Mortgage demand surges to 5-week high after recent drop in mortgage rates
A key measure of home-purchase applications rose to the highest level in five weeks as consumer demand roared back to...
Economy
Biden aims to avoid conflict while competing with China, he tells Xi
President Joe Biden on Wednesday told his Chinese counterpart Xi Jinping that Washington and Beijing must ensure that competition does...
BOJ seen ending negative rates in April, keep hiking next year – ex-central bank economist
By Leika Kihara and Takahiko Wada TOKYO (Reuters) - The Bank of Japan is expected to end its negative interest...
Opinion: China has many vulnerabilities for the U.S. to exploit — though America’s own weaknesses make that harder
An earlier malignant superpower the U.S. faced down — the Soviet Union— lasted 74 years before its 1991 collapse. America’s current...
Fed officials to discuss global risks and inflation’s impact ahead of retail sales report
Federal Reserve officials are set to deliver key speeches today, with a focus on global financial risks and the unequal...
Retail sales drop in October for first time in 7 months
Americans hit the brakes on retail spending in October as they confronted still-high inflation and steep interest rates. Retail sales,...
US-China economic ties strained amid political tensions
The once-symbiotic relationship known as "Chimerica," which highlighted the deep economic interdependence between the United States and China, is undergoing...
Federal Reserve walking ‘very fine line’ as recession threatens US economy, former fed official says
Despite inflation cooling in October, one expert is not ignoring the signs of a potential recession on the horizon. "I...
Treasury yields rise as traders reassess steep declines seen on Tuesday
Treasury yields jumped Wednesday morning as traders pulled back from the prior session’s aggressive round of buying that had produced...
Electric car demand set to stall in Europe’s ‘valley of death’
By Victoria Waldersee and Nick Carey BERLIN/LONDON (Reuters) -After years of accelerating growth, Europe's electric car sales appear to be...
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Today’s mortgage rates rise for 15- and 30-year rates | May 30, 2024
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