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News
Mortgage rates rise for 5th straight week, hitting levels not seen since 2025 for 2nd week in a row
1+ day, 13+ hour ago (325+ words) An existing home for sale is shown Tuesday, July 7, 2026, in Detroit. Credit: AP/Paul Sancya CHICAGO — The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest…...
Down payment costs are rising. Here's what 20% means in your area on Long Island.
2+ day, 14+ hour ago (487+ words) A Nassau buyer would need $175,000 to put down 20%, and a Suffolk buyer would need $150,000, according to the latest data. Credit: Elizabeth Sagarin Long Island homebuyers are enduring another year of record-setting prices and those who aspire to a 20% down payment…...
Trump wanted interest rate cuts to be 'Rocket Fuel' for the economy. He is losing that fight so far
1+ week, 1+ hour ago (884+ words) President Donald Trump listens during a cabinet meeting, Friday, July 31, 2026, at Camp David, the presidential retreat, near Thurmont, Md., Friday, July 31, 2026. Credit: AP/Jacquelyn Martin WASHINGTON — President Donald Trump has been losing his own battle to cut interest rates. The president…...
Bank of England keeps key rate at 3.75% for the fifth time this year
1+ week, 1+ day ago (499+ words) LONDON — The Bank of England kept its key interest rate on hold for the fifth time this year on Thursday after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the fallout from renewed…...
US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
1+ week, 1+ day ago (475+ words) A California unemployment benefits form is shown Wednesday, July 8, 2026, in Detroit. Credit: AP/Paul Sancya WASHINGTON — The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years....
Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants
1+ week, 2+ day ago (595+ words) It’s been a choppy year for restaurants that lean into lettuce. Lettuce prices rose sharply in the first half of 2026 due to hot weather in Arizona, where about one-third of America’s lettuce is grown. Now, restaurants are dealing with the…...
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
1+ week, 3+ day ago (693+ words) WASHINGTON — Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action -- not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest…...
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
1+ week, 3+ day ago (792+ words) WASHINGTON — The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald…...
Americans' confidence in US economy falls as Iran conflict sends gas prices higher
1+ week, 3+ day ago (538+ words) WASHINGTON — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from…...
Do bonds appreciate over time?
1+ week, 3+ day ago (254+ words) A reader asked about the capital appreciation potential of bonds: Strictly speaking, the underlying dollar value of most bonds won’t appreciate. With few exceptions, a bond’s price at maturity (also known as par value) will never increase; it remains fixed…...