Housing market will lead us into a recession, and will lead us out: MBA forecast

While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.

King’s Hawaiian bakery announces $85M Georgia expansion, hiring 160

King's Hawaiian plans to expand its major East Coast baked goods production plant in Hall County and will hire more than 160 new employees next year.

Ralph Lauren, Fortnite announce digital apparel collaboration

Ahead of the digital clothing and accessories launch, Ralph Lauren will launch a physical collection that will closely match its digital counterparts on Fortnite.

Personal loan interest rates at near-record gap with credit cards, boosting savings opportunity

The interest rate on personal loans is much lower than the one on credit cards, according to the Federal Reserve Bank of St. Louis. Here’s how you can use these lower interest rates to pay down debt.

Home prices to decline in 2023, recession ahead: Fannie Mae forecast

Fannie Mae forecasted that home prices will fall in 2023 and that GDP could contract once again at the end of this year. And while it predicted that a recession next year could be mild, it said there are still risks that could create a larger financial crisis.

Victoria's Secret to buy online lingerie startup Adore Me for $400M

Adore Me, a lingerie startup known for its wide array of sizes, offers “Home Try-On” and monthly subscription options.

Biden administration relaxes rules for student debt forgiveness

Education Secretary Miguel Cardona called it a “monumental step" that will make it faster and simpler to get debt relief.

Toyota to limit smart keys to 1 per new vehicle sold, due to semiconductor shortage

In an effort to ration semiconductors, Toyota Motor Corp. reportedly announced Thursday that it would replace one of the two "smart" keys it delivers in Japan with a mechanical one. 

Elon Musk now in control of Twitter, fires top executives, AP sources say

Elon Musk ousted Twitter CEO Parag Agrawal, as well as the chief financial officer and the company’s top lawyer, two people familiar with the deal said.

Home price growth slips in August for fourth consecutive month: CoreLogic

Annual home price growth slowed in August for the fourth consecutive month, but still posted double-digit gains, according to CoreLogic. Here's how to tap into your equity gains.