Economics

Homebuyers Back Out as Cancellations Tick Higher

The housing market shows signs of strain because more American homebuyers choose to cancel their purchase deals. The National Association...

Supreme Court Upholds Universal Fee for Broadband Access

The U.S. Supreme Court supported the long-standing fee that finances phone and internet services for underserved areas through a 6–3...

Pending US Home Sales Beat Forecasts Despite Rate Worries

The U.S. housing market showed signs of stability when pending home sales exceeded market expectations during May despite ongoing affordability...

Fed Rule Change May Unlock $6 Trillion for Banks

The Federal Reserve plan to ease capital requirements for low-risk assets will generate trillions of dollars in balance sheet flexibility...

Fed Moves to Ease Leverage Rules for Big Banks

The Federal Reserve proposes modifications to capital rules for major banks to enhance their ability to provide liquidity support to...

JPMorgan Warns of Stagflation Risk From Tariffs

The U.S. economy faces a potential stagflationary slowdown this year according to JPMorgan analysts because tariffs will reduce growth while...

U.S. Tariffs Drive Up Packaging Costs for Food Producers

The U.S. steel and aluminum tariffs have increased packaging expenses for American food manufacturers so Pacific Coast Producers must consider...

Trump’s CFPB Rollback Cost Consumers $18 Billion, Groups Say

Consumer advocacy groups predict that Trump administration policies to reduce Consumer Financial Protection Bureau authority will result in at least...

U.S. Strike on Iran Clouds Economic Outlook, Spurs Oil Risk

The U.S. airstrike on Iran’s nuclear sites has intensified economic uncertainty as investors brace for possible inflationary fallout, renewed geopolitical...

Macron Pushes for EU Space Power to Rival U.S., China

French President Emmanuel Macron demanded a strong European space strategy on Friday by advocating for enhanced satellite manufacturing and deployment...