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News
The wrong people are paying off their mortgages
1+ week, 3+ day ago (113+ words) Breaking news and analysis on politics, business, world, national news, entertainment and more. In-depth DC, Virginia, Maryland news coverage including traffic, weather, crime, education, restaurant reviews and more. People with low interest rates should be holding on to their mortgages....
U.S. economy lost jobs but unemployment improved due to workers leaving the labor force
1+ mon, 6+ day ago (81+ words) Unemployment improved, because thousands of workers disappeared. Where did they go? The Washington Post The percentage of American workers ages 25 to 54 declined this year, and that’s not a good sign for the economy, experts say. The U.S. economy shed jobs…...
The 'rockets and feathers' effect: Inflation eases but grocery bills do not
1+ mon, 2+ week ago (61+ words) The Washington Post Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices…...
Banks rake in big profits as both Wall Street and the US consumer stay strong
1+ mon, 4+ week ago (73+ words) JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility The Washington Post WASHINGTON — Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer…...
Is hiring picking up in the US? Thursday's report will help illustrate trends
2+ mon, 1+ week ago (73+ words) The Washington Post Thursday’s report from the Labor Department on June job changes will provide some important clues on the health of the U.S. economy WASHINGTON — Is the U.S. economy emerging from a period of sluggish hiring to something…...
With the extra money spent on gas, here are the groceries you could’ve bought
2+ mon, 4+ week ago (362+ words) Surging gas prices have pushed Americans to dig deeper into their wallets, skip purchases and pull back on savings. More money spent on gasoline means less money to spend on other things. President Donald Trump has dismissed Americans’ economic concerns…...
Inflation likely reached 3-year high last month as Iran war spikes gas prices
3+ mon, 4+ day ago (55+ words) The Washington Post WASHINGTON — Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising costs pose for the Trump administration as midterm elections…...
America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
4+ mon, 1+ week ago (100+ words) The Washington Post A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve In the…...
Opinion | Tariff refunds will total billions of dollars. Fraudsters are ready.
4+ mon, 3+ week ago (97+ words) The Washington Post The pandemic-era fraud crisis could repeat without the right precautions. Linda Miller is the president of the Program Integrity Alliance and writes the Substack “GovIntegrity,” where a version of this essay first appeared. A midsize importer gets…...
Asian stocks retreat and oil tops $100 despite fresh records on Wall St
4+ mon, 3+ week ago (83+ words) The Washington Post Asian stocks have retreated while oil prices gained as investors reacted to shaky prospects for more talks on ending the war with Iran HONG KONG — Stocks retreated in Asia on Thursday after an initial jump that pushed…...