Articles

Mortgage rates fall to a five-month low as Fed signals possible September cut. How much lower will 30-year rates fall — and when?

Will mortgage rates drop significantly in the coming months, with the Fed potentially cutting rates in the near future? Four economists weigh in.

Climate change and extreme weather are making retirement even more stressful — and expensive

Extreme weather poses risks to retirement — as much as healthcare costs and debt

Sinking Treasury yields signal growing jitters about `everything’ ahead of Friday jobs report

Yields on U.S. government debt continued to sink on Thursday in a sign of the bond market’s growing nervousness about the overall strength of the economy ahead of Friday’s nonfarm payrolls report for July.

C.H. Robinson’s new operating model off to a good start, say analysts, as shares skyrocket

C.H. Robinson Worldwide Inc.’s new operating model is off to a good start, say analysts, after the shipping logistics provider’s better-than-expected second-quarter profit.

July jobs forecast: 185,000 new jobs and 4.1% unemployment. But it could be worse.

The U.S. jobs market isn’t creating any many new jobs as it was a year ago. The economy has slowed because of high interest rates and that’s reduced the demand for labor.

Hertz’s stock gains even as losses mount, value of car fleet keeps falling

Hertz’s stock fell Thursday, after the rental car company reported another wider-than-expected loss, but said it expects the rapid depreciation of its vehicles to slow as it pushes to complete its “fleet refresh.”

Bank of England governor asked about curious currency move before rate decision

The governor of the Bank of England was asked about a move in the U.K. currency market ahead of the rate decision.

Construction spending falls for second straight month in June, adding to sense of cooling economy

The more the U.S. spends on construction, the higher the level of economic activity.

This is where Meta stands out in AI — for better or for worse

While Meta is a strong play on consumer AI, other large technology companies are better positioned in generative AI so far.

Slump goes on: Manufacturers contract for fourth month in a row, ISM finds

A key barometer of U.S. factories fell in July for the fourth month in a row and hit an eight-month low, a sign that an ongoing slump in the industrial side of the economy has deepened.

Car loans could start getting cheaper this fall. But affordability roadblocks remain for car buyers.

Car-loan interest rates should begin easing off their two-decade highs once the Federal Reserve starts decreasing its benchmark rate, auto-industry experts say. The bad news is that vehicle prices remain steep.

Jobless claims jump to nearly one-year high of 249,000 — but it’s not as bad as it looks

The number of Americans who applied for unemployment benefits last week jumped to a nearly one-year high of 249,000, but the part of the increase was tied to annual auto-plant shutdowns and the details of the report were less alarming.
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