Economy
Retail Sales Growth Halves in April as Higher Gas Costs Curb Spending
U.S. retail sales growth slowed significantly in April to 0.5%, down from March's 1.6%, as elevated gas prices, fueled by the Iran...
#Economy 39 articles
Finance
US 30-Year Mortgage Rate Eases to 6.36%, First Drop in Weeks
The average long-term U.S. mortgage rate for a 30-year fixed loan fell to 6.36% this week, marking its first decline after two...
Economy
Wholesale Prices Jump 6%, Companies Face Pressure to Raise Consumer Costs
U.S. producer prices rose 6% from a year earlier, the largest increase since December 2022, intensifying pressure on companies to pass higher...
Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
Economy
Trade Court Invalidates Second Trump Tariff Round
The Court of International Trade has struck down a second round of Trump administration tariffs, following an earlier Supreme Court ruling. Importers...
Economy
Jobless Claims Tick Up to 200K, Still Near Historic Lows
US jobless claims rose to 200,000 last week, a slight increase but remaining historically low amid inflation and global economic uncertainty.
Economy
Tariff Refunds: Billions at Risk as Small Businesses Fight for Repayment
After the Supreme Court invalidated Trump-era tariffs, many U.S. businesses, particularly small importers, face significant hurdles in claiming promised refunds, potentially leaving...
Finance
US Mortgage Rate Climbs to 6.3%, Ending Three-Week Decline
The average long-term U.S. mortgage rate rose to 6.3% this week, halting a three-week slide and increasing borrowing costs for prospective homebuyers...
Finance
IDB Head: Latin America Faces Uncertainty, Shows Resilience
The Inter-American Development Bank president notes increased uncertainty in Latin America due to global energy shocks, but highlights the region's strong resilience.