Mortgage rates drop for the 1st time in months
There’s good news for would-be home buyers.
U.S. economy
US inflation worsened last month, putting Fed in difficult spot as job market slows
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Car companies paid $1B+ in tariffs
U.S. tariffs hit car companies hard in July.
Industries losing jobs due to tariffs
Some of the industries most exposed to tariffs are losing jobs.
Wall Street ticks toward another record
U.S. stocks are ticking toward another record on Tuesday.
Home-buyers feeling uncertain
A recent report shows home purchases are getting cancelled at a record rate.
Trump’s job market promises fall flat as hiring collapses and inflation ticks up
The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold.
Unemployment highest in 4 years
The latest jobs report by the U.S. Bureau of Labor Statistics is out.
Social security call center wait times under investigation
A social security watchdog has opened an investigation into the Social Security Administration’s call center.
Kennedy tries to defend COVID-19 vaccine stance in raucous Senate hearing
U.S. Health Secretary Robert F. Kennedy Jr., facing pointed bipartisan questioning at a rancorous three-hour Senate committee hearing on Thursday, tried to defend his efforts to pull back COVID-19 vaccine recommendations and explain the turmoil he has created at federal health agencies.
