Yahoo Finance The average rate on a 30-year mortgage rose to 6.95% this week, Freddie Mac says, ending a four-week rate slide
LOS ANGELES (AP) — The average rate on a 30-year mortgage rose to 6.95% this week, Freddie Mac says, ending a four-week rate slide.
LOS ANGELES (AP) — The average rate on a 30-year mortgage rose to 6.95% this week, Freddie Mac says, ending a four-week rate slide.
"Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.
Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025.
(Bloomberg) -- Of the countless meetings that China’s Communist Party holds regularly, the Third Plenum stands out for its potential impact on the world’s second-largest economy. The typically once-in-five-years conclave of top officials usually deals with major economic and political policy changes. Paramount leader Deng Xiaoping famously used the 1978 event to announce China’s opening up and pivot to allow market forces to play a role in what was then a Soviet model of central planning. On Jul
While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.
Biden hits the campaign trail amid calls to abandon presidential race, Houston coast braces for Hurricane Beryl, and more news to start your day.
A former adviser to the People's Bank of China has said the country's central government should issue more treasury bonds to replace local debt, a call paired with entreaties for deeper reforms to address weak demand ahead of a crucial economic meeting this month. According to Li Daokui, director of the Academic Centre for Chinese Economic Practice and Thinking at Tsinghua University, high local debt loads have already dampened economic growth. Li, who was an adviser to China's central bank betw
New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Credit card delinquencies and debt are also on the rise.
(Reuters) -German exports fell more than expected in May due to weak demand from China, the United States and European countries, data from the federal statistics office showed on Monday. Exports fell by 3.6% in May compared with the previous month, almost double the 1.9% decrease forecast by analysts in a Reuters poll. The foreign trade balance showed a surplus of 24.9 billion euros ($26.9 billion) in May, following 22.2 billion euros in April and 16.8 billion euros in May of the previous year.
Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge. Prabowo and his team have tried to distance themselves from any suggestions of fiscal profligacy, and to assure market participants the incoming government respects the legal debt limits that cap its budget deficit at 3% of economic output. But for a market just getting accustomed to stability and recognition for fiscal prudence under current Finance Minister Sri Mulyani Indrawati, the mere suggestion of heavy spending has been unsettling.
(Bloomberg) -- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment.Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossHedge Funds That Piled Into Big Tesla Short Stung by RallyBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesFrench Left Set for Shock Victory Ov
The global temperature in June was record warm for the 13th straight month and it marked the 12th straight month that the world was 1.5 degrees Celsius (2.7 degrees Fahrenheit) warmer than pre-industrial times, according to the European climate service Copernicus.
Canada's longest river is at historically low levels, stranding communities that rely on it for essential goods and alarming First Nations along its banks who have never known the mighty Mackenzie to be so shallow.
This was not very subtle.
With the champagne on ice, they thought they were on the brink of victory - but it didn't happen.
“Don’t talk like that,” the former president’s aide was told on Newsmax.
The youngest daughter of celebrated Canadian author Alice Munro has opened up about sexual abuse by her stepfather and the deep hurt she felt when her mother chose to support her husband instead of her child.
“Honestly, I thought there might be a little more legwork involved” in debunking the former president’s comment, said the MSNBC host.
Kate Middleton shared a heartfelt message across the Prince and Princess of Wales' social media profiles.
Married schoolteachers bought their dream home in Sun Valley. Then a mentally ill neighbor's hoarding turned it into a prison.
The 'Real Housewives of New Jersey' star poked fun at her editing fail by reposting fans' versions of her image with Pippen in London, Rome, Cairo and China