News
Markets wobble amid investor panic: Wells Fargo CEO says Main Street unmoved
10+ hour, 15+ min ago (405+ words) Wells Fargo's chief executive says the U.S. economy is holding up even as oil prices surge and geopolitical tensions in the Middle East push markets into a jittery state. The comments, made on Tuesday, highlight a widening gulf between financial-market volatility…...
Trump tariffs fall short: think tank finds promises unmet one year after Liberation Day
10+ hour, 39+ min ago (526+ words) One year after President Trump announced his sweeping tariff program on what he called "Liberation Day," a fresh review suggests the results fall short of the sweeping promises. A Tax Foundation analysis finds that the moves reshaped markets, raised government…...
Economic data vanishes: patchwork alternatives could leave households and investors in the dark
3+ day, 10+ hour ago (392+ words) Official economic reporting is showing signs of strain, and that matters now because households, companies, and markets depend on those figures to make urgent decisions. In recent months, cuts to resources and turnover in leadership have weakened the flow of…...
Mortgage rates surge: Iran tensions push borrowing costs higher and slow home sales
5+ day, 10+ hour ago (356+ words) This week brought a fresh uptick in mortgage borrowing costs as escalating tensions in Iran pushed investors into higher-yielding government debt, translating into more expensive home loans for buyers and refinancers. The move underscores how geopolitical shocks can quickly ripple…...
Inflation risk rises after Iran conflict: Goldman Sachs predicts higher prices
1+ week, 10+ hour ago (481+ words) Rising tensions around Iran are already reshaping global energy markets and could lift inflation in the United States, complicating decisions at the Federal Reserve about whether and when to cut interest rates. New estimates from economists at Goldman Sachs show…...
Jobs report canceled Friday amid government shutdown
1+ week, 10+ hour ago (393+ words) The federal agency that tracks jobs and labor-market trends has paused its reporting because of the partial government shutdown, leaving economists, employers and job seekers without fresh figures that were due this week. That gap matters now: delayed employment data…...