Economics

Economics

US Consumers Are Taking a Credit Card Break

(Photo Credit: Avery Evans/Unsplash)

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
Photo by Cottonbro Studio on Pexels

Patent Drop

Mastercard Wants to Make Biometrics More Accurate

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

Power Corridor

Chasing Up Russian Yachts and Mansions Proving Pricey

Photo by Gillfoto under CC BY-SA 4.0

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
Photo by Elijah Mears on Unsplash

OP-ED | Power Corridor

Congress Flirts With Government Shutdown Sept. 30

Congress is threatening to shut down the government at midnight on September 30th.

2 min read

Power Corridor

Fed Likely to Hold Steady on Rates, But Forecasts Key

Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

The Federal Reserve prepares to share its projections. Economists predict a ‘ho-hum’ meeting, but 2024 election year looms.

3 min read

(Photo by Mathias Reding on Unsplash)

Power Corridor

UN Chief Warns of ‘Great Fracture’ Among Global Powers

4 min read
(Photo by Chabe01 under CC BY-SA 4.0)

Indicators

US Companies are Loathing the Strong Dollar

2 min read
Power Corridor

U.S. Household Incomes Swallowed Up By Inflation

Americans’ inflation-adjusted annual median income fell in 2022 to $74,580.

1 min read

International Economics

The West is Touting a New Trade Route That Bypasses China

(Photo Credit: Johannes Plenio/Unsplash)

2 min read

(Photo by Maxim Tolchinskiy on Unsplash)

International Economics

African Nations are Pushing for the World’s Top Polluters to Pay Up

2 min read
(Photo by Wes Warren on Unsplash)

Real Estate

Home Buyers Consider Climate Risk, Mostly Buy Where They Want Anyway

1 min read
(Photo Credit: Zhang Kaiyv/Unsplash)

Real Estate

Country Garden Avoids Default, Still Stuck With Mountain of Debt

2 min read

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