Oct 01 Average long-term U.S. mortgage hits highest level in nearly 3 years By Michelle Chapman, Associated Press The benchmark 30-year fixed-rate mortgage rose to 7.28%, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%. Continue reading
Oct 01 Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows By Jill Colvin, Linley Sanders, Associated Press A majority, 65%, of U.S. adults now blame Trump’s policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with Iran. Continue reading
Oct 01 U.S. unemployment claims dip to the lowest since mid-July By Paul Wiseman, Associated Press Layoffs remain low and most American workers enjoy job security. Continue reading
Oct 01 More swings for bond yields rattle financial markets worldwide By Stan Choe, Associated Press High yields slow the economy by making it more expensive for everyone to borrow money, while undercutting prices for stocks and other investments. Continue reading
Sep 30 Watch 5:58 News Wrap: Watchdog finds no criminal activity by Powell related to Fed renovation In our news wrap Wednesday, the Federal Reserve's Inspector General found no criminal activity by former Chair Jerome Powell related to the renovation of the central bank's headquarters, Pete Hegseth announced that the Pentagon will cut the number of its… Continue watching
Sep 30 No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged By Christopher Rugaber, Associated Press The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. Continue reading
Sep 30 U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate By Paul Wiseman, Associated Press The U.S. economy has proven surprisingly resilient in the face of fighting with Iran and the energy price spike it caused. Continue reading
Sep 29 Watch 6:37 Self-regulation 'not enough' for AI safety, Gary Marcus says By Geoff Bennett, Karina Cuevas, Genesis Magpayo Top tech executives met with President Trump on Tuesday to discuss the future of artificial intelligence amid growing concerns over AI models losing control. Researchers and lawmakers are calling for stronger safeguards, but Trump said the technology is transforming the… Continue watching
Sep 29 Watch 6:17 News Wrap: Supreme Court allows Trump's deportations to third countries, for now By PBS News Hour In our news wrap Tuesday, the Supreme Court is allowing the Trump administration to continue deporting migrants to countries other than their own for now, federal prosecutors charged a Venezuelan delivery driver who was shot by an ICE officer with… Continue watching
Sep 29 Americans' opinion of economy drops to lowest level since 2014 By Matt Ott, Associated Press Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war. Continue reading