Finance
US 30-Year Mortgage Rate Holds at 7.40%, Highest in Nearly Three Years
The average long-term U.S. mortgage rate remained at 7.40% this week, marking its highest level in nearly three years and concluding a...
#Economy 99 articles
Economy
September Inflation Sizzles at 3.7%; Social Security Benefits Rise 3.6%
Consumer prices surged 3.7% in September, prompting a 3.6% increase in Social Security benefits for next year, offering an average $75 monthly...
Economy
US Inflation Hits 3.7% as Gas, Semiconductors Push Prices Higher
U.S. inflation accelerated to 3.7% last month, driven by rising gas prices, air fares, and semiconductor costs, posing an ongoing economic challenge.
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...
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...