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Business

Average Long-Term Mortgage Rate At Lowest Level In Six Weeks

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell for the third straight week, to 6.32%, from 6.42% ...

Gov’t To Start Looking For Small Business Lending Bias

NEW YORK — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday. It’s a move that policymakers hope will lead to less discrimination and more transparency in the ...

Former IBM CEO Talks Tech

SAN FRANCISCO — The buzz surrounding artificial intelligence and the mass layoffs roiling the technology industry resonates with Ginni Rometty, whose nearly 40-year career at IBM culminated in her becoming CEO in 2012. Just before Rometty became IBM’s first woman CEO, the company’s ...

Cornell Names IPM Director

Cornell Cooperative Extension of Chautauqua County’s partner, the New York State Integrated Pest Management Program, has appointed German Vargas as its first grape IPM coordinator. As a part of the third largest wine-producing state in the nation, New York grape growers work nearly 35,000 ...

Last Call

DETROIT — The last gas-powered muscle car from Dodge isn’t leaving the road without some squeals, thunder and crazy-fast speed. The 2023 Challenger SRT Demon 170 will deliver 1,025 horsepower from its 6.2-liter supercharged V-8, and the automaker says it will be the quickest production ...

Ford Says EV Unit Losing Billions Of Dollars; Should Be Seen As Startup

DETROIT — Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released Thursday as Ford rolled out a new way of reporting ...