Economy

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US economy grew at 2.1% in first quarter

This is a developing story about the final reading of U.S. first-quarter GDP. Please check…

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Scott Bessent outlines 5 principles for Trump economic statecraft plan

Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration's approach to economic statecraft in…

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Delta CEO reveals when to expect airline ticket prices to come down

As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines…

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Oil prices fall as Strait of Hormuz shipping rises despite mine threat

Traffic by tankers transiting the Strait of Hormuz has picked up amid the negotiations between…

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Housing affordability won’t return to pre-2022 levels, Morgan Stanley says

The affordability of the U.S. housing market may not improve significantly over time for would-be…

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Mortgage rates fall to 6.47%: Freddie Mac

Mortgage rates fell this week to the lowest level in more than a month, mortgage…

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Report finds US housing demand depressed as costs hit record highs

A new report on the U.S. housing sector finds that activity remains subdued through the…

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Jeff Bezos predicts AI will create labor shortages, not replace workers

Amazon founder Jeff Bezos said that the rise of artificial intelligence (AI) won't lead to…

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The hidden $132,000 red tape tax facing today’s new homebuyers

Government regulations now add roughly $132,000 to the cost of a typical newly built home,…

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Oil prices waver as investors await US-Iran deal to reopen Strait of Hormuz

Oil prices fluctuated on Wednesday as investors cautiously await a forthcoming deal to end the…

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