US Home Prices Continue to Soar, Despite High Mortgage Rates
A new report from Realtor.com indicates that August home prices rose by 0.7 percent, upsetting the previous two months of year-over-year declines.
Diesel Shortage Testing Biden’s Take on ‘America First’: Industry Insider
How the Biden admin addresses the shortage of distillate fuel oil in the U.S. will show if President Joe Biden will put America first, said an industry insider.
America’s Biggest Banks See Surge in Deposit Withdrawals
America’s 25 biggest banks saw huge $90 billion outflow of deposits, a reversal from where larger financial institutions absorbed deposits from smaller banks.
Voters Pessimistic About Economy, Biden’s Leadership, WSJ Poll Finds
First survey in The Wall Street Journal’s new polling effort shows Republicans in strong position, though Democrats have advantages in some policy areas
WASHINGTON—Voters are...
Bank Deposit Bailouts Could Cost Taxpayers Billions
Following regional bank failures regulators were quick to guarantee all depositors for full balance of their bank accounts, even beyond $250,000 limit set by FDIC.
What Happens to Social Security Payments If the Government Shuts Down?
Experts say that some administrative operations at the Social Security Administration would be impacted by a government shutdown—but checks will still be sent.
Costco CEO: A Lot of People Are Experiencing a Recession Right Now and ‘Just...
Costco CEO Craig Jelinek warned middle class is OK financially, but people with less discretionary spending having difficulty with economy.
Anomaly in Employment Statistics Grows: How Many Americans Actually Work?
When surveyed by the government, employers report they have added people to their payrolls, but Americans say they are not actually working.
‘We’re Going to See a Lot of Bankruptcies’: Former CEO
Bob Nardelli, the former CEO of Home Depot, is warning about more bankruptcies hitting the U.S. economy, and blames lawmakers for their delay in...
Job Growth Slows to 209,000 in June, Falling Below Expectations
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS).
Biden Announces $3 Billion in New Military Aid for Ukraine
Biden said the United States is sending almost $3 billion more in military assistance to Ukraine, as the war there enters its seventh month.
Leading US Economic Indicator Falls for 10th Straight Month, Suggesting Recession Soon
Key indicator gauging health of American economy fell for tenth straight month in Dec, exceeding forecasts and suggesting a potential recession months ahead.
