Gas prices drop amid recession fears, pre-summer lull: AAA
Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.
US job growth beats expectations in April as economy adds 253,000 new positions
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 concerned about safety of their money in banks
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 relax on Fed optimism
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.
Oil industry giant torches Biden's war on energy: 'Dumbest thing this administration has done'
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."
First Horizon shares tank after TD Bank deal scrapped
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.
Spring homebuyers to continue facing inventory woes
The declining number of newly listed homes is one of the biggest hurdles facing potential buyers this spring. Active inventory is still well below pre-pandemic levels.
Uber expands pooled ride option to five more cities
Uber, which had a strong start to the 2023 fiscal year, is expanding its ride share program to five more cities as it tries to pull in more users to its platform.
Morgan Stanley plans to cut 3K jobs: Report
Morgan Stanley is looking to trim its workforce by 3,000 workers amid an uncertain economic environment that's caused a slowdown in deal making across Wall Street.
US Treasury: Bank deposits safe after First Republic rescue
The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.
China’s factory activity declined in April
The Chinese National Bureau of Statistics' senior statistician Zhao Qinghe has suggested that the decline was allegedly caused by inadequate market demand.
First Republic fate, Apple earnings, jobs data and Fed decision top week ahead
First Republic's future, the Federal Reserve's decision on interest rates and Apple earnings are just a few of the big market moving events ahead for investors in the coming week.
New home listings plunge over 22% in April, Redfin says
New home listings have dropped over 20% in April, which marked one of the biggest declines since the COVID pandemic, according to a new report from Redfin.
US consumer spending flat in March; core inflation still strong
The economy is facing several headwinds, including higher interest rates as the Fed fights inflation, and tightening credit conditions, which could crimp consumer and business spending.
Average rate on long-term mortgage climbs for second straight week
The average rate on the 30-year fixed mortgage rose to 6.43% this week, up from 6.39% a week ago. Meanwhile, the average rate on a 15-year fixed mortgage fell to 5.71%
Disney plans layoffs for thousands next week, report says
Walt Disney Co. reportedly will cut thousands of jobs across the company by next week, including those at theme parks, in entertainment and on corporate teams.
Stuart Varney: Biden’s new mortgage rule punishing homeowners with good credit is 'pure politics'
FOX Business' Stuart Varney discusses Biden putting his 'thumb on the scale' for 'disadvantaged communities' amid his administration's new mortgage fee rollout.
CSX train derails near Chicago, crushing several vehicles: reports
A transport train operated by CSX became derailed on Wednesday night in Blue Island, Illinois, just south of Chicago.
Existing home sales unexpectedly fall in March, reversing recent gains
Sales of previously owned homes fell 2.2% in March from the prior month due to higher mortgage rates, according to the National Association of Realtors.
Jobless claims rise higher than expected as layoffs continue to mount
A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.


















