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Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

1:13 PM on Friday, May 22

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year

Scott McLaughlin (3) and Helio Castroneves, of Brazil, head into the first turn during practice for the Indianapolis 500 auto race at the Indianapolis Motor Speedway in Indianapolis, Monday, May 18, 2026. (AP Photo/Michael Conroy)

IndyCar agrees to multiyear extension with NTT to remain as series' title sponsor

11:12 AM on Friday, May 22

IndyCar officials have agreed to a multiyear contract extension that will keep NTT as the series’ title sponsor

FILE - Clothes by Chinese company Shein are seen in the BHV (Bazar de l'Hotel de Ville) department store, Tuesday, Nov. 4, 2025 in Paris. (AP Photo/Aurelien Morissard, File)

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

10:50 AM on Friday, May 22

Everlane, which bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion Shein, founded in China

FILE - Estee Lauder products are displayed at a store in Boston, Friday, Aug. 25, 2017. (AP Photo/Charles Krupa, File)

A deal that could have put Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof is off

9:44 AM on Friday, May 22

Estee Lauder and perfume maker Puig have ended merger talks that would have potentially put brands like MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof

From left to right, European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis, European Central Bank President Christine Lagarde, President of the Eurogroup Kyriakos Pierrakakis, Managing Director and the European Stability Mechanism Pierre Gramegna talk to the media during the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

9:13 AM on Friday, May 22

European Union officials say that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027

Taiwan's government says US hasn't notified it of any pause in a planned $14B arms sale

6:34 AM on Friday, May 22

Taiwan's government says it hasn't been notified of any pause in a planned $14 billion U.S. arms sale to the self-governing island

Salvatore Lo Duca makes pizza at Lo Duca Pizza Tuesday, May 12, 2026, in the Brooklyn borough of New York. (AP Photo/David R. Martin)

A proposed additive ban could change New York’s pizza and bagels, some say for the better

12:03 AM on Friday, May 22

New York City's iconic pizzerias and bagel shops may soon be forced to update their long-standing baking practices after state lawmakers moved to ban a common additive

In this photo provided by NOAA, a Parapagurus sp. crab with a coral on its back walks across a field of ferromanganese nodules on the seafloor of Gosnold Seamount, explored during Dive 16 of the 2021 North Atlantic Stepping Stones expedition. (NOAA via AP)

Companies join a deep-sea mining rush after Trump executive order, as regulators fast-track permits

7:01 AM on Thursday, May 21

Since President Donald Trump signed an executive order to create a deep-sea mining industry, businesses have raised millions from investors, and stock prices have soared

FILE - Stephen Colbert, left, and Evelyn McGee-Colbert appear at the 77th Primetime Emmy Awards in Los Angeles on Sept. 14, 2025. (AP Photo/Jae C. Hong, File)

Paul McCartney helps Stephen Colbert say goodbye to 'The Late Show' in ambitious final show

12:12 AM on Thursday, May 21

Stephen Colbert has wrapped up his final broadcast of CBS' “The Late Show” with a memorable night

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