The average rate on a 30-year fixed mortgage fell this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.37%.
PepsiCo reports stronger results as snack demand begins to recover, driven by affordability efforts, though its beverage segment continues to lag.
IEA director says Europe has about six weeks of jet fuel remaining as the Strait of Hormuz crisis sparks what he calls the largest energy crisis ever.
New York policymakers push higher taxes on wealthy nonresident homeowners, intensifying the debate over revenue, housing and economic competitiveness.
Spirit Airlines faces mounting challenges as higher fuel costs threaten its restructuring plan and raise doubts about its financial recovery.
Honda is recalling more than 440,000 Odyssey minivans after a software flaw caused airbags to deploy unexpectedly, with regulators linking the issue to dozens of injuries.
The Trump administration is turning to automakers and manufacturers to boost weapons production in a World War II-style Pentagon push, officials say.
