The Federal Reserve is poised to cut interest rates this week, but whether the era of “higher-for-longer” rates is over is another matter.
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The return-to-office orders have taken on new weight amid a softening labor market and broader economic anxiety.
According to US Customs, untaxed “de minimis” shipments accounted for 92% of all cargo entering the US, or 4 million packages a day.
Morgan Stanley analysts think the US economy has been in a “rolling recession” since 2022 — and it may already be almost over.
The latest jobs report appeared to confirm that America’s labour market is slowing, which may clinch the rate cut markets are salivating over.
Small, mountainous Switzerland — a country that ranks 61st in the world by total area — is one of the world’s biggest investors in the US.
In an interview with Barron’s, Lowe’s CEO Marvin Ellison said a rebound is inevitable in America’s something’s-gotta-give housing market
Two key forces were to thank: consumers, who spent more than original estimates, and businesses, which did the same.
India now sources 39% of its crude oil from Russia, compared to just 1% before Russia’s invasion of Ukraine.
While the pain to building owners has been deep and long-lasting, the predictions of Office Armageddon are proving somewhat premature.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
Prices for existing homes in the US inched up just 0.2% in July, according to a National Association of Realtors report published Thursday.
President Trump placed 25% tariffs on aluminum and steel imports in March via executive order, before hiking the rate to 50% on Tuesday.
A full 37% of homebuilders have slashed prices this month, down ever so slightly from a record 38% in July.
The Trump administration’s “drill, baby, drill” ambitions have been hampered by the reality of the global oil market.
The laws of business gravity say that when costs go up, those costs will, eventually, trickle down to the consumer.