Economic News
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Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere
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US consumer sentiment falls slightly as outlook for inflation worsens
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year
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How immigrant workers in US have helped boost job growth and stave off a recession
Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates — normally a recipe for a recession
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Stock market today: Asia stocks are mostly lower after Wall St rebound led by Big Tech
Asia stocks are mostly lower after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before
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Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales
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Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it
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As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
The European Central Bank has opened the door for an interest rate cut as early as its June meeting
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US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates
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No inflation here: Affordable Masters' menu still includes $1.50 pimento cheese sandwiches
Inflation may be driving up food cost around the country, but patrons generally won’t see those increases at Augusta National
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Stock market today: Asian shares are mixed, taking hot US inflation data in stride
Asian shares are mixed after U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend
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