Economic Indicators

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.

The Mexican government said that renewed inspections of trucks at the Texas border have caused lengthy delays for freight shipments and millions of dollars in losses.

Over 70% of stay-at-home moms have already faced challenges in trying to re-enter the workforce, new data shows. Many say employers see their current role as a resume gap.

Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket.

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Mortgage rates declined again this week, marking the lowest level in five weeks, according to data from Freddie Mac. The rate on the 30-year fixed mortgage fell to 6.35%.

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

The Labor Department said Thursday the producer price index climbed just 0.2% in April, a sign that price pressures in the economy are beginning to abate.

Airbnb reported a strong quarter with revenue up double digits and free cash flow reaching its highest mark in history as people continue to prioritize travel.

Microsoft announced that full-time salaried employees won't be getting raises in 2023 as the company its shifts focus to artificial intelligence amid the uncertain economy.

Airfare to Europe and Asia this summer already reached its highest level in over five years due to continued demand, higher jet fuel prices and lower capacity.

Inflation likely remained stubbornly high in April as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

The April jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.

Nearly half of Americans are very or moderately worried about the safety of their funds in a bank or other financial institution amid an onslaught of bank failures in recent months.

Mortgage rates eased on optimism that the Fed is finished with its rate hiking campaign, just as the spring/summer home buying season goes into full swing.

The head of one of America's biggest oil producers argues the Biden administration's restrictions on the industry has been the "dumbest thing" done "for political reasons."

Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.