Finance
Mortgage Rates Inch Down After Six-Week Climb, Still Higher Year-Over-Year
U.S. mortgage rates saw a slight dip this week, offering a brief respite for homebuyers. However, borrowing costs remain elevated compared to...
#Economy 96 articles
Finance
Macron Pledges French Aid for Syria’s Economic Recovery Post-Blast
Despite security concerns, French President Emmanuel Macron has affirmed France's commitment to assisting Syria's economic and banking sector reconstruction.
Economy
50% Canadian Tariff Threatens US Construction
U.S. construction businesses face significant economic strain as the deadline for President Trump's threatened 50% tariffs on Canadian imports approaches later this...
Economy
Jobless Claims Increase, US Labor Market Shows Resilience
US unemployment claims rose last week to 209,000, but overall layoffs remain historically low. The labor market exhibits resilience despite cautious hiring...
Markets
Consumer Prices Cool in July as Gasoline, Groceries Decline
Inflation eased last month, with consumer prices rising 3.4% annually, a smaller increase than in prior months. Falling gasoline and grocery costs...
Finance
US Home Sales Slip 1.7% in July as Record Prices, High Rates Deter Buyers
Sales of previously occupied U.S. homes fell 1.7% in July, reaching a 4.06 million annual rate, as record prices and the highest...
Economy
Inflation Report Expected to Confirm Rising Cost of Living Outpaces Wages
A new Labor Department report this week is anticipated to show inflation remains elevated, with a sluggish job market preventing paychecks from...
Economy
China’s Inflation Cools as Iran War Oil Shock Starts to Ease
China's factory-gate and consumer inflation decelerated in July, signaling a potential easing of cost pressures stemming from the oil shock initiated by...
Economy
U.S. Employers Cut 23,000 Jobs, Signaling Wilting Labor Market
U.S. employers unexpectedly cut 23,000 jobs in July, with previous months' gains revised sharply lower, indicating a significant softening of the labor...