Chief Economists’ Outlook: May 2026
The May 2026 Chief Economists’ Outlook opens on a more pessimistic note than the January edition. Drawing on…
US weekly jobless claims increase marginally amid low layoffs
WASHINGTON, May 28 (Reuters) – The number of Americans filing claims for unemployment benefits increased marginally last week…
US April durable goods orders +7.9% vs +3.5% expected
Prior was +0.8% (revised to +1.3%)Durable goods orders ex-transport +1.1% vs +0.5% expectedPrior ex-transport +0.9% (revised to +1.1%)Durable…
Average US long-term mortgage rate climbs to 6.53%, highest level in nine months
The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another…
No Chinese subsidies involved in Ceconomy deal, JD.com says
BRUSSELS, May 28 (Reuters) – JD.com’s acquisition of German retailer Ceconomy will not be financed by Chinese subsidies,…
Tariff Fears Are Rattling the Market. Here’s What 100 Years of Data Says About What Happens Next.
Tariffs have been a hot-button topic for both businesses and consumers over the last year. Now that tariff…
Trump Gets Big Warning as America Loses One Million New-Car Buyers – The Daily Beast
Trump Gets Big Warning as America Loses One Million New-Car Buyers The Daily BeastOne Million New-Car Buyers Are Gone…
Russian Wage Arrears Nearly Double as Regional Budgets and Businesses Come Under Strain
Russia’s overdue wage debt nearly doubled in April from a year earlier and surged almost sixfold since the…
Canada has a $500-billion opportunity if it acts more like the U.S., Balsillie says
Canada can capture a $500-billion economic opportunity if it overhauls its policies to mirror those of the United…
Mortgage Rates Officially Hit 2 Week Lows
We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost…
Treasury Secretary calls economy ‘challenging’ as inflation rises and growth slows
WASHINGTON (TNND) — Thursday marked three months of the United States at war with Iran and three months…
Home purchase loans plummet to 12-year low as high mortgage rates wreak havoc on affordability
US home purchase lending plunged to its lowest level in 12 years at the start of 2026, dragged down by…