Global economy faces 'long road' to recovery, OECD warns
The OECD said in its latest Economic Outlook the world economy faces a "long" road to recovery in the face of stubborn inflation and high interest rates.
Mortgage demand drops again as interest rates remain elevated
Home-purchase applications fell last week as high mortgage rates weighed on consumer demand, according to a survey from the Mortgage Bankers Association.
Commercial real estate crash still looming over US economy
The commercial real estate market could see prices fall 40% this year due to several headwinds, including high interest rates and a possible credit crunch.
World Bank warns global economy to slow sharply amid higher interest rates
The World Bank said in an updated forecast on Tuesday that high interest rates and stubbornly high inflation will hobble the global economy this year.
'Great migration' continues as more Americans flee to Florida, Texas
More Americans migrated to lower-tax, predominantly Republican-led states in 2022, with Texas and Florida seeing the biggest population growth last year.
JPMorgan CEO Jamie Dimon has 'no plans' to run for office, company says
Jamie Dimon has "no plans" to run for public office this year, JPMorgan Chase said, after the 67-year-old CEO fueled speculation over his political future.
Stock market rally could be derailed by an earnings slump, Morgan Stanley warns
Morgan Stanley analysts warned that the recent stock market rally could end this year as earnings per share for the benchmark index S&P 500 slide 16%.
Fitch still considering US credit rating downgrade despite debt ceiling deal
Fitch Ratings said Friday that it could still downgrade the U.S. credit rating after the most recent debt-limit debacle between Democrats and Republicans.
May jobs report breakdown: Which industries hired the most workers last month?
The Labor Department reported on Friday that the U.S. economy added 339,000 jobs in May, driven by a flurry of hiring in professional and services sectors.