Browsing: Economy
The Trucking Association of New York filed a federal lawsuit Thursday against the Metropolitan Transportation Authority over the city’s congestion fee, arguing it unfairly targets trucks and logistics with higher…
Atlanta Federal Reserve President Raphael Bostic on Thursday told FOX Business’ Liz Claman that central bankers are unlikely to deliver an interest rate cut in July amid signs that inflation…
Mortgage rates increased this week for the first time in a month, returning above 7% as the home affordability crisis continues to hurt demand in the housing market. Freddie Mac’s…
Companies across the U.S. are barreling toward a refinancing cliff that could cost them billions in the new era of high interest rates, setting up a “slowly unfolding crisis.” New…
The fast-growing national debt is on pace to reduce the growth in American households’ incomes in the decades ahead if the debt isn’t stabilized, according to a new report. An…
A person has been killed Wednesday at Amsterdam’s Schiphol Airport after ending up inside the running engine of a KLM Royal Dutch Airlines plane, officials say. The incident happened as…
A key measure of home-purchase applications fell to a three-month low as mortgage rates started to rise again. The Mortgage Bankers Association’s (MBA) index of mortgage applications slid 5.7% for…
The Singapore Airlines flight that was forced to make an emergency landing in Bangkok last week after hitting “severe turbulence” plunged 178 feet over 4.6 seconds, investigators have revealed. Singapore’s…
The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of…
U.S. consumer confidence rose in May after it declined for the last three months amid optimism about the labor market, although Americans expect inflation and high interest rates to persist.…