Economy
Warsh Pledges Inflation Fight, Stays Silent on Rate Path as Fed Divides
Federal Reserve Chair Kevin Warsh pledged to make high inflation "a thing of the past" in his first testimony, yet provided no...
#Economy 67 articles
Economy
Gas Price Drop Likely Slowed Inflation Last Month
Falling gas prices are expected to have curbed inflation in June, offering consumers a reprieve. However, renewed Middle East conflict is driving...
Finance
US 30-Year Mortgage Rate Climbs to 6.49%, Boosting Homebuyer Costs
The average 30-year U.S. mortgage rate reached 6.49% this week, increasing borrowing expenses for prospective homebuyers. This rise adds financial pressure amid...
Stocks
Trump Rings Wall Street Bells, Cites Market Records Despite Inflation
President Trump rang Wall Street's opening bells from the Oval Office, tying his presidency to stock market gains. This move comes as...
Economy
Gas Price Dip Lifts July Fourth Sentiment, Fuels Record Travel
Despite historically high fuel costs, a recent dip in gas prices has significantly boosted consumer sentiment, driving record travel projections for the...
Economy
US Jobless Claims Drop to 215K as Layoffs Remain Low
U.S. applications for jobless aid fell to 215,000 last week, indicating historically healthy layoff levels, even as broader hiring shows caution. The...
Economy
Fourth of July Cookout Costs Rise, Driven by Production Expenses
Americans face higher costs for Fourth of July cookouts this year, with prices for beef, produce, and fuel climbing due to production...
Economy
French Heatwave Scorches Crops, Threatens Food Inflation
An intense heatwave is devastating French agriculture, with tomatoes cooking on vines and cereal crops scorched. This threatens significant food inflation, impacting...
Finance
World Cup 2026: $8.9 Billion Global Pop-Up Retail Phenomenon
The FIFA World Cup 2026 is emerging as a massive 'roaming retail platform,' projected to generate $8.9 billion. It drives significant merchandise...