BUSINESS

April home sales stagnated as higher mortgage rates and geopolitical uncertainty dampened buyer confidence.

Despite looming pied-à-terre tax discussions, Manhattan’s high-end real estate market sees a notable increase in sales over $4 million.

JPMorgan Chase leads a banking consortium in curtailing credit lines to KKR’s FSK fund, highlighting challenges in the private credit sector.

GM announces layoffs of hundreds of salaried IT workers as part of its cost management strategy, signaling a shift in operational priorities.

United Airlines flight attendants approve a new labor deal featuring 31% raises, marking the first pay increase in almost six years.

Laid-off GM workers discuss the unsettling nature of their termination meeting, the role of AI, and the severance packages offered.

Companies begin receiving tariff refunds following a Supreme Court ruling deeming some of Trump’s tariffs unconstitutional.

Marty Makary’s departure as FDA commissioner follows significant criticism and internal challenges, reshaping the regulatory landscape.