News
America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
11+ hour, 10+ min ago (698+ words) In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more…...
Bessent wants Americans to avoid easy-money traps and invest in financial literacy - my Mother Lode. com
1+ day, 13+ hour ago (757+ words) Treasury Secretary Scott Bessent says he's concerned about the allure of easy money " lottery tickets, buy now, pay later loans and the promise of a crypto windfall. Bessent worries the get-rich-quick mindset often leads Americans farther from financial stability, not…...
Carney unveils $18 billion Canadian government-owned investment fund - my Mother Lode. com
5+ day, 11+ hour ago (55+ words) TORONTO (AP) " Canada is developing a government-owned investment fund, Prime Minister Mark Carney said Monday. Carney said that the fund would invest in major Canadian industrial projects, in areas such as energy, infrastructure, mining, agriculture and technology. It will begin…...
Two ways of calculating: Trump defends his mathematically impossible calculations on drug prices
1+ week, 2+ day ago (524+ words) During a Thursday event announcing a deal with drugmaker Regeneron to lower the cost of its pharmaceutical products, Trump defended his past claims that prices on prescription medications had been cut by well over 100% " something that is mathematically impossible without…...
Average US long-term mortgage rate slips to 6. 23%, its third weekly drop
1+ week, 2+ day ago (429+ 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…...
UK inflation rises in March as prices at the pump spike higher after Iran war
1+ week, 3+ day ago (441+ words) The Office for National Statistics said the annual consumer price inflation rate increased to a three-month high of 3. 3% from 3% the previous month. The rise was in line with market expectations. The main reason behind the inflation spike was higher motor…...
Gap between rich and poor nations is growing even wider, UN report says
3+ week, 1+ day ago (341+ words) The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve U. N. development goals for 2030 was issued ahead of next week's spring meetings in Washington of the International Monetary Fund and the World Bank, the…...
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns - my Mother Lode. com
3+ week, 5+ day ago (538+ words) Published Apr 6, 2026 10: 57 am: Updated Apr 6, 2026 3: 53 pm And she also said the Fed might have to cut its rate if higher gas prices caused the economy to slow and unemployment to rise. But if inflation remained elevated, a rate hike could…...
JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer
3+ week, 5+ day ago (247+ words) Dimon described inflation as the potential "skunk at the party" this year, cautioning that turmoil in oil and commodity markets could ripple through the economy, affecting everything from gasoline prices to manufacturing costs. He also warned that sustained inflation could…...
Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes - my Mother Lode. com
4+ week, 1+ day ago (493+ words) Published Apr 3, 2026 4: 04 am The increase adds pressure to a cash-strapped nation already grappling with high inflation, as economists warned the hike would push up food prices and living costs. Pakistan's Petroleum Minister Pervez Malik said late Thursday that the increase…...