Mortgage rates remain near 3-month low
Mortgage rates ticked higher to 6.65% after falling for seven straight weeks and remain near a three-month low, according to mortgage buyer Freddie Mac.
Trump’s former energy chief sounds alarm on ExIm-backed gas project as threat to America first energy agenda
The U.S. Export-Import Bank's vote on a $4.7B LNG project in Africa was criticized by former Secretary of Energy Rick Perry, who warns that it undermines Trump's America-first agenda.
Is the US housing market becoming a buyer-friendly market?
Real estate experts say the U.S. housing market in 2025 will likely move from a seller's market to be a more buyer-friendly market as inventory begins to rise.
GE Aerospace to invest nearly $1B in US manufacturing
GE Aerospace is the latest company to announce an investment in the U.S. economy under the Trump administration. GE said the funds are nearly double last year's commitment.
Inflation slowed slightly to 2.8% in February ahead of Federal Reserve meeting
The Labor Department on Wednesday released the consumer price index for February, which found inflation was 2.8%, slower than economists' expectations ahead of the next Federal Reserve meeting.
Egg prices will remain elevated as Easter approaches, Agriculture Secretary Rollins says
Agriculture Secretary Brooke Rollins warned that egg prices will see another jump as the spring holidays near. It comes as the cost of eggs is surging.
Stocks sink as Trump places more tariffs on Canada
The major U.S. stock indexes tumbled on Monday, as concerns about the effects of President Donald Trump’s tariffs on economic growth spooked investors.
These are the US farm products that China has imposed tariffs on
China's tariffs against U.S. agricultural products take effect amid a U.S.-China tariff war. President Donald Trump has targeted China with tariffs, blasting the country for involvement with fentanyl pouring into the US.
Mortgage rates fall again with largest weekly decline since mid-September
Mortgage rates fell for a seventh week in a row, according to mortgage buyer Freddie Mac. The average rate on the 30-year fixed mortgage is 6.63%.
US economy added 151,000 jobs in February, below expectations
The U.S. economy added 151,000 jobs in February as the labor market was cooler than expected ahead of the Federal Reserve's next monetary policy meeting later this month.
BJ's Wholesale Club plans expansion into Texas
BJ's Wholesale Club is opening dozens of additional locations over the next few fiscal years. Many of the new locations will be in the state of Texas.
US job cuts surge 245% in February on federal government layoffs
Planned layoffs surged in February to the highest level since July 2020, when the U.S. economy was in the midst of the COVID-19 pandemic, according to a new report.
Starbucks CEO tells employees to be more effective after fresh round of layoffs
Starbucks' top boss made it clear to employees during an internal forum that they need to improve their efficiency in making decisions amid turnaround efforts.
How scammers are cashing in on tax season
With the use of artificial intelligence proliferating, cybercriminals are becoming more sophisticated and convincing when they target victims during tax season.
Private sector adds just 77K jobs in February, well below expectations, ADP says
The figure reported on Wednesday is well below economists’ estimates of 140,000 jobs and also more than the prior month’s upwardly revised reading of 186,000.
Trump's speech pumps inflation fight from eggs to energy
President Trump asserted during his address to Congress on Tuesday that he will be fighting the "inflation nightmare" affecting American families. Specifically targeting eggs and energy.
Target, Best Buy CEOs warn of price increases as tariffs take effect
The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.
Chipotle CEO details how chain will handle Trump tariff costs
Chipotle's top boss said that if tariffs go into effect, the company will absorb them. However, that could change if they become a "significant headwind."
Inflation gauge favored by Fed showed prices grew as expected in January
The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.
US pending home sales fall to record low in January
The National Association of Realtors' pending home sales data fell 4.6% in January to an all-time low as prospective homebuyers encountered high mortgage rates and home prices.