Economic News
-
Trump wants the midterms to be all about himself. Judging by the ads, Democrats are happy to oblige
President Donald Trump says he wants voters to pretend that he's on the ballot in this year’s midterm elections
-
Commercial goods are no longer entering Gaza, raising fears of worsening shortages in the territory
No commercial goods are entering the Gaza Strip, Israeli authorities said, attributing the suspension to local vendors they said are fed up with Hamas raising taxes on them
-
US consumers are muscling through higher prices, but for how long?
High gas prices are intensifying inflation and vacuuming up more of Americans’ dollars, yet consumers are still digging deep to spend, powering the economy, at least for now
-
Average long-term US mortgage rate holds at 7.4%, remaining at highest level in nearly 3 years
Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years
-
Wholesale inflation reaches levels last seen in 2022
Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections
-
Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills
Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August
-
US retail trade group forecasts healthy holiday sales, in part due to inflation
Don’t underestimate U.S. shoppers when it comes to shelling out money for the winter holidays
-
IMF says African economies performing well despite shocks from the Iran war
The head of the International Monetary Fund’s Africa department says African economies have managed to weather the energy crisis brought on by the Iran war
-
The number of Americans filing for jobless aid remain at historically low levels below 200,000
U.S. applications for unemployment benefits inched up last week as layoffs remain historically low and most American workers enjoy job security
-
Taiwan chipmaker TSMC explores Texas investment to expand production in the US
Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas
- More Economic News »




