Interest Rates

Mortgage Demand Falls to Lowest Level Since 2000

Higher interest rates and very high home prices dragged down demand for mortgages for the third straight week, data from the Mortgage Bankers Association indicated Wednesday.

Inflation Even Hurts the Penguins

A recent video shows penguins at a Japanese aquarium rejecting the cheap fish the aquarium has substituted for the higher quality fish the penguins are used to receiving.

Summers: Risk of Recession in 2022 Is ‘Significantly Higher’ Than It Was Six, Nine Weeks Ago

Larry Summers stated that the risk of a recession this year “are significantly higher than I would have judged six or nine weeks ago.”

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.

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...

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.

30 Years With No Strategy Brought Us the War in Ukraine

Attention: This disclaimer informs readers that the views, thoughts, and opinions expressed in this article belong solely to the author, and not necessarily to...

Economic Experts Expect the Global Economy to Worsen

Global stock markets are expected to continue hemorrhaging money as more heavy selling continues this summer while central banks around the world hike interest rates to try and combat spiraling inflation.

Biden’s Economy Sends Americans Into ‘Unretirement’

Americans are leaving retirement due to inflation and a tight job market, according to data released last month by job platform Indeed.

U.S. Economy Shrinks by 1.4%: Recession Fears

Inflation at 40-year high.

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