Economy

The Federal Reserve on Thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.

Mortgage rates rose for the sixth straight week with the 30-year fixed rate average hitting 6.79%, as purchase demand continues to weaken in the stagnant housing market.

Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.

Nissan is cutting jobs and its CEO's pay after results from the first half of FY24 showed decreased consolidated net revenue and global sales volumes, and a .5% operating profit margin.

National Retail Federation CEO Matthew Shay issued concerns about President-elect Trump's proposed tariffs, saying it could drive up prices and result in job losses.

The Federal Reserve will announce its next interest rate move on Thursday in the wake of the U.S. election, with markets expecting the central bank to cut rates by 25 basis points.

A report from Realtor.com says President-elect Trump's agenda includes policies that could have both positive and negative impacts on the housing market.

President-elect Trump will soon begin announcing nominees to key cabinet positions, and his Treasury secretary pick will play a key role in advancing his economic agenda.

Real estate investor Grant Cardone says he believes the Federal Reserve will make historic rate cuts over the next year after President-elect Trump's win.

Investors celebrated former President Trump's win to become the 47th president of the U.S., which will likely usher in pro-business policies.

The cryptocurrency industry emerged victorious on election night as the country voted into office more than 250 pro-crypto congressional candidates and helped re-elect former President Trump.