Economic News
-
Microsoft's best day since 2008 leads US stocks, while inflation worries remain in the bond market
A monster day for Microsoft following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street, while AI stocks regained some of their sharp recent losses
-
Average 30-year US mortgage rate rises to highest level in a year at 6.66%
The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs
-
US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years
-
US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high
The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth
-
Bank of England keeps key rate at 3.75% for the fifth time this year
The Bank of England kept its key interest rate on hold for the fifth time this year after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the fallout from renewed fighting in Iran
-
The Federal Reserve’s favored measure of inflation rose 3.7% last month, above its 2% target
The Federal Reserve’s favored measure of inflation rose 3.7% last month, above its 2% target
-
US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
-
Trump touted his tariffs in Michigan despite rising costs. Even some of his supporters are worried
President Donald Trump says car companies are thriving due to tariffs and other key policies he's instituted as president
-
Wildfires near Bordeaux bring more troubles to France's wine industry
Wildfires near Bordeaux are hurting the wine region's economy
-
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'
The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war
- More Economic News »




