Mortgage rates fall for first time in six weeks
The average long-term US mortgage inched back down this week after five straight weeks of increases, good news for homebuyers ...
Tag: Economy
Goldman Sachs, JPM raise recession probability after SVB
The pressure on small and mid-sized US banks following the swift downfall of SVB Financial Group could further slow the economy, and will likely raise the probability of ...
Jobless claims drop by 20,000 — more than expected
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, ...
Credit Suisse fears linger, Swiss National Bank approves $54B loan
Shares of Credit Suisse rebounded Thursday after Swiss National Bank extended a $54 billion lifeline — but investors remained skittish ...
Retail sales dip 0.4% in February after January buying burst
America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. ...
Kevin O’Leary grilled on why he kept money at SVB
“Shark Tank” star Kevin O’Leary faced a grilling Tuesday night for allowing his companies to do business with Silicon Valley ...
Signature Bank boss Scott Shay led seminar on pronouns
Scott Shay — chairman of the doomed Signature Bank — co-hosted a company seminar last October in which employees were ...
Inflation rose 6% in February as Fed mulls more rate hikes
Inflation rose in February as sudden turmoil in the US banking sector sparked uncertainty about the Federal Reserve’s next move ...
US employers add 311,000 jobs in February, more than expected
The US economy added jobs at a solid clip in February, likely ensuring that the Federal Reserve will raise interest rates for ...
Job openings dip in January, but still high at 10.8 million
US employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for ...
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