Q: We are buying a home we plan to live in for a long time. After the down payment and closing costs, we will still have some cash left over. Our lender mentioned we could “buy down” our interest rate by paying points. Is that worth it, or should we hold on to the money? — Robert

A: For buyers in your situation, paying points to lower ...Read more

Nvidia Corp. Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China.

Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday, and Huang will no longer ...Read more

U.S. previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Contract closings in October decreased 5.5% to an annualized rate of 3.75 million, according to figures released Thursday by the National Association of Realtors.

Sales plummeted in the West ...Read more

On a visit to MIT, the science journalist Spencer Klaw found its students and faculty in "a chastened and uncertain mood." Government science funding and hiring had dried up, and the prospects for graduates had dimmed.

Among those he encountered on campus, Klaw detected not merely depression, but anger: These were people who had started their ...Read more

The Kraft Group’s $16 billion proposal to build the country’s fourth largest data center is facing intense pushback from residents in the small Massachusetts town.

The Sutton community showed out in force for the Tuesday night Select Board meeting, showing passionate and often rowdy opposition to the $16.75 billion proposal.

“Kill it now...Read more

IHeartMedia Inc. is exploring the sale of part or potentially all of its podcast business in an effort to raise cash and boost its struggling stock price, according to people familiar with the matter.

The largest U.S. radio station owner has been in discussions with the investment bank Moelis & Co. and some potential investors on a possible ...Read more

Nvidia’s board is preparing to oust co-founder and CEO Jensen Huang, The Wall Street Journal reported Wednesday, as the Santa Clara, California, chipmaker confronts investigations and reports of two extramarital affairs.

Directors could meet as soon as Wednesday to determine Huang’s future, the Journal reported, citing people familiar with ...Read more

The gas-fired power plants currently planned for data center sites around the U.S. would significantly increase emissions from the country’s energy sector, according to a report from BloombergNEF.

If all the plants announced so far were completed, they would raise overall power-related emissions by about 10% compared with 2025 levels, said ...Read more

In late September, OpenAI entered discussions for its latest funding round with confidence. After having early discussions with prospective backers who had expressed interest, the company presented its terms: at least $30 billion in new capital at a $1.4 trillion valuation.

Few startups have been as successful at fundraising as OpenAI, which ...Read more

Washington is suing the state’s two biggest dialysis companies over what it claims are illegal noncompete agreements that effectively reduce treatment options for people with kidney failure.

In a complaint filed Tuesday in Thurston County Superior Court, Attorney General Nick Brown alleges DaVita and Fresenius require medical directors who ...Read more

ST. LOUIS — A biotechnology company that specializes in advanced vaccine technologies is set to be acquired by a multinational pharmaceutical giant.

Omniose is currently working on creating vaccines that target Group B Streptococcus (which can cause life-threatening infections in newborns and older adults), Klebsiella pneumoniae (which can ...Read more

Yang Liu’s parents planted roots in suburban Michigan hoping their son, who was born in China, would find success in the world’s biggest economy. In early 2020, they got their wish: End Game Interactive, the mobile game startup he co-founded in their home, raised $3 million on the back of breakout hit Zombs Royale.

Then, the U.S. still ...Read more

So, you’re sitting in your living room watching TV and the power goes out.

What goes through your mind? Uncertainty.

You start by turning on your phone’s flashlight and looking for that candle lighter so you can light some candles and you start thinking about spending the rest of the evening in the dark.

You’re hoping the outage is a ...Read more

LINCOLN PARK, Michigan — Ford Motor Co.'s 10-speed transmission that drives such vehicles as the F-150 pickup and Expedition SUV has become such a frequent visitor to some transmission shops that they've opened a study to address the issue.

The most widespread complaints regarding the 10R80, a product of an alliance between Ford and General ...Read more

LANSING, Michigan — Less than two weeks after unveiling a data center community engagement process officials hoped would flip the script on the hotly contested developments, the project is dead.

The announcement of a possible data center in Delhi Township and Holt, on the south side of Lansing, by a local economic development agency was met ...Read more

Federal Reserve officials opened the door to more aggressive interest-rate increases over the coming months, after faster-than-expected inflation in October injected a new sense of urgency into the central bank’s bid to tame prices.

Governor Christopher Waller warned on Tuesday that a half-percentage-point rate increase by the Fed in December...Read more

International Business Machines Corp. is ending immigration sponsorship for some roles in its largest division following a crackdown by the Trump administration on a visa program that’s been a talent pipeline for the tech industry.

“We have opted to discontinue visa and green card sponsorship for the majority of such roles in IBM Consulting...Read more

OpenAI’s quarterly revenue hit $10 billion for the first time in the three months ending in September, according to a person familiar with the matter, driven by strong demand for its latest artificial intelligence software.

The ChatGPT maker’s revenue increased nearly 50% from the prior quarter and nearly threefold from the same period a ...Read more

Frontier Airlines is adding a touch of luxury to its budget-friendly flights.

The Denver-based carrier announced Tuesday that reservations are now open for its new first-class and extra-legroom seating options.

The seats are available for travel beginning March 5, with one-way fares starting at $90 for the Premium bundle, which includes extra ...Read more