US officially hits debt limit, begins 'extraordinary measures' to pay bills

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate "extraordinary measures" to keep paying the government's bills. Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a "debt issuance suspension period"…

Mortgage rates retreat for third straight week

Mortgage rates fell for the third consecutive week, helping to revive some buyer interest. The rate on the average 30-year fixed mortgage declined to 6.15% from 6.33% a week prior, according to Freddie Mac. Rates have fallen more than three-quarters of a…

Millionaires demand to have their wealth taxed more

More than 200 millionaires from around the globe are calling on the “global elite” at this week’s World Economic Forum (WEF) in Davos to address global inequality and tax the ultra-rich now, as it’s “simple, common-sense economics.“ See: 4 Reasons You Should…

Prosecutors to announce decision in shooting by Alec Baldwin

SANTA FE, N.M. (AP) — The Santa Fe district attorney will announce Thursday whether charges will be brought in the fatal 2021 film-set shooting of a cinematographer by actor Alec Baldwin during a rehearsal of the Western “Rust.” Santa Fe District Attorney…

Apple wants to control everything from its chips to screens

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Jan. 18, 2023 Apple's decision to design its…

India female wrestlers allege sexual harassment by officials

NEW DELHI (AP) — Top India wrestlers led a sit-in protest near the parliament building on Thursday accusing the federation president and coaches of sexually and mentally harassing young wrestlers. Sakshee Malikkh, Vinesh Phogat and Bajrang Punia led about 100 protestors in…