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Economy
US to impose 25% tariffs on Japan, South Korea on Aug. 1
President Donald Trump on Monday announced the U.S. will impose 25% tariffs on goods imported…
January jobs report delayed by government shutdown
The partial government shutdown that began on Saturday morning is set to delay the release…
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…
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…
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