Foreclosure filings jump to six-year high as rising property taxes, insurance costs and debt strain U.S. homeowners
Homes with foreclosure filings jumped 26% in the first quarter, reflecting in part rising property taxes and insurance premiums that
Economics
Americans are pouring a lot more money into their gasoline tanks than they were even a week ago
A 33-cent jump in the price of regular gasoline in a single week is hitting wallets fast, with the summer
The U.S. will raise tariffs on automobiles from the European Union to 25% from 15%, President Trump said Friday
The president said tariffs will go from 15% to 25% and accused the bloc of failing to comply with a
U.S. Factory Activity Expands in April
The Institute for Supply Management’s purchasing managers’ index was 52.7 last month, in line with March, as price pressures rose
The Minneapolis Fed president wrote that heightened inflation risks from the Iran war led him to object to the Fed’s policy statement this week that implied the central bank’s next move is likely to be a rate cut
Neel Kashkari wrote Friday that the central bank should signal that its next rate change could be either a cut
President Trump said he would remove tariffs on products associated with whisky from the United Kingdom, saying King Charles III had persuaded him to lift the levies
The president credited the British royals for persuading him to lift the levies. Source link
U.S. economic growth picked up in the first quarter as businesses invested heavily in AI, rebounding from a fourth quarter dented by a government shutdown
Gross domestic product grew at a 2% rate in the first quarter, rebounding from a fourth quarter dented by a
Canada Economy Returns to Growth, Though Activity Cools in March
Canada’s economy rebounded in the first quarter despite signs activity tailed off in March even with a spike in energy
If these were normal times, Jerome Powell would have just finished his last Fed meeting and would next month relinquish his chairmanship and his separate seat as governor. These are not normal times.
His presence raises the stakes should Trump renew his attacks on the central bank’s independence. Source link
France’s Economy Stalled in First Quarter as Energy Shock Weighs
The French economy had a weak start to the year, and is expected to struggle ahead as a jump in