Economics

Power Corridor

The Great Housing Crisis

Photo by Tom Rumble on Unsplash

As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely…

3 min read

Photo by Kleomenis Spyroglou on Unsplash

OP-ED | Power Corridor

The Fatalist U.S Consumer

Americans are going to shop until they drop – Inflation and interest rates are up, the labor market is cooling, the pumpkins are out and the Halloween…

1 min read
(Photo Credit: Joshue Hoehne/Unsplash)

Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read
(Photo by m. on Unsplash)

Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read

Power Corridor

Goldin Wins Nobel Prize for Studies of Women in Workplace

Photo by Editing1088 under CC BY-SA 4.0

Harvard University labor economist and historian Claudia Goldin, 77, won the Nobel Prize in Economics women in the workforce.

1 min read

Photo by Itai Aarons on Unsplash

Power Corridor

Surviving the Roller-Coaster Ride that Is the U.S. Economy

The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.

3 min read
(Photo by Jose Losada on Unsplash)

Real Estate

It’s Not Just Commercial Landlords Fretting Over New High in Vacancies

Office vacancy rates in major cities have risen to worrisome levels while investments into commercial real estate are in retreat.

2 min read
(Photo by Aboodi Vesakaran on Unsplash)

International Economics

Ireland Is Launching a Sovereign Wealth Fund

On Tuesday, Ireland said it wants to leverage its corporate tax revenue from tech giants to create a sovereign wealth fund.

1 min read

International Economics

Oil Leaps, Shekel Falls After Israel Declares War

(Photo by Alex Simpson on Unsplash)

Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.

2 min read

(Photo Credit: Avery Evans/Unsplash)

Economics

US Consumers Are Taking a Credit Card Break

Facing eye-watering amounts of debt and record-high interest rates, US consumers have started charging less on their credit cards.

1 min read
(Photo by Scott Webb on Unsplash)

Real Estate

Mortgage Rates Inch Toward 8% and Nobody’s Happy About it

US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.

1 min read
(Photo by Vladan Raznatovic on Unsplash)

Consumer

Macy’s is Pivoting From its Legacy of Anchoring Malls

Macy’s is going less colosseum and more cozy in a cost-cutting shift away from large locations in malls and into small-format stores.

2 min read

Patent Drop

Mastercard Wants to Make Biometrics More Accurate

Photo by Cottonbro Studio on Pexels

Given that it handles trillions in transactions a year, it makes sense that the credit card provider wants to beef up security protocols.

3 min read

Photo by Gillfoto under CC BY-SA 4.0

Power Corridor

Chasing Up Russian Yachts and Mansions Proving Pricey

The West’s economic war on Russia is producing a massive taxpayer tab.

3 min read
(Photo by Ian MacDonald on Unsplash)

Real Estate

The Tight Housing Market Is Getting Even Tighter

Low supply, high prices, and the climbing costs of borrowing have created one of the least affordable US housing markets in decades.

2 min read
(Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0)

Inflation & Prices

Pesky Oil Prices Are Messing With Fed’s Ability to Stick the Landing

Federal Reserve chair Jerome Powell has met his match in the ongoing fight against inflation: skyrocketing oil costs.

2 min read

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