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Economy
Economy | LATEST STORIES
US News
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Mark Gilman
Home Prices and Mortgages Aren’t Dropping Anytime Soon, Say Experts
Industry experts warn that buyers closing deals out of ‘fear of missing out’ may be ruining their financial futures.
May 01, 2024
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Mark Gilman
9 hours
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Inflation
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Andrew Moran
Fed Leaves Interest Rates Unchanged as ‘Inflation Risks’ Persist
Fed Chair Powell says his confidence in inflation moving back down is lower than before.
May 01, 2024
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Andrew Moran
11 hours
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Business Columnists
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Michael Wilkerson
Japan’s Warning for America
May 01, 2024
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Michael Wilkerson
13 hours
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Business & Markets
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Naveen Athrappully
Economic Expectations Gauge Plunges Signaling a Looming Recession
Over the next six months, it is estimated that fewer American consumers plan on buying homes or big-ticket appliances.
May 01, 2024
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Naveen Athrappully
15 hours
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US News
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Tom Ozimek
Biden Administration’s New Climate Rules Add $31,000 to Price of New Home, Industry Groups Say
‘This senseless nationwide codes mandate will significantly raise housing costs,’ said NAHB chairman Carl Harris.
Apr 30, 2024
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Tom Ozimek
Apr 30
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US News
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Andrew Moran
Yellen Says Americans Are ‘Better Off’ Despite Higher Price Inflation
The Treasury Secretary refutes the Republican argument that President Joe Biden is raising taxes.
Apr 30, 2024
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Andrew Moran
Apr 30
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Business Columnists
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Daniel Lacalle
Weaker Growth and Higher Inflation: Why Consensus Was Wrong
Apr 30, 2024
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Daniel Lacalle
Apr 30
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Policies & Impacts
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Andrew Moran
US Labor Costs Rise in 1st Quarter; Another Problem in Inflation Fight
Government compensation outpaced private industry in the first quarter.
Apr 30, 2024
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Andrew Moran
Apr 30
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Business & Markets News
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Jon Sun
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Michael Zhuang
Japan’s Yen Plummets to 34-year Low Against US Dollar
Former President Donald Trump has expressed concern about the depreciation of the yen.
Apr 30, 2024
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Jon Sun
Apr 30
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US News
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Andrew Moran
US Government Plans to Borrow More This Quarter Amid Disappointing Tax Receipts
Treasury aims to borrow $1 trillion over the next six months.
Apr 30, 2024
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Andrew Moran
Apr 30
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Australia News
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AAP
Bonza Suspends Flights, Airline’s Future in Doubt
Bonza was the latest entrant into Australia’s super-competitive airline market.
Apr 29, 2024
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AAP
Apr 29
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Inflation
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Naveen Athrappully
Food Prices Expected to Rise 2.2 Percent With Eggs, Sugar, and Beef Leading the Surge
The cost increases comes as two-thirds of American consumers struggle to afford daily grocery expenses.
Apr 29, 2024
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Naveen Athrappully
Apr 29
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Business Columnists
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Michael Wilkerson
Stock Prices Defy Economic Weakness
Apr 29, 2024
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Michael Wilkerson
Apr 29
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Australia News
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Jim Birchall
Historic Queensland Sugar Mill to Close After 127 Years
Far North Queensland produces 95 percent of Australia’s sugar, and the mill, Established in 1894, has a long history of sugar production.
Apr 29, 2024
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Jim Birchall
Apr 29
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Companies
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Tom Ozimek
Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024
The FDIC entered into an agreement with Fulton Financial to assume the deposits and assets of the failed bank.
Apr 27, 2024
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Tom Ozimek
Apr 27
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Economic Policies
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Indrajit Basu
America’s Fiscal Cliff: IMF, Experts Urge Path to Financial Stability
Apr 26, 2024
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Indrajit Basu
Apr 26
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Global Expansion
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Shawn Lin
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Michael Zhuang
China’s Steel Oversupply Sparks Global Trade Tensions, Strategic Concerns
‘China’s steel overcapacity is not just an economic issue but a strategic consideration,’ Wang He said.
Apr 26, 2024
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Shawn Lin
Apr 26
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Policies & Impacts
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Andrew Moran
Washington’s Fiscal Mess Is Irresponsible, Unethical, Immoral: Former US Comptroller General
‘We’ve lost our sense of stewardship,’ David Walker said.
Apr 26, 2024
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Andrew Moran
Apr 26
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US News
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Andrew Moran
Slowing GDP, Rising Inflation Bad Timing for Biden, Bad News for the Fed
‘This is Bidenomics,’ former President Donald Trump said on Thursday. ‘It’s destroying our country.’
Apr 26, 2024
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Andrew Moran
Apr 26
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Economy
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Tom Ozimek
JPMorgan CEO Issues Dire Warning About Biden Admininistration’s ‘Huge’ Deficit Spending
‘Deficits which basically aren’t going to go away as far as the eye can see,’ JPMorgan CEO Jamie Dimon said, while warning of stagflation.
Apr 25, 2024
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Tom Ozimek
Apr 25
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