Economist

Mortgage Rates Highest Since 2008 as Housing Market Continues to Cool Off

Mortgage rates have reached their highest levels in nearly 15 years, a factor that's contributing to a continued cooling of a housing market that's been white-hot for over two years.

Americans Will Pay 17% More for July 4 Cookout: Farm Bureau

U.S. consumers can expect to pay 17 percent more to eat on Independence Day in 2022, according to a new report from the American...

West May Have Underestimated Russia’s Ability to Weather Sanctions

The United States and Europe might have miscalculated just how resilient Moscow has been to sanctions in the short run. When the West applied aggressive...

Americans Become Deeply Pessimistic About Economy as Consumer Confidence Hits Record Low

American consumers have never been this pessimistic about the economy, with the University of Michigan consumer confidence index plunging to a record low, as soaring inflation erodes household purchasing power and threatens a cost-of-living crisis.

Ukraine Orders Retreat From Strategic Donbas Town as Russia Advances

Lysychansk now stands as the final major city out of Russian hands in the Luhansk Oblast

45 Housing Markets Have ‘Probability of a Price Decline,’ Says Research Firm

While home prices in the United States have appreciated by more than a third over the past two years, prices are poised to fall in several housing markets over the next 12 months, according to data analyzed by research firm CoreLogic.

Texas GOP Rejects 2020 Election and Contends Biden Was ‘Not Legitimately Elected’

The Texas Republican Party adopted a new platform this weekend that rejects the results of the 2020 election and declares that President Joe Biden’s...

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Target Battles Plummeting Profits and Ballooning Inventory by Offering Rare Discounts on Clearance Merchandise

Target has started offering discounts to clear out excess items from its inventory.

Lockdowns Caused at Least 170,000+ Excess Deaths in U.S.

Research finds a 26 percent spike in non-Covid excess deaths among working age Americans in 2020 and 2021.

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