high

The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the price increases have been “substantial,”…

An economist we spoke with on Thursday talked about the “trifecta” of bad news on the housing market that came out this week: Sales of new homes fell 4.7% in April from March. Sales of existing homes dropped by…

9 Mins AgoEther leads crypto rally on late surge in ETF optimismCrypto prices rallied on Monday amid a late surge in optimism around the U.S. Securities and Exchange Commission decision on spot ether exchange-traded funds applications,…

An economist offered an explanation for a paradox that has emerged in recent data showing that spending has remained robust even as consumers report feeling pessimistic. Joanne Hsu, who is the director of the University of Michigan’s…

CNN  —  As officials assess the damage from destructive storms in the Houston area that killed at least seven…

17 Mins AgoDow closes at a record high above 40,000The Dow Jones Industrial Average rose to another record close on Friday afternoon.The 30-stock index rose 134.21 points, or 0.34%, to settle at 40,003.59. The benchmark had first crossed…

(Kitco News) – With the Federal Reserve signaling at their May meeting that they fully intend to keep interest rates at highs not seen in over 20 years until stubborn inflation levels show sustained improvement, market participants have…

The dark cloud hanging over the US real estate market may be casting an even longer shadow on REITs, or real estate investment trusts. The Federal Reserve's sentiment on keeping interest rates higher for longer has prolonged elevated…

3:22 p.m. ET, May 1, 2024…

Buying a house is costlier than anytime in at least the last decade, with property buyers hit with the double whammy of rising mortgage rates and home prices, according to real estate company Redfin.The average interest rate on a fixed…