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Economy
Is Miami costlier than NYC? Why developers say the math favors Florida
While recent economic data suggests South Florida has lost its cost advantage over New York,…
Federal judge blocks California mixed-use project over threats to flower, other species
A federal judge has blocked construction of a 314-acre mixed-use development project in California after…
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…
Mortgage rates fall to 6.47%: Freddie Mac
Mortgage rates fell this week to the lowest level in more than a month, mortgage…
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…
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…
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,…
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…
June FOMC: Fed holds interest rates steady as Warsh era begins
This is a developing story about the June 2026 FOMC interest rate decision and will…
McDonald’s brings back fried apple pie after more than 30 years off menu
McDonald’s announced Tuesday that it is bringing back its fried apple pie to celebrate America's…
Fed expected to hold rates steady as inflation hits highest since 2023
The Federal Reserve is expected to hold rates steady following its monetary policy meeting this…
Macaroni and cheese recall impacts more than 500,000 packages at Aldi stores
More than 500,000 packages of macaroni and cheese sold at Aldi stores nationwide have been…
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