News
What is a cash-out refinance? Here’s what you need to know
4+ day, 9+ hour ago (1434+ words) A cash-out refinance replaces your current mortgage with a new, larger one. It includes the remaining balance of your original loan plus an additional amount that you'll withdraw in cash. This cash comes from your home's equity. You'll receive the…...
Will the Fed cut interest rates? What we know as Iran war clouds picture
3+ day, 56+ min ago (847+ words) Forecasters widely expect the Federal Reserve to keep its benchmark interest rate unchanged when it concludes its two-day meeting on March 18, as policymakers weigh the economic impact of'the ongoing war'with Iran. In'addition to'the'United States going to war,'much has happened…...
Stocks climb as oil prices ease; flurry of central bank meetings on tap
3+ day, 1+ hour ago (737+ words) NEW YORK - Global stocks rallied on Monday after three straight sessions of declines as oil prices retreated, though the recent surge in crude prices is likely to alter the inflation outlook and cause most central banks to hold at their…...
S&P 500 slips as investors assess mixed data, Middle East war fallout
6+ day, 12+ hour ago (571+ words) The benchmark S&P 500 fell in choppy trading on Friday and was on track to end the week lower, along with the Nasdaq and the Dow, as investors weighed a mixed run of economic data against a widening Middle East…...
Spokane's median household income tops U.S. for first time. What's happening?
1+ week, 4+ day ago (530+ words) The year 2024 may be ancient history to some, but to followers of economic data, it's like yesterday. The federal government just released its calculations of personal income and the area's gross domestic product, measures that are key to tracking economic…...
Sub-6% mortgage rates vanish as Iran war sparks inflation fears
2+ week, 4+ hour ago (485+ words) U.S. homebuyers had to act fast last week to nab the first sub-6% mortgage rates in more than three years. Now they're up, and the new conflict in the Middle East threatens to nudge them higher. The average for 30-year, fixed…...
Bessent says Trump’s tariff hike to 15% likely this week
2+ week, 1+ day ago (446+ words) Treasury Secretary Scott Bessent said that President Donald Trump's plan to increase a 10% universal tariff up to 15% will likely be done this week. "That's likely sometime this week," Bessent said on CNBC in response to a question about when the…...
Stocks fall as energy price jump ignites inflation fears
2+ week, 2+ day ago (779+ words) NEW YORK " Stock indexes around the world fell while the dollar rose on Tuesday, as a widening conflict in the Middle East created safe-haven demand and pushed oil prices up sharply, exacerbating investor concerns about inflation. On Tuesday, President Donald…...
Wall Street falls as Middle East conflict stokes inflation worries
2+ week, 2+ day ago (500+ words) Wall Street's main indexes fell on Tuesday, with the S&P 500 hitting its lowest in over two months, as investors braced for the impact of a widening Middle East conflict on oil prices, inflation and global trade. Tehran's threat to…...
US consumer prices increase strongly in January
2+ week, 6+ day ago (767+ words) U.S. producer prices accelerated in January, with the cost of goods outside the volatile food and energy category increasing by the most in more than three and a half years as businesses passed on import tariffs and raised prices at the…...