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Economy
Inflation unexpectedly drops to 3% in June
Inflation cooled more than expected in June, a welcome sign for the Federal Reserve even…
More Americans lost their homes in May as foreclosures move higher
Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living…
Mortgage rates increase to 7.03%
Mortgage rates increased this week for the first time in a month, returning above 7%…
Mortgage demand falters as interest rates rise for the first time in a month
A key measure of home-purchase applications fell to a three-month low as mortgage rates started…
Fed’s Kashkari wants to see ‘many more months’ of good inflation data before cutting rates
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that central bank policymakers should wait for…
Fast-food prices at McDonald’s, Subway soar under Biden
Fast food is beloved in America because it is cheap and convenient. At least it…
Mega Millions jackpot grows to $489 million after no grand prize winner
The Mega Millions jackpot rose to an estimated $489 million after no tickets matched the…
American Airlines passengers in Miami stuck on sweltering Boeing plane: travelers
American Airlines passengers were stuck on a sweltering Boeing jet for more than an hour…
Buying a house just became even more expensive
The cost of buying a new house just hit a fresh record even as mortgage…
Mortgage rates dip below 7%
Mortgage rates declined for a third consecutive week, falling below 7% for the first time…
Bond King Jeffrey Gundlach warns over US economy as Americans’ debt piles up: ‘Concerning’
As Americans’ debt grows, recession fears are re-fueled, and the Fed grapples with the pressure…
Corporate greed is not to blame for high inflation, SF Fed says
President Biden and other Democratic lawmakers have frequently blamed corporate price gouging for chronic inflation…
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