Economy
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Economy | LATEST STORIES
Fed Governor Lisa Cook Unsure About December Interest Rate Move
Cook’s comments add to the growing sentiment that a rate cut next month is not guaranteed.
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Treasury Secretary Bessent to Attend Tariffs Argument at Supreme Court
Bessent said he’ll be in court ‘to emphasize that this is an economic emergency.’
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US Consumer Credit Profiles Diverge as Both Low- and High-Risk Borrowers Rise
The average credit card debt was $6,523 in the third quarter—the highest in the past three years, TransUnion reported.
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Bessent Suggests US Already in Housing Recession, Calls for Lower Interest Rates
‘If the Fed brings down mortgage rates, then they can end this housing recession,’ the US Treasury secretary said.
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Oil Prices Shrug Off OPEC+ Plans to Pause Supply Hikes
The oil cartel’s recent decision could mitigate global oil supply glut fears.
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US Could End Dependency on Chinese Rare Earths Within 18 Months, Trump Says
The president said that China’s ability to threaten America and its allies by dominating the critical minerals sector will soon fade.
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Trump Now Says He Won’t Attend Tariffs Case at Supreme Court
The president had said Oct. 15 he would attend but now says his presence would be a distraction from an important court case.
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AI Taking Its Toll on Jobs–What to Know
An analyst said that white-collar analytical jobs are most at risk from AI integration, while manual labor jobs face risk from robotics.
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Wall Street Review: Stocks Climb as Tailwinds Strengthen
Easing U.S.–China trade tensions, a Fed rate cut, a wave of corporate deals, and stronger-than-expected earnings boosted stocks this week.
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China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent
The Treasury chief said Beijing’s export controls have alerted trading partners to the dangers of relying on China for critical minerals.
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US Home Turnover Hits Lowest Rate in Decades, Redfin Reports
Only 28 out of every 1,000 single-family homes have been resold this year.
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Truck Tariffs to Take Effect, With Mexico and Canada Sharing Brunt of Impact
The U.S. trade deficit with Mexico for medium- and heavy-duty trucks soared higher than $5.1 billion in 2024.
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US Abandoned Foreclosures Decline as Housing Demand Holds Up: Report
Nationwide, 1.32 percent of homes sat vacant, a 0.01 percent decrease from vacancy rates in the previous quarter.
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US Oil Industry Braces for Lower Prices in 2026
Experts warn that global energy markets could be oversupplied in the near term, which is expected to further weigh on oil prices.
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More US Parents Leave Work as Child Care Costs Outpace Inflation, BofA Reports
Child care costs rose by 5.2 percent year over year in September.
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Fed’s Jerome Powell Says AI Investment, Spending Not a Bubble
‘This is different’ than the dot-com bubble, Fed Chair Jerome Powell said.
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Senate Votes Against New Tariffs on Canada
Four Republicans joined with Democrats to vote against President Donald Trump’s authority to impose additional tariffs on Canada.
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Fed Cuts Rates by Quarter Point
Federal Reserve Chairman Jerome Powell says another rate cut in December is ‘not a foregone conclusion.’
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US, South Korea Finalize Trade Deal Reducing Tariffs, Boosting American Investment
The deal will set American tariffs on Korean goods at 15 percent. South Korea is committed to investing $350 billion in the United States.
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US Refinance Demand Surges 111 Percent Annually as Mortgage Rates Continue Falling
Economists expect more room for lower interest rates as the Federal Reserve eases policy.
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Fed Governor Lisa Cook Unsure About December Interest Rate Move
Cook’s comments add to the growing sentiment that a rate cut next month is not guaranteed.
|
Treasury Secretary Bessent to Attend Tariffs Argument at Supreme Court
Bessent said he’ll be in court ‘to emphasize that this is an economic emergency.’
|
US Consumer Credit Profiles Diverge as Both Low- and High-Risk Borrowers Rise
The average credit card debt was $6,523 in the third quarter—the highest in the past three years, TransUnion reported.
|
Bessent Suggests US Already in Housing Recession, Calls for Lower Interest Rates
‘If the Fed brings down mortgage rates, then they can end this housing recession,’ the US Treasury secretary said.
|
Oil Prices Shrug Off OPEC+ Plans to Pause Supply Hikes
The oil cartel’s recent decision could mitigate global oil supply glut fears.
|
US Could End Dependency on Chinese Rare Earths Within 18 Months, Trump Says
The president said that China’s ability to threaten America and its allies by dominating the critical minerals sector will soon fade.
|
Trump Now Says He Won’t Attend Tariffs Case at Supreme Court
The president had said Oct. 15 he would attend but now says his presence would be a distraction from an important court case.
|
AI Taking Its Toll on Jobs–What to Know
An analyst said that white-collar analytical jobs are most at risk from AI integration, while manual labor jobs face risk from robotics.
|
Wall Street Review: Stocks Climb as Tailwinds Strengthen
Easing U.S.–China trade tensions, a Fed rate cut, a wave of corporate deals, and stronger-than-expected earnings boosted stocks this week.
|
China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent
The Treasury chief said Beijing’s export controls have alerted trading partners to the dangers of relying on China for critical minerals.
|
US Home Turnover Hits Lowest Rate in Decades, Redfin Reports
Only 28 out of every 1,000 single-family homes have been resold this year.
|
Truck Tariffs to Take Effect, With Mexico and Canada Sharing Brunt of Impact
The U.S. trade deficit with Mexico for medium- and heavy-duty trucks soared higher than $5.1 billion in 2024.
|
US Abandoned Foreclosures Decline as Housing Demand Holds Up: Report
Nationwide, 1.32 percent of homes sat vacant, a 0.01 percent decrease from vacancy rates in the previous quarter.
|
US Oil Industry Braces for Lower Prices in 2026
Experts warn that global energy markets could be oversupplied in the near term, which is expected to further weigh on oil prices.
|
More US Parents Leave Work as Child Care Costs Outpace Inflation, BofA Reports
Child care costs rose by 5.2 percent year over year in September.
|
Fed’s Jerome Powell Says AI Investment, Spending Not a Bubble
‘This is different’ than the dot-com bubble, Fed Chair Jerome Powell said.
|
Senate Votes Against New Tariffs on Canada
Four Republicans joined with Democrats to vote against President Donald Trump’s authority to impose additional tariffs on Canada.
|
Fed Cuts Rates by Quarter Point
Federal Reserve Chairman Jerome Powell says another rate cut in December is ‘not a foregone conclusion.’
|
US, South Korea Finalize Trade Deal Reducing Tariffs, Boosting American Investment
The deal will set American tariffs on Korean goods at 15 percent. South Korea is committed to investing $350 billion in the United States.
|
US Refinance Demand Surges 111 Percent Annually as Mortgage Rates Continue Falling
Economists expect more room for lower interest rates as the Federal Reserve eases policy.
|