News
America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire
4+ hour, 29+ min ago (56+ words) KSAT Spurs swag brings in blood donors at South Texas Blood & Tissue A woman's hypothermia death in Pittsburgh after her release from ICE custody is ruled a homicide James Harden arrested, faces misdemeanor gun charge, Harris County records show...
Average US long-term mortgage rate rises to 6. 52%, just below its high for the year
2+ day, 1+ hour ago (551+ words) The average long-term U. S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started. The…...
US producer prices rose 6. 5% in May on higher energy prices, largest yearly jump since November 2022
2+ day, 5+ hour ago (275+ words) WASHINGTON " U. S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index " which captures inflation before…...
US jobless aid filings rise to 229, 000 last week, remain historically low despite Iran war headwinds
2+ day, 5+ hour ago (564+ words) WASHINGTON " U. S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran. The number of Americans filing for unemployment aid for the week ending June 6 rose…...
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
2+ day, 6+ hour ago (600+ words) David Mchugh And Christoper Rugaber The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U. S. Federal Reserve Chair Kevin Warsh wrestle…...
Inflation likely reached 3-year high last month as Iran war spikes gas prices
3+ day, 14+ hour ago (526+ words) 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 near. Inflation is…...
As US Customs refines its tariff refund system, who gets in to apply is under dispute
4+ day, 4+ hour ago (823+ words) NEW YORK " A U. S. Customs and Border Protection agency official is set to testify in federal court Tuesday about the U. S. government's plans for refunding billions of dollars that importers paid before the Supreme Court ruled that President Donald Trump illegally imposed…...
From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
6+ day, 7+ hour ago (1142+ words) NEW YORK " U. S. consumers haven't stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. But the new signs of strain cited by…...
Average US long-term mortgage rate falls to 6. 48%, retreating from its highest level in 9 months
1+ week, 2+ day ago (564+ words) The average long-term U. S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6. 48% from 6. 53% last week, mortgage buyer Freddie Mac said Thursday. The average…...
US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
1+ week, 2+ day ago (593+ words) WASHINGTON " The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran. U. S. applications for unemployment benefits for the…...