Economic Indicators

Mortgage applications have risen over the past week as borrowing rates continue to ease. Still, they are well below the level seen a year ago.

Inflation dropped in May, reaching nearly half of its peak last Summer. And while the decrease could cause the Fed to pause its rate hikes in June, the rate hikes could continue this year.

Gas prices decreased slightly for the week ending May 8, AAA said. Despite an increase in gasoline demand, fluctuating oil prices have limited increases at the pump.

Applications for unemployment benefits last week climbed to the highest level since October 2021, the latest evidence the labor market is slowing down.

Sequoia Capital is splitting its China, India and Southeast Asia and U.S. and Europe businesses into three different entities, the company announced Tuesday.

Drivers in the U.S. could soon pay more for a gallon of regular gasoline after Saudi Arabia's latest oil production cuts that were announced over the weekend.

Summer camps, sports leagues and child care programs are taking advantage of the buy now, pay later service to help families foot the often big bills.

Airbnb co-founder Nathan Blecharczyk says entrepreneurs shouldn't shy away from their business ventures just because of an uncertain economic climate.

Mortgage rates have ticked higher along with the 10-year Treasury yield, which lenders use as a guide to pricing loans. The current rate on the 30-year fixed mortgage is 6.79%.

The over 37 million people expected to drive over the Memorial Day weekend will get some relief at gas pumps around the nation, compared to a year ago, according to AAA data.

Ahead of Memorial Day weekend, the national average cost for a gallon of gas increased to $3.57 for the week ending May 25, AAA reported.

Circle K, known for its convenience stores and gas stations, is offering customers 40 cents off per gallon on Thursday from 4-7 p.m., while supplies last.

New data shows that mortgage rates climbed to the highest level since mid-March as debt default concerns linger. The rate on the 30-year fixed mortgage rose to 6.57% this week.

Florida Republican Rep. Byron Donalds slammed the Biden administration Energy Department for refusing to testify on its gas stove efficiency standards.

Esther Lynch, general secretary of the European Trade Union, reportedly warned that humans must stay in control of AI as the technology continues to evolve.

Climate protesters were carried out of Shell's annual general meeting in London on Tuesday after they attempted to rush the stage shouting, "Shut down Shell!"

The average price for a gallon of gas was $3.53 for the week ending May 18, 2023, according to AAA data. Low oil prices and a decline in demand for gas kept prices at the pump low, as more people are projected to travel for the Memorial Day weekend this year, AAA reported.

The median rent in Manhattan rose 1.6% to $4,241 last month, notching yet another record. Median rents are up more than 8% compared to a year ago, according to a new report.

Mortgage rates reversed course this week and began to climb as multiple cross currents continue to affect the supply of houses and demand for mortgages.

Applications for jobless benefits fell last week by the most since 2021 after unemployment fraud in Massachusetts distorted the data in previous weeks.