Economy
-
Time for the Fed to cut interest ratesAug 11, 2024 6:02 am - While the Fed’s initial decision to hike interest rates was a policy intervention designed to slow inflation, a decision to keep rates high creates real headwinds for the housing market
-
You can probably lower your cellphone bill
Aug 11, 2024 5:30 am - You might gasp at the $1,000-and-way-up sticker price of a fancy new smartphone. But your mobile plan probably costs you hundreds or thousands of dollars more than the de...
-
South suburban airport could bring over $1 billion in economic activity, per report
Aug 08, 2024 12:36 pm - A new airport in Chicago’s far south suburbs could bring thousands of jobs and a $1 billion economic impact, according to a new report, but state and local officials expr...
-
What are carry trades and how did they contribute to this week’s global market mayhem?
Aug 06, 2024 12:48 pm - BANGKOK — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.” Japan’s benchmark Nikkei 225 plunged 12...
-
A ‘Textbook Turnaround Tuesday’ doesn’t mean meltdown is over
Aug 06, 2024 7:53 am - It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a sell-off at the start of the week — is an opportunity that shows up time a...
-
Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
-
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwide
-
They have jobs, but no homes. Inside America’s unseen homelessness crisis.
-
Dow drops 775 on weak jobs data as a global sell-off whips back to Wall Street
-
U.S. added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll