PPI September2023: Wholesale inflation rose 0.5%
A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. The producer price index, which measures...
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill...
Housing industry urges Powell and Fed to stop raising interest rates
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the...
As Social Security faces shortfall, some propose investing in stocks
Wand_prapan | Istock | Getty Images The trust funds that Social Security relies on to pay benefits are “rapidly heading to zero,” according to the...
Mortgage demand falls to lowest level since 1996
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Mortgage rates just continue to climb higher,...
Something is breaking in financial markets: What’s behind the sell-off
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 28, 2023. Brendan McDermid | Reuters That cracking...
U.S. Treasury yields: investors weigh economic outlook
The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level...
Ray Dalio says the U.S. is going to have a debt crisis
Roy Rochlin | Getty Images Entertainment | Getty Images Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation. “We’re going to have...
60% of Americans are still living paycheck to paycheck
After a prolonged period of high inflation and higher interest rates, Americans are just getting by. As of August, 60% of adults said they are...
U.S. is weaker now than when we downgraded in 2011
Washington, D.C. – March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S....