Fed to begin tapering its assets, economists say it will send interest rates higher
The Federal Reserve announced after its November meeting that it will begin tapering its economic stimulus. Here's what that could mean for interest rates.
Wynn Resorts CEO Matt Maddox to step down in January
Wynn Resorts Ltd CEO Matt Maddox will step down at the end of January and hand over the reins to executive Craig Billings
Job growth surpasses expectations in October: Here's what that means for interest rates
Job growth surged in October, surpassing expectations. With the Fed closely watching the labor market, here's what that means for interest rates.
China's exports stay strong, trade surplus hits $84 billion
China's exports remained strong in October, a positive sign for an economy trying to weather power shortages and COVID-19 outbreaks.
Mortgage applications dip on high prices, low inventory
Mortgage loan applications volume fell 3.3%, according to the latest weekly survey from the Mortgage Bankers Association.
Economic growth slows in Q3 to slowest pace since June 2020: This is how interest rates could be affected
Economic growth slowed in the third quarter, as GDP growth dropped to just 2% in the advanced estimate. Here's what that means for interest rates in the months ahead.
US pending home sales unexpectedly fall in September
Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.
Delta variant likely slammed brakes on US economic growth in third quarter
The U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending.
Del Monte produce raising prices in response to 'unprecedented market conditions' and 'inflationary pressures'
The Del Monte produce company has announced that it will be raising costs on certain products in response to “unprecedented market conditions” and “inflationary pressures.”
White House cites oil 'supply issues' amid gas price surge, promises more pressure on OPEC
White House press secretary Jen Psaki said Tuesday that the Biden administration will continue pressuring OPEC members to boost oil production as gas prices reach their highest level in a decade.
Manchin says controversial IRS bank-account monitoring plan likely out of final spending bill
Sen. Joe Manchin said Tuesday that a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service will likely be dropped from Democrats' final tax and spending bill, even after the White House agreed to narrow the scope of the plan.
US Coast Guard monitoring 'adrift shipping containers' off Pacific coast amid supply chain crisis
The U.S. Coast Guard Northwest shared on Twitter that 40 shipping containers were lost off an inbound ship west of the Strait of Juan de Fuca entrance.
China's power issue may make the global car shortage much worse
Experts say the car shortage currently plaguing the United States and other countries could get much worse due to a magnesium shortage in China and across the globe.
MBA economist says inflation not transitory: Here’s what that means for interest rates
Inflation is surging at more-than-decade highs, and now MBA's chief economist says the high rates are not transitory. Here are details on his forecast and what it means for interest rates.
Supply chain crisis leading to food, supply shortages in schools nationwide
Supply shortages and delivery delays force schools to find solutions in order for their students to receive meals.
Procter & Gamble combats inflation with price hikes in most categories
Procter & Gamble Co. is set to raise prices across the board to combat broad-based and sustained inflationary pressures.
Biden administration doesn't understand 'economics 101': US policy expert
U.S. national defense policy expert Rebeccah Heinrichs argues Biden prioritizes Democrats' agenda at the expense of average Americans.
Inflation soars to highest rate in 13 years — here's what that means for interest rates
Inflation surged at record rates, hitting 5.4% annually in September. Experts explain what that will mean for interest rates and the Fed's monetary policy.
Jobless claims drop to a fresh pandemic low
The number of Americans filing for unemployment benefits dropped to a new pandemic low last week, dipping below 300,000 for the first time since March 2020.
As congestion threatens economy, Port of Baltimore is adding more ships and running smoothly
As other major U.S. ports experience congestion, Maryland's Port of Baltimore is reportedly adding more container ships.



















