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USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S.
USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S. disability, unemployment benefits. AS USA
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“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about
“Why the current tightening cycle is unlike anything we’ve observed in the past.”
By Wolf Richter for WOLF STREET.
When Canada’s Consumer Price Index for May was released a couple of days ago, it was – “as expected,” I would say –…
Dan Yergin on oil prices falling despite tight supply, Russia tensions
Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia's war in Ukraine.Oil prices had been increasing since last year, spiking to highs…
Mortgage rates rise again, pricing more buyers out of the housing market
The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, edging up from 5.78% the week before, according to Freddie Mac.This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter…
Gas prices may inch down — but that’s not all good news
There's good news and bad news on the gas prices front. Good news: Some price relief could be on the way. The bad news: It's because traders are betting on a recession.In simple terms, there are two ways to bring down prices: Increase…
Biden, Chevron chief trade sharp words over gas prices
WASHINGTON (AP) — In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil…
Elon Musk clarifies Tesla layoffs after ex-employees sue company
Tesla CEO Elon Musk.Patrick Pleul | AFP | Getty ImagesElon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached U.S. labor…
Opinion | A generation of homeowners encounters a strange new market
Placeholder while article actions loadAs recently as March, a 30-year fixed mortgage looked like a very good deal. The average interest rate was under 4 percent, even though inflation was more than twice that.That divergence couldn’t…
Strikes, inflation, slump… back to the 70s? More like the unwinding of
This is not the 1970s all over again, notwithstanding the apparent similarities – oil shocks, recession, seasons of discontent, inflation. What we are living through is something more profound. It is the painful unwinding of the…
Stimulus checks rewired how some Americans see money
Ciydemimages | E+ | Getty ImagesFor Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money.Diaz, a mother of three who lives outside Orlando, Florida,…