Sign In
Free Newsletter
Fed may soon start buying bonds to manage market liquidity, Williams says
New York Fed President John Williams said the central bank may soon restart bond purchases to maintain control of short-term rates.
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
Wendy’s to close hundreds of U.S. restaurants to cut costs
Wendy’s plans to close up to 300 U.S. restaurants to boost profits and modernize remaining stores amid falling sales.
Trump warns US at risk if court ends his tariffs
WASHINGTON (AP) — President Donald Trump has warned that the United States will be rendered “defenseless” and possibly “reduced to almost Third World status” if the Supreme Court strikes down the tariffs he imposed this year on nearly every country on earth. The justices sounded skeptical during oral arguments Wednesday of his sweeping claims of authority to […]
US Steel details plans to invest $11B by 2028
U.S. Steel and new owner Nippon Steel unveiled an $11 billion plan to modernize facilities and boost efficiency, aiming to protect 100,000 U.S. jobs.
Conservative Supreme Court justices appear skeptical of Trump’s sweeping unilateral tariffs
Conservative justices raised doubts about President Trump’s broad use of emergency powers to impose tariffs, a key test of executive authority.
Amazon hoists Wall Street toward another winning week and month
Amazon shares surged 11%, lifting the S&P 500 closer to a record high as Wall Street capped its sixth straight winning month.
US home turnover rate hits lowest level in 30 years
Only 28 of every 1,000 U.S. homes changed hands this year, marking the lowest turnover rate since the 1990s amid a sluggish job market.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
US home sales accelerated in September to their fastest pace since February as mortgage rates eased
Existing U.S. home sales rose 1.5% in September as lower mortgage rates and more listings boosted buyer activity.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate dropped to 6.19%, its lowest since October 2024, as inflation and Fed policy ease pressure.
