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News
Wall Street week ahead: inflation, retail sales updates
2+ week, 4+ day ago (218+ words) The reports help give investors and economists a better sense of where prices are moving on a wide range of goods and services, while also providing a clearer picture on the impact to businesses and households. On Wednesday, the U.S. will…...
Americans’ confidence in US economy falls as Iran conflict sends gas prices higher
4+ week, 1+ day ago (488+ words) The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June. That’s essentially the same tepid range its been in since the beginning of the year. In late 2024 and early 2025 the readings were well…...
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
1+ mon, 1+ day ago (894+ words) Ada Torres holds tomatoes while shopping for produce, Thursday, July 2, 2026, in Cleveland, Texas, about 45 miles northeast of Houston. (Sandy Guatibonza/La Esquina TX via AP) What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack, 50, scouts…...
Andreessen, Chetty among leaders of Fed’s new task forces evaluating operations
1+ mon, 2+ week ago (493+ words) They are among the co-leaders of five different task forces announced by Fed Chair Kevin Warsh last month. The other leaders are a mix of public officials and business leaders. Warsh called for “regime change” at the Fed last year…...
Europe’s central bank raises rates to fight inflation from Iran war, the Fed to decide next week
2+ mon, 2+ week ago (591+ words) The ECB’s rate-setting council raised its benchmark rate to 2.25% from 2%, where it had been for a year. The move comes ahead of rate-setting meetings next week at the Fed, the Bank of Japan, and the Bank of England. Oil prices…...
Average US long-term mortgage rate slips to 6.23%, its third weekly drop
4+ mon, 2+ day ago (423+ words) The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on. The benchmark 30-year fixed rate mortgage rate fell to 6.23% from 6.3% last week, mortgage buyer…...
Business sentiments in Japan improving despite Iran worries
4+ mon, 3+ week ago (290+ words) The improvement in the key so-called diffusion index in the closely watched “tankan” report, recorded for the fourth quarter straight, comes even as worries grow about Japan’s economic growth and oil supplies because of the war in Iran. The survey…...