Articles filed under Economy
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Bank of England hints that UK borrowing rates will stay high after its new hikeAug 03, 2023 1:00 am - LONDON - The Bank of England raised its main interest rate Thursday to a fresh 15-year high and indicated it would stay high for some time to bring down persistently hig...
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Weekly applications for US jobless aid tick up from 5-month lowAug 03, 2023 1:00 am - WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job mark...
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Mortgage rates tick higher: 30-year, fixed home loan is at 6.90%; 15-year at 6.25%Aug 03, 2023 1:00 am - WASHINGTON (AP) - The average long-term U.S. mortgage rate rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on t...
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Gas prices are rising (again). Here's why.Aug 03, 2023 1:00 am - NEW YORK - U.S. gas prices are continuing to rise - giving drivers across the country another headache at the pump. The national average for gas prices stood at about $3...
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Germany used to be the world's export powerhouse. Now, it's not growing. What happened?Jul 28, 2023 1:00 am - FRANKFURT, Germany - The German economy is still failing to grow, figures showed Friday, as the country that should be the industrial powerhouse for all of Europe strugg...
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U.S. price and wage increases slow further in the latest signs of cooling inflationJul 28, 2023 1:00 am - WASHINGTON - Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in...
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Mounting job vacancies push state and local governments into a wage war for workersJul 28, 2023 1:00 am - FULTON, Mo. - At the entrance to Missouri prisons, large signs plead for help: "NOW HIRING" ... "GREAT PAY & BENEFITS." No experience is necessary. Anyone 18 and older c...
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COVID unemployment surge led to at least $5.2 billion in overpaid benefits in Illinois - including fraudJul 27, 2023 1:00 am - SPRINGFIELD - Illinois overpaid unemployment benefits to the tune of $5.2 billion during the first 18 months of the COVID-19 pandemic, with much of it paid to fraudulent...
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A 'rolling recession' or a 'richcession' might spare the U.S. economy from a full-scale downturnJul 27, 2023 1:00 am - WASHINGTON - Despite more than a year of widespread warnings that a recession was near, America's economy is, if anything, accelerating. Even as the Federal Reserve has ...
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Home sales in June fell to the slowest pace since January with near-historic low inventory for saleJul 20, 2023 1:00 am - LOS ANGELES (AP) - Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mor...