Here's a quick look at some of the top business and financial news stories making headlines today.
Mortgage Rates Offer Relief to Home Buyers
Good news for prospective homeowners! Mortgage rates have fallen for the sixth consecutive week, offering some much-needed financial relief to home buyers. This decrease is impacting the income required to purchase homes at various price points, such as $250,000, $400,000, and $1 million. This could be a great opportunity for those who have been waiting for the right time to enter the housing market.
Lester Holt Ends Tenure at NBC Nightly News
After a decade as news anchor, Lester Holt is stepping down from NBC 'Nightly News.' The news mogul revealed he has had an ‘amazing ride’ with the network. During his time at NBC, Holt also amassed an impressive property portfolio. His departure marks the end of an era for the network. "It's been an honor to serve the American public," Holt stated in a recent press release.
Walgreens Could Go Private in $10 Billion Deal
Drugstore chain Walgreens Boots Alliance Inc. is reportedly nearing a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm. This deal would take Walgreens private and potentially lead to a breakup of the company.
Treasury Yields Plunge Amid Tariff Fears
Treasury yields have recently fallen to near three‐month lows amid rising concerns about economic growth. The decline is largely attributed to the tariffs imposed by President Trump, which have increased fears among investors about a slowdown in economic expansion. Analysts are closely monitoring the situation.
Social Security Administration on 'Autopilot'?
The Social Security Administration has been operating on 'autopilot,' according to the acting commissioner, resulting in over $800 million in costs. These costs are attributed to cuts in payroll, information technology, security, and travel. This revelation raises concerns about the efficiency and oversight of the agency.
Stay tuned for more updates on these and other developing stories.