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The Commerce Department will release its second of three estimates of growth for the January-March quarter as measured by the gross domestic product. (AP Photo/Alan Diaz)
Business

Economic growth surged in third quarter to 4.9% rate despite high interest rates

Zach Halaschak -
0
Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.
Business

New home sales increase in September to highest rate in 19 months

Zach Halaschak -
0
India’s Prime Minister Narendra Modi and President Biden, June 2023.
News

Buying now 50% more expensive than renting, thanks to soaring mortgage rates

Zach Halaschak -
0
Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.
Economy

Housing disaster threatens economy in front of Biden’s eyes

Joseph Lawler, Zach Halaschak -
0
Stack of multicolored credit cards close-up view with selective focus.
Business

Interest rates for retail credit cards hit record as Fed works to contain inflation

Zach Halaschak -
0
Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.
News

Ten-year Treasury yield touches 5%, highest since before Great Recession

Zach Halaschak -
0
Wealth of black households report 60% increase since 2019
News

Wealth of black households report 60% increase since 2019

Jenny Goldsberry -
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Sen. Chuck Schumer of New York. (AP Photo/J. Scott Applewhite)
News

Housing market red alert: Mortgage rates hit 8%, highest since turn of century

Zach Halaschak -
0
Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York.
News

Powell appears to rule out rate hike at next meeting, leaves door open to more later

Zach Halaschak -
0
A man, third from right, throws water on climate activists protesting on a stage before Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York on Thursday, Oct. 19, 2023, in New York.
News

Climate protesters interrupt major speech by Fed Chairman Jerome Powell

Zach Halaschak -
0
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