News
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
2+ hour, 28+ min ago (811+ 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 rising costs…...
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
1+ week, 3+ day ago (622+ words) WASHINGTON " New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at a central bank conference in…...
America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs
1+ week, 6+ day ago (706+ 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 rising costs…...
America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire " WSB-TV Channel 2 - Atlanta
3+ week, 6+ day ago (987+ 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 rising costs…...
Argentina's inflation slows to 8-month low in a boost for President Milei
4+ week, 1+ day ago (393+ words) BUENOS AIRES, Argentina " Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the…...
Average US long-term mortgage rate rises to 6. 52%, just below its high for the year
4+ week, 1+ day ago (550+ 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…...
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
1+ mon, 30+ min ago (641+ words) FRANKFURT, Germany " 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 with how to…...
Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago
1+ mon, 16+ hour ago (756+ words) NEW YORK " Another sell-off for artificial-intelligence stocks helped drag the U. S. market sharply lower Wednesday, as Wall Street's former superstars continue to face heavy scrutiny for their success. The S&P 500 dropped 1. 6% for its first back-to-back drop in three weeks and…...
Wall Street mixed in early trading as markets await government jobs data for May
1+ mon, 6+ day ago (485+ words) Trading on Wall Street was mixed again early Friday as markets waited to comb through the latest U. S. jobs data for signs that the Iran war or AI are impacting companies' hiring. Futures for the S&P 500 lost 0. 5% before the opening…...
Trump claims he's making food more affordable but his examples ignore the big picture
1+ mon, 1+ week ago (594+ words) WASHINGTON " In a Truth Social post on Wednesday, the president proclaimed "TRUMP'S MAKING FOOD AFFORDABLE," and cited falling prices for a range of groceries, including avocados, fresh berries, and a variety of pantry staples. Yet just two weeks earlier the…...