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News
How to use TIPS in your portfolio
1+ hour, 6+ min ago (550+ words) AMY C. ARNOTT of Morningstar Treasury Inflation-Protected Securities were introduced in 1997 to provide inflation-protected interest and principal payments. Unlike other bonds, which generate returns in nominal terms, TIPS act as a direct hedge against inflation. TIPS are bonds issued by the…...
Local unemployment rate holds at 4.9%
1+ mon, 1+ day ago (141+ words) HARRISBURG — The unemployment rate for the Scranton/Wilkes-Barre metropolitan area remained at 4.9% in May, according to data from the state Department of Labor and Industry. The local labor force increased by 700 from April to May and rose by 4,100 from May…...
All 32 of the nation’s biggest banks clear the Fed’s annual ‘stress test’
1+ mon, 1+ week 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…...
Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
1+ mon, 2+ week ago (467+ words) The benchmark 30-year fixed rate mortgage rate fell to 6.47% from 6.52% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.81%. Borrowing costs on 15-year fixed-rate mortgages, often sought by borrowers refinancing a home loan, also…...
Average US long-term mortgage rate rises to 6.52%, just below its high for the year
1+ mon, 3+ week ago (545+ 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…...
Tomatoes become latest symbol of America’s affordability squeeze
2+ mon, 4+ day ago (634+ words) NEW YORK — Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: a nagging reminder of rising costs. Prices for those red orbs have soared more than any other food product…...
The market powerful enough to sway stocks and Trump is rumbling again
2+ mon, 2+ week ago (989+ words) It’s making noise again. Bond markets around the world have seen yields climb to heights not reached in years and, in some cases, decades. Atop the litany of reasons for that is oil prices and whether they will stay high…...
Who is incoming Fed chair Kevin Warsh?
2+ mon, 2+ week ago (799+ words) By JOSH BOAK and CHRISTOPHER RUGABER Warsh takes over a divided central bank wrestling with the economic fallout from the war started by the U.S. and Israel with Iran on Feb. 28. The conflict has driven up energy prices and made it…...
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
2+ mon, 2+ week ago (651+ words) The Labor Department reported Wednesday that its producer price index — which tracks inflation before it hits consumers — shot up 1.4% in April, the biggest monthly gain in more than four years. Energy prices climbed 7.8% from March to April and 22.7% from a…...
US economy grew 2% from January-March, recovering from shutdown
3+ mon, 2+ day ago (22+ words) The US economy accelerated at the start of 2026, expanding at 2% from January through March after recovering from a government shutdown....