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In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac, Michigan-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion.

The merger combines United Wholesale Mortgage with Two Harbors, a real estate ...Read more

An Amazon warehouse near the gates of Los Angeles International Airport has sold for a record price as logistics centers near transportation hubs grow in value.

The real estate investment arm of global financial services firm Morgan Stanley recently paid $211 million for the distribution center on 98th Street amid several private long-term ...Read more

PayPal Holdings Inc. applied to become a bank in the U.S., looking to take advantage of the Trump administration’s openness to financial-technology companies entering the banking system.

The payments-focused firm submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-...Read more

Most Americans feel uncomfortable with their emergency savings — and for good reason. According to Bankrate’s latest research, building a financial cushion feels impossible when you’re drowning in forgotten subscriptions, overpaying for everything and manually tracking expenses that slip through the cracks.

AI-powered finance apps solve ...Read more

The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to guide his deeply divided committee toward a consensus over how to manage an economy suffering from both higher inflation and unemployment.

The Federal Open Market Committee (FOMC) in December reduced its benchmark ...Read more

Private health insurance premiums will be going up in 2026 — in some cases, by a lot.

Congressional Democrats and Republicans remain deadlocked on health care reform, following disagreements over America’s health insurance marketplace that contributed to November’s government shutdown. At the heart of the issue is the extension of the ...Read more

PITTSBURGH — When Destenie Nock was in graduate school, earning her doctorate in industrial engineering at the University of Massachusetts Amherst, her electricity was shut off for nonpayment.

She and her roommates prioritized paying for fuel deliveries to their oil-heated home and had trouble catching up on other utility bills.

It wasn't ...Read more

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger.

Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from ...Read more

DETROIT — Marie Shoulders of Detroit has a penny purse, a penny jar and a small penny pouch.

As a self-confessed penny hoarder, she wasn't surprised to hear about the scarcity of the reddish-brown copper-and-zinc coins.

"The pennies are short because people have them at home in they drawers, purses and everywhere. I keep them. ... There's ...Read more

A pro-housing group sued Gov. Newsom on Wednesday over his decision to restrict SB 9, a housing law that allows owners to parcel up their properties, in the wake of the January fires.

YIMBY Law, a San Francisco-based organization, alleges that Newsom's executive order over the summer allowing cities to suspend SB 9 is a constitutional overreach...Read more

The rise in late auto loan payments is a symptom of an increasingly unaffordable vehicle market, experts say. Households with the lowest incomes are suffering the most.

Auto loan debt is not yet at a crisis point, according to analysts. But economists are closely following late payments as a potential indicator of wider economic stress and ...Read more