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News
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
3+ day, 10+ hour ago (379+ words) In a striking acknowledgment Wednesday, Trump said that oil prices likely won’t come down until after U.S. midterm elections, but added that prices will fall immediately after Nov. 3. “Right after the election, oil prices are going to be tumbling downward,…...
US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb
3+ day, 10+ hour ago (836+ words) Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally…...
Why the bond market is flexing its muscles, and why everyone needs to care
3+ week, 1+ day ago (940+ words) This week rising bond yields forced the U.S. Treasury Department into an unusual intervention and raised the specter of higher borrowing costs putting the brakes on consumer spending, the lifeblood of the economy. It also sparked concerns that investors might finally…...
Walmart is cautious with expectations after slowest sales growth in 6 years
3+ week, 3+ day ago (623+ words) Walmart’s second quarter fanned anxiety about the financial well-being of low-income shoppers who are spending cautiously as prices rise at the gas pump and everywhere else. Company shares tumbled more than 8% Thursday and helped drag the U.S. stock market lower…...