The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August. The rate rose to 6.44% from 6.32% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.63%. Mortgage rates are influenced by several…… MORE
US Shoppers Spent More at Retailers Last Month in Latest Sign Consumers Are Driving Growth
WASHINGTON (AP) — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September, up from 0.1% the previous month and the third straight increase. Online retailers, restaurants,…… MORE
Big Tech’s Energy Needs Mean Nuclear Power is Getting a Fresh Look From Electricity Providers
NEW YORK (AP) — Nuclear power is garnering renewed attention amid growing demand for power and cleaner energy. The power source has seen a resurgence as nations focus on reducing emissions in an effort to combat climate change. At the same time, the technology sector’s energy needs are growing in the form of data centers…… MORE
Netflix’s Subscriber Growth is Slowing, but Its Profit and Stock Price Are Still Surging
Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the…… MORE
Supreme Court Allows Rule Limiting Pollution From Coal-Fired Power Plants to Remain in Effect
WASHINGTON (AP) — The Supreme Court has allowed a Biden administration rule aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges play out. The court on Wednesday rejected a push from Republican-led states and industry groups to block the Environmental Protection Agency rule. One conservative justice publicly dissented…… MORE
US Filings for Jobless Applications Retreat Back to Recent Ranges After Big Jump Due to Hurricanes
The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big jump the week before due to hurricanes in the Southeast. The Labor Department reported Thursday that applications for jobless claims fell by by 19,000 to 241,000 for the week of Oct. 12. That’s well below…… MORE
Meta Lays Off Staff at Whatsapp and Instagram to Align With ‘Strategic Goals’
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.” A Meta spokesperson confirmed in a statement that some teams were making changes to align with their long-term goals and location strategy. The Verge, who first reported the layoffs, said cuts were made…… MORE
Texas Appeals Court Reverses Judge’s Order to Delay Execution in Shaken-Baby Case, Last Appeal Filed
HUNTSVILLE, Texas (AP) — A Texas appeals court has reversed a judge’s order to delay Thursday’s scheduled execution of a man who would become the first person in the U.S. to be put to death for a murder conviction tied to a diagnosis of shaken baby syndrome. The ruling by the Texas Court of Criminal…… MORE
DFW’s Morning News-SPCA Pet of the Week-Johnny Cash
DFW’s Morning News meets Johnny Cash, our SPCA of Texas Pet of the Week.… MORE
DFW’s Morning News Jerry Jones’ Rant
DFW’s Morning News discusses Cowboys Owner Jerry Jones’ comments with local radio hosts.… MORE
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