report: Growth Below Forecast, Unemployment Increased

The US added 22,000 jobs in August, badly missing the expected 75,000, and unemployment increased to the highest rate since 2021. Unemployment rose from 4.2% to 4.3%, as expected. The rate had been relatively low but at least 4% since May 2024. Before the release, parts of the BLS’ website were reportedly offline. That glitch... Read More

Business

September 5, 2025

Nobel winner Joseph Stiglitz has a warning for bond investors

U.S. long-term borrowing costs came under pressure this week — but the bond market may still not be fully factoring in the fiscal challenge facing the world’s biggest economy, according to Nobel-winning economist Joseph Stiglitz. “I think we’ll be able to finance the U.S. government,” Stiglitz told CNBC’s Steve Sedgwick on Friday at the annual... Read More

Business