Higher Bond Yield Stoke Recession Fears
High bond yields are the latest signal that the United States economy may be aching over the effects of high inflation. An increase in...
Mortgage Applications Near 30-Year Low
New home mortgage applications fell to their lowest levels in nearly 30 years, according to a recent report. The decline in mortgage activity reflects...
White House Limits Alaska Drilling
The Biden administration announced this week that it would ban new drilling on federal lands in Alaska in a move that could have major...
New Home Construction Falls Significantly In August
The United States economy faced a significant decrease in the purchase of new home construction in August a possible signal of a possible recession....
Murdoch Steps Down As Fox News, News Corp Chair
Longtime Fox News Chair Rupert Murdoch is stepping aside for an emeritus position as the aging media mogul moves toward retirement. Murdoch built a...
United Auto Workers Begin Strike
Members of the United Auto Workers (UAW) began a significant strike this week, following a number of disagreements with American automakers. The shutdown could...
Median Income Falls In 2022
The median national income of Americans fell in 2022, marking a decline in both years of the Biden presidency. The new census survey data...
Unemployment Rate Increases In August
The unemployment rate unexpectedly increased in August, a sign that the national economy may be slowing down. The increase in jobless workers will likely...
Consumer Confidence Declines In August
Consumer confidence fell unexpectedly in August, a potential indicator that the general public sees the U.S. economy as weakening. The report comes as the...
Interest Rates, Economic Headwinds Affect Housing Market
A combination of factors, including high interest rates, inflation and concern over the national economy have largely affected the American housing market. The current...
