Art Cashin, UBS’ director of floor operations at the New York Stock Exchange who spent more than 60 years on Wall Street, has died aged 83. “It is with a heavy heart that I inform you of the passing of Arthur Cashin, Jr., a true giant in our industry, highly regarded market pundit,” Bill Carroll, head of sales and development at UBS Wealth Management USA, said in a memo to employees which was seen by Reuters on Monday. Cashin, dubbed ‘Wall Street’s version of Walter Cronkite’ by The Washington Post, was a regular on CNBC, delivering stock market commentary and analysis to the business news channel’s viewers for more than 25 years. He began his business career at Thomson McKinnon in 1959. In 1964, at age 23, he became a member of the NYSE and a partner of P.R. Herzig & Co. In 1980, Cashin joined investment bank PaineWebber and managed their floor operation. PaineWebber was acquired by UBS in 2000. At that time, the NYSE floor was the hub for the vast majority of all trading activity in the United States. Cashin was one of three senior executive floor governors and also served as a member of the Bond Club of New York. He was also part of the high-IQ society Mensa. In addition to his role at UBS, he is renowned for his daily newsletter, Cashin’s Comments, which has been published for over 25 years and reaches more than 100,000 readers daily. He has also been a regular on CNBC’s Art Cashin on the Markets, a segment airing several times a week, for more than two decades. “It’s fair to say that over this time, Art Cashin became a household name for investors across the country, who benefited from his savvy insight on the markets, good humor and wit, while being one of UBS’s strongest brand ambassadors,” the memo said. Cashin was born in Jersey City, NJ, in 1941, according to CNBC, which first reported on his death. CNBC did not immediately respond to a Reuters request for comment. Cashin’s family could not be reached for comment.ATLANTA (AP) — Even the woeful NFC South, where no team has a winning record, can’t hide the Atlanta Falcons’ offensive shortcomings. Three straight setbacks, including an ugly 17-13 loss to the Los Angeles Chargers, has left the Falcons 6-6 and feeling the pressure. Only a tiebreaker advantage over Tampa Bay has kept the Falcons atop the division. Now the Falcons must prepare to visit streaking Minnesota, which has won five straight . Veteran defensive tackle Grady Jarrett knows the Falcons must solve the flaws which have been exposed in the losing streak. “It’s now or never,” Jarrett said. “You have to flip the mindset fast.” Kirk Cousins threw four interceptions in the loss, matching his career high. Coach Raheem Morris said he didn’t consider playing rookie Michael Penix Jr. against the Chargers and won’t think about benching Cousins this week. Morris acknowledged the Falcons can’t expect to win when turning the ball over four times. It was the latest example of Atlanta’s offensive decline. In the three-game losing streak, Cousins has thrown six interceptions with no touchdowns. The Falcons were held under 20 points in each loss. What’s working If not for the rash of interceptions which has contributed to the scoring problems, more attention would be devoted to the surge of big plays on defense. The defense forced two fumbles and set a season high with five sacks, including two by Arnold Ebiketie. The Falcons ranked last in the league with only 10 sacks before finding success with their pass rush against Justin Herbert. Herbert was forced to hold the ball while looking for an open receiver, so some credit for the pass-rush success belongs to Atlanta’s secondary. The Falcons gave up only two first downs in the second half and 187 yards for the game. The AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . What needs help Cousins, 36, was expected to be the reliable leader on offense after he signed a four-year, $180 million contract. The four interceptions were his most since 2014 with Washington. Cousins now will be in the spotlight for all the wrong reasons as he returns to Minnesota, his NFL home from 2018-23. Cousins has thrown 13 interceptions, one shy of his career high set in 2022. His passer rating of 90.8 is his lowest since his 86.4 mark as a part-time starter in 2014 with Washington. “Certainly when you haven’t played at the standard you want to a few weeks in a row, you know, you do want to change that, turn it around,” Cousins said. Stock up Running back Bijan Robinson had his busiest day of the season, perhaps in an attempt to take heat off Cousins. Robinson’s 26 carries set a career high. He ran for 102 yards with a touchdown, his third 100-yard game of the season. He also was heavily involved as a receiver with six catches for 33 yards. With 135 yards from scrimmage, Robinson has eight games this season with more than 100 yards combined as a rusher and receiver, the second-most in the league. Stock down Tight end Kyle Pitts had no catches on only two targets. He has only six catches in the last four games after appearing to establish momentum for a big season with two seven-catch games in a span of three weeks in October. Morris noted the Falcons have “so many people that we’ve got to get the ball to” but noted he’d like to see Pitts more involved. Injuries Younghoe Koo’s hip issues were such a concern that kicker Riley Patterson was signed to the practice squad on Friday and added to the active roster Saturday. Patterson was on the inactive list as Koo was good on two of three field goals, missing from 35 yards. Koo has made 21 of 29 attempts this season. He did not have more than five misses in any of his first five seasons with Atlanta. Key number 70 — WR Drake London had nine receptions for 86 yards, giving him 70 catches for the season. London, a 2022 first-round draft pick, is the first player in team history with at least 65 receptions in each of his first three seasons. While Ray-Ray McCloud III led the team with a career-best 95 yards on four catches against the Chargers and Darnell Mooney has had some big games, London has been the most consistent receiver. Next steps The Falcons face a difficult test Sunday in their visit to Minnesota (10-2), which has five straight wins and is 5-1 at home. ___ AP NFL: https://apnews.com/hub/nflAustralia proposed a law on Monday that could impose fines of up to A$50 million ($33 million) on global technology companies if they suppress competition and prevent consumers from switching between services. The centre-left Labor government has targeted Big Tech's influence, and parliament passed a law last week that banned social media for children aged under 16. The proposed law would empower Australia's competition regulator to oversee compliance, investigate anti-competitive practices online and fine companies, Assistant Treasurer Stephen Jones said in excerpts of a speech due later on Monday. "The digital economy challenges our current legal framework," Jones will in the speech viewed by Reuters at the public policy research McKell Institute in Sydney. "The dominant platforms can charge higher costs, reduce choice, and use sneaky tactics to lock consumers into using certain products. Innovation outside of the established players becomes almost impossible." Apple, Google and Meta, which dominate app downloads and ad revenues, did not immediately respond when approached for comment on the proposed law. The consultation process is scheduled to end on Feb. 14 and more discussions will be done to prepare the draft legislation. The planned law, similar to the European Union's Digital Markets Act legislation, could make it easier for people to move among competing services, such as social media platforms, internet browsers and app stores. Based on advice from the Australian Competition and Consumer Commission, the government can pick platforms that pose the greatest risk of hurting competition. "Initially, we will look to prioritise app marketplaces and ad tech services for service-specific obligations," Jones will say. These specific obligations would restrict companies from pushing their apps with low user ratings to the top of their search list and prevent providing favorable treatment to their own services, compared with third parties. A competition commission report on digital platform services in 2022 showed Google controlled 93% to 95% of online search services in Australia, while Apple's App Store accounted for about 60% of app downloads and Google Play Store 40%. Meta Platforms' Facebook and Instagram together supplied 79% of social media services in the country.Scott Turner, President-elect Donald Trump choice to lead the Department of Housing and Urban Development, is a former NFL player who ran the White House Opportunity and Revitalization Council during Trump’s first term. Turner, 52, is the first Black person selected to be a member of the Republican’s Cabinet. Here are some things to know about Turner: From professional football to politics Turner grew up in a Dallas suburb, Richardson, and graduated from the University of Illinois Urbana-Champaign. He was a defensive back and spent nine seasons in the NFL beginning in 1995, playing for the Washington Redskins, San Diego Chargers and Denver Broncos. During offseasons, he worked as an intern then-Rep. Duncan Hunter, R-Calif. After Turner retired in 2004, he worked full time for the congressman. In 2006, Turner ran unsuccessfully as a Republican in California’s 50th Congressional District. Turner joined the Texas House in 2013 as part of a large crop of tea party-supported lawmakers. He tried unsuccessfully to become speaker before he finished his second term in 2016. He did not seek a third term. Motivational speaker and pastor Turner also worked for a software company in a position called “chief inspiration officer” and said he acted as a professional mentor, pastor, and councilor for the employees and executive team. He has also been a motivational speaker. He and his wife, Robin Turner, founded a nonprofit promoting initiatives to improve childhood literacy. His church, Prestonwood Baptist Church, lists him as an associate pastor. He is also chair of the center for education opportunity at America First Policy Institute, a think tank set up by former Trump administration staffers to lay the groundwork if he won a second term. Headed council in Trump’s first term Trump introduced Turner in April 2019 as the head of the new White House Opportunity and Revitalization Council. Trump credited Turner with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” The mission of the council was to coordinate with various federal agencies to attract investment to so-called “Opportunity Zones,” which were economically depressed areas eligible to be used for the federal tax incentives. The role of HUD HUD is responsible for addressing the nation’s housing needs. It also is charged with fair housing laws and oversees housing for the poorest Americans, sheltering more than 4.3 million low-income families through public housing, rental subsidy and voucher programs. The agency, with a budget of tens of billions of dollars, runs a multitude of programs that do everything from reducing homelessness to promoting homeownership. It also funds the construction of affordable housing and provides vouchers that allow low income families pay for housing in the private market. During the campaign, Trump focused mostly on the prices of housing, not public housing. He railed against the high cost of housing and said he could make it more affordable by cracking down on illegal immigration and reducing inflation. He also said he would work to reduce regulations on home construction and make some federal land available for residential construction. ———
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Caprock Group LLC Has $522,000 Stock Position in MGM Resorts International (NYSE:MGM)Archer Aviation Midnight flight test It has been a turbulent 30 days in the stock market for Archer Aviation ( ACHR ), one of several hopefuls in the emerging electric air taxi field. On November 5th, its share price clocked in at $3.25. By one point on November 29th, it was priced at $9.75, a 200% increase in just over 3 weeks. On that day alone, the stock closed up 18% from the previous day’s close. But quicker than you can say electric vertical takeoff and landing (eVTOL), the stock price lost a quarter of its value the very next day the market was open on December 2nd. This segment of the aviation industry caught fire as the next big thing. Visions of thousands of these tiny vehicles swooping down to pick up passengers Uber-style and dropping them off at their urban destination were stoked throughout the investment community. Some estimate that over 300 startups with a better mousetrap evolved, with billions of dollars pouring into the programs deemed most feasible. What wasn’t always counted on was the sheer amount of time and money it takes to certify something new in civil aviation for passenger use. This was further complicated by the implications of novel technologies, ground and airspace infrastructure, and regulatory hurdles that first needed to be addressed. Hundreds of millions of dollars weren’t sufficient for an entrant to cross the finish line - it was on the order of billions with a potential time horizon upwards of a decade. Archer Aviation got started to get traction in 2018, and by 2021 had built a team, dialed in a design, obtained an order from United Airlines, and became publicly listed on the the NYSE. By 2023 they were flying a prototype model named Midnight and upped their total funding to $1.1 billion. Looking at Archer’s latest financials for the third quarter of this year, a net loss of $115M was realized, compared to $97M the year earlier. This is on the heels of a $116M loss for the first quarter and a $107M loss for the second for a 9-month loss of $338M. Aviation manufacturing, particularly for an early-stage entrant, is a very capital-intensive endeavor. Save Up To 75% With The Best Black Friday Clothing Deals That Are Still Running 10 Unofficial Hoka Cyber Week Sales You Don’t Want To Miss Despite this, the stock price had a nice run for most of November, nearly doubling in value. In addition to the 3Q financial report, the only meaningful news release during this time was a potential order for up to 100 Midnight aircraft from a Japanese joint venture. However, this only involved a right to place an order, not a firm order. This certainly wasn’t enough to move the needle by a factor of two. A more plausible explanation for the rise was that the stock became a meme, where just like AMC and GameStop, individual investors were creating a “short squeeze”, causing financial institutions who had bet the stock would go down to cover their positions by buying more stock at a higher price. Another driver could have been some positive stock picker comments on the segment which may have triggered a fear of missing out stampede. As for the 25% single-day loss, car maker Stellantis, maker of such brands as Dodge, Jeep and Chrysler, had invested millions to date and was to provide another funding round of close to $400M to help scale up Archer’s manufacturing. But Stellantis hasn’t been having a good day at the office this year with overloaded dealer lots stuffed with overly expensive inventory out of touch with today’s cautious consumer tastes. The final shoe dropped when the Stellantis CEO was suddenly ousted, causing both the automaker’s stock and Archer’s stock to tumble. There now seems to be investor uncertainty in Stellantis’ future commitment to a non-core aviation gamble. Archer Aviation was contacted but has not yet provided comment. There will certainly be some more volatility in the days to come as the uncertainty of Stellantis and the viability of the eVTOL business model battle with meme stock mania. Elsewhere in the industry, Lilium Air Mobility recently filed for bankruptcy, perhaps a harbinger of an impending culling of the herd.US ambassador praises charity founded by Gordon Brown
Live streams of Taylor Swift’s sold-out Eras Tour concerts in Toronto give devoted fans a window into the spectacle of outfits, surprise songs and elaborate stages from one of the biggest cultural events in recent memory. As the massive tour inches toward its final three shows in Vancouver early next month, feeding Swifties’ insatiable appetite has become a nightly tradition for a handful of live stream hosts based all over the world. They act as ringleaders for tens of thousands of viewers witnessing Swift’s constantly evolving show through unofficial channels. “I never saw it being as big as it is,” said Tess Bohne, one of the personalities credited as a pioneer of the Swift live streams. “There is a big idea of community (and) being present without being there.” Broadcasting unauthorized concert live streams on social platforms such as TikTok, Instagram and Facebook isn’t an entirely new phenomenon, but it’s one that’s been amplified with Swift’s tour. As their popularity grows, the streams are sparking conversations about copyright law and the delicate balance between protecting intellectual property and allowing listeners to embrace their fandom. “We’ve gone beyond art being a one-way conversation from the artist to the audience,” said Jay Kerr-Wilson, an IP lawyer and co-leader of Fasken’s Technology, Media and Telecommunications Group in Ottawa. “Copyright owners, generally speaking, are being more flexible and they’re not necessarily (thinking) black-and-white.” Representatives for the singer did not respond to requests for comment. For fans, the lines are already blurred. Bohne got wrapped up in the Swift live-streaming phenomenon nearly two years ago after she attended the second night of the Eras Tour, in Glendale, Ariz., and found herself consumed by the experience for days afterward. “(Often) you go to a concert and you’re like, ‘That was great, let’s move on with my life,’” the 33-year-old explained in a video call from Salt Lake City. “But there was something different. It was like, ‘No, that wasn’t enough. I’m not done.’” Eager to relive the high she felt, Bohne chased down the TikTok profiles of fellow Swifties streaming other stops on the tour. With little technical experience, she began rebroadcasting their videos, with credit, on her own TikTok profile. She would place an iPad playing their feed in front of her phone’s camera, and then swap it out with her other iPad when she found a user with a better angle of the concert. The crude setup initially drew a few thousand viewers, she said, and with more effort put into the productionher audience has grown to 100,000 to 200,000 during peak moments. Since her initial broadcast, Bohne estimates she’s streamed more than 110 of Swift’s concerts in a split-screen format, streaming the concert in one corner and munching on snacks in the other while discussing all things Swift with a chat room of strangers. Some fans donate cash, and her social media status has helped attract influencer partnerships. But the stay-at-home mom of three children said this is primarily a labour of love. Bohne is credited by many of her contemporaries as the one who inspired them to take a shot at hosting their own Eras Tour with live commentary. “A lot of people say it’s like religion for them,” explained Lucas Chalub, a Twitch streamer and longtime Swiftie. Chalub first experimented with hosting streams in August 2023. Rumours swirled that the singer might announce the release date for one of her re-recorded albums on stage in Los Angeles, so many Swifties sought out live feeds, which included his impromptu setup that night. “A lot of people joined,” remembered the 27-year-old sports journalist from Argentina. “That’s the first night that I said, ‘Why not do this every night?’” Chalub said he usually draws on streams from 10 to 15 concertgoers who are often aware their recordings might get picked up by the streaming hosts. Many bring power banks to recharge their devices and sometimes a backup phone. “We are not the heroes that people think we are,” Chalub added of his fellow streamers, crediting fans on the ground who do their work pro bono. “The real heroes are the people in the venue spending — or wasting — their time trying to live stream for us instead of enjoying the show.” The legality around live streaming Swift’s concerts is murky. In the simplest terms, the rebroadcasting of copyrighted music without a licence isn’t allowed, and platforms such as YouTube and TikTok have sometimes shut down live feeds mid-stream at the behest of record labels. It happened to Ammir Shar, a 25-year-old streamer from Blackpool, U.K., who saw his YouTube feed for the fourth Toronto concert yanked down while the show was in progress. Hosts say they worry about racking up too many takedown notices, which can risk permanently shutting down their channels. Usually after a live stream ends, they delete the footage from platforms like YouTube. However, they say attempts to silence them won’t amount to much. When one streamer falls, sometimes two others turn up. Copyright owners are still grappling with that perspective, especially when unsanctioned live streams can impact other financial stakes, said Kerr-Wilson. In Swift’s case, she sold the streaming rights to her “The Eras Tour” film to Disney Plus for US$75 million. Arguably, the lawyer suggested, a company might take issue with similar options on the market, such as a live stream. But even that seems to be an evolving conversation. “People have realized that social media and user-generated content isn’t the enemy, and, in fact, can be a powerful way to engage with fans and to be part of the conversation,” he said. “I think the trend is going to continue.” While Swift hasn’t publicly said much about the streams, several streamers believe she is aware of them. They also argue the vast majority of people tuning into their feeds already have an investment in Swift’s success. Last November, a group of technologically savvy Swifties launched Swift Alert, a phone app that sends out alerts for the highlights of each Eras Tour show. Inside the app, the creators also launched a game called Mastermind — named after a Swift song, of course — where fans can win prizes by guessing which of Swift’s rotating selection of outfits she’ll wear for each “era” of her performance. Using Swift Alert in tandem with the live streams, many fans tune in for the standout moments of the three-hour concert. “A lot of people compare it to fantasy football,” Shah said. “This kind of stuff brings us closer together.” With the Eras Tour set to end in Vancouver on Dec. 8, many live streamers say they’re uncertain how the future looks. Recently, Bohne experimented with a live stream from pop singer Meghan Trainor’s concert to see if there’s similar interest. While it was enjoyable, she said the experience wasn’t quite the same. Others have started streaming Sabrina Carpenter’s Short n’ Sweet Tour. They say her shows are closest to Swift’s because Carpenter is a natural at witty banter, performs nightly surprise songs and changes up her outfits. “I’ve considered doing a few other (musicians, but they) are more like normal concerts — the artist on the stage with a microphone in one outfit, just singing their songs,” said Shah. “It’s not something that people at home will be like, ‘What outfit is she going to wear?’” Some wonder how live streaming will look without the intrigue of Swift’s tour. Added Bohne: “No concert is like The Eras Tour.”CHICAGO (AP) — Mark Scheifele snapped a third-period tie and Kyle Connor had two assists, helping the Winnipeg Jets beat Chicago 4-2 on Saturday in the first game for interim Blackhawks coach Anders Sorensen. Mason Appleton had a goal and an assist as the Jets picked up their second straight win after a four-game losing streak. Nino Niederreiter and Gabriel Vilardi also scored, and Connor Hellebuyck made 12 saves. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
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WILMINGTON, N.C. (AP) — Dior Conners led Appalachian State with 19 points and Myles Tate made a jumper from the free-throw line with 25.1 seconds left as the Mountaineers knocked off Sam Houston 66-63 on Wednesday night. Conners shot 4 of 9 from the field, including 2 for 5 from 3-point range, and went 9 for 10 from the line for the Mountaineers (4-2). Tate scored 17 points, going 6 of 14 from the floor, including 3 for 6 from 3-point range, and 2 for 4 from the line. Jackson Threadgill had 11 points and shot 4 for 11, including 1 for 3 from beyond the arc. Lamar Wilkerson led the way for the Bearkats (3-3) with 22 points. Marcus Boykin added 11 points, five assists and four steals for Sam Houston. Dorian Finister also had 10 points and seven rebounds. Threadgill scored nine points in the first half and Appalachian State went into the break trailing 33-30. Tate scored a team-high 10 points for Appalachian State in the second half. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Coterra Energy Inc. stock underperforms Monday when compared to competitorsUS wholesale inflation accelerated in November in sign that some price pressures remain elevated WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before. Measured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023. Higher food prices helped fuel the November wholesale inflation reading, which was higher than economists had expected. Senate begins final push to expand Social Security benefits for millions of people WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people. Senate Majority Leader Chuck Schumer began the process on Thursday for a final vote on the bill, known as the Social Security Fairness Act. It would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people. The legislation has passed the House. The bill would add more strain on the Social Security Trust funds, which are already estimated to be unable to pay out full benefits beginning in 2035. The measure would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office. IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS Commissioner Danny Werfel said improvements made to the agency will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscure The first guest invited to ring the bell at the New York Stock Exchange in 1956 wasn’t a company executive, a politician or a celebrity. It was a 10-year-old boy, Leonard Ross, who received the honor by winning a television quiz show. Since then, business titans, political giants and global film stars have all been among those ringing the opening bell at the NYSE. Ronald Reagan rang the bell as president in 1985. Billionaire businessman and former New York City Mayor Michael Bloomberg and Hollywood star Robert Downey Jr. have also rung the bell. The even list includes famous Muppets: Miss Piggy was once a bell ringer. Trump is named Time's Person of the Year and rings the New York Stock Exchange's opening bell NEW YORK (AP) — President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being recognized by Time magazine as its person of the year. The honors Thursday for the businessman-turned-politician are a measure of Trump’s remarkable comeback from an ostracized former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November. At the stock exchange, Trump was accompanied by his wife, Melania Trump, daughters Ivanka and Tiffany and Vice President-elect JD Vance. Trump grinned as people chanted “USA” before he opened the trading day and raised his fist. Ontario to restrict electricity exports to US and bar American-made alcohol if Trump tariffs applied TORONTO (AP) — A senior official in Canada’s most populous province says that Ontario could bar American-made alcohol and restrict electricity to three U.S. states if President-elect Donald Trump imposes sweeping tariffs on all Canadian products. The states are Michigan, New York and Minnesota. An official in Ontario Premier Doug Ford’s government said Thursday that it's contemplating restricting Ontario's liquor control board from buying American-made alcohol. Ontario is also considering restricting exports of Canadian critical minerals required for electric vehicle batteries. Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record NEW YORK (AP) — U.S. stock indexes fell following some potentially discouraging data on the economy. The S&P 500 slipped 0.5% Thursday for its fourth loss in the last six days. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. Reports in the morning showed more U.S. workers applied for unemployment benefits than expected, while inflation was hotter at the wholesale level than economists had forecast. Adobe helped drag the stock market lower after giving forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline The average rate on a 30-year mortgage in the U.S. has eased for the third week in a row. That's a welcome trend for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. Mortgage buyer Freddie Mac said Thursday that the rate dropped to 6.6% from 6.69% last week. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, including the moves in the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. YouTube TV is hiking its monthly price, again. Here's what to know NEW YORK (AP) — Are you a YouTube TV subscriber? Your monthly bills are about to get more expensive again. YouTube has announced that it’s upping the price of its streaming service’s base plan by $10 — citing rising content costs and other investments. The new $82.99 per month price tag will go into effect starting Jan. 13 for existing subscribers, and immediately for new customers who sign up going forward. YouTube TV has rolled out a series of price hikes over the years. When launched back in 2017, the going price of its streaming package was $35 a month. By 2019, that fee rose to $50 — and has climbed higher and higher since. The White House is cracking down on overdraft fees NEW YORK (AP) — The Consumer Financial Protection Bureau said Thursday it's capping overdraft fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration. President Joe Biden had called the fees, which can be as high as $35, “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place.Scheifele scores as the Jets beat the Blackhawks 4-2 in Sorensen's first game
NoneWisconsin court ruling restores collective bargaining rights in major win for union, workers