Blue states like New York bleeding wealth to red states
It’s being called the biggest wealth transfer in history. Nearly $2 trillion in economic growth has left blue…
Russian Economy Shrinks in the First Quarter
Russia’s economy contracted at the beginning of the year as weak business activity and declining oil and gas…
Study: Lower-income Americans are using less gas but being hit the hardest by the price spike
WASHINGTON (AP) — Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet…
Mortgage Rates Erase Early Improvement
The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond…
Mexican headline inflation eases for the first time since December, paves way for rate cut
By Aida Pelaez-Fernandez MEXICO CITY, May 7 (Reuters) – Mexico’s annual headline inflation rate decelerated in April for…
Canadian Oil Producers Push for New Pipelines Amid Rising Output
Canada’s oil sands sector could deliver significant long-term production growth, but industry leaders say future expansion will depend…
Here’s how the stock market may trade the April jobs report, according to JPMorgan
As Wall Street counts down to Friday’s jobs report, JPMorgan’s trading desk sees several potential outcomes that could…
Corporate earnings surge means a ‘resilient’ Trump economy
Ken Griffin, the billionaire chief of the Citadel Investment empire, recently expressed his amazement at how President Donald…
Americans owe a record $1.68 trillion in car loans
Some types of debt seem inescapable. Tens of millions of American are saddled with mortgages, student loans, credit…
Tourists stay less but spend more
A new study has identified shorter visitor stays, widening regional disparities and fatigue in traditional markets as key…
US long-term mortgage rate bounce back to levels seen 4 weeks ago
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil…
Warning lights for recession ‘flashing red,’ Downtown DC business leader says
Business leaders in Downtown D.C. said they’re worried about the direction of the area and the region, and…