News
Consumer confidence ticks up as gas prices fall but Americans remain gloomy about the economy
2+ hour, 20+ min ago (362+ words) The Conference Board said Tuesday that its'consumer confidence index'rose 0. 6 point to 91. 2 in June, a figure that is still below its year-ago reading of 95. 2. Consumer attitudes worsened after the Iran war caused oil and gas prices to spike, accelerating inflation and…...
All 32 of the nation's biggest banks clear the Fed's annual "stress test'
5+ day, 18+ hour ago (199+ words) By KEN SWEET, AP Business Writer The annual stress test measures whether a bank's capital, a financial cushion it uses to absorb losses, would remain at healthy levels even after hundreds of billions of dollars in projected losses. The tests…...
Opinion: Recklessly ignoring National City's fiscal crisis won't fix it
1+ week, 4+ day ago (486+ words) National City is a working-class community of'roughly 56, 000 residents spread across 7 square miles. Most residents are focused on paying their bills, raising their families and getting through another workweek. They should not have to become budget experts to understand when their…...
Warsh to face spotlight as Federal Reserve likely to leave interest rates unchanged
1+ week, 6+ day ago (506+ words) Wednesday's highlight is likely to be the press conference Warsh will hold in the afternoon, which Wall Street investors, economists, and quite likely the White House will closely watch to see how Warsh conducts himself. Warsh was previously an investment…...
San Diego inflation is on the rise, but not as much as the U. S. average
2+ week, 5+ day ago (519+ words) Inflation is on the rise in San Diego County but, uncharacteristically, it's not as high as the rest of the nation. The region's inflation rate was 3. 8%, up from 3. 2% in May, according to the U. S. Bureau of Labor Statistics' Consumer Price Index…...
As US Customs refines its tariff refund system, who gets in to apply is under dispute
2+ week, 6+ day ago (767+ words) By MAE ANDERSON, AP Business Writer Court of International Trade Judge Richard Eaton said he wanted to hear details that would help him decide whether to order the government to speed up and expand its system for issuing tariff refunds....
San Diego made sidewalk repairs cheaper for property owners. Now the program is ending " but there's still time to join.
3+ week, 3+ day ago (827+ words) San Diego's budget crisis is forcing city officials to end a popular fee-waiver program that spurred millions in voluntary sidewalk repairs that property owners probably wouldn't have tackled otherwise. The nearly three-year-old pilot program shrank the city's sidewalk repair backlog…...
Average US long-term mortgage rate falls to 6. 48%, retreating from its highest level in 9 months
3+ week, 4+ day ago (297+ 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…...
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
4+ week, 23+ hour ago (1094+ words) The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U. S. government. Interest rates on a 10-year U. S. Treasury note are topping 4. 44%, up from 3. 95% before the war started at the end of…...
America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways
1+ mon, 1+ week ago (588+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is…...