Famed investor Michael Burry and Amazon founder Jeff Bezos traded commentary on U.S. wealth inequality and economic policy amid renewed political calls by lawmakers for federal wealth taxes.
Cass Information Systems reported August truckload linehaul rates jumped 11.3% year-over-year, while shipment volumes rose 2.1%, ending a 42-month streak of declines. Total freight expenditures climb…
U.S. consumer confidence dropped to 89.4 in August, below expectations and reaching its lowest level since January. Lingering inflation, labor market worries, and elevated oil prices drove a sharp 7.…
US existing home sales dropped 2% in August to an annualized pace of 3.98 million units as mortgage rates hovered near 6.7%. Rising bond yields continue to weigh on buyer affordability, pushing sales…
US existing home sales fell 2% month-over-month in August to an annualized pace of 3.98 million, the slowest in over a year. Surging mortgage rates around 6.7% and rising bond yields continue to supp…
A JPMorganChase Institute report reveals U.S. corporate tariff payments remain historically elevated at more than double pre-2025 levels. Midsize companies face sustained margin compression and limit…
U.S. credit card balances hold near record levels at $1.26 trillion, highlighting a widening K-shaped economy. While higher-income households leverage available credit, lower-income consumers face ti…
Fed Chair Warsh maintained a hawkish stance, signaling that inflation remains too high and rates may not be sufficiently restrictive, despite acknowledging economic strength driven by AI investment. …
July core PCE rose 0.2% month-over-month and 3.3% annually, matching expectations. The mild monthly pace supports Fed officials favoring a rate pause, though persistent year-over-year stickiness, ene…
Although the average US FICO score holds steady at 714, underlying affordability pressures are escalating. Rising housing and auto loan costs, growing credit card balances, and student debt burdens a…
Long-term forecasts project 10-year US Treasury yields will ease toward 3.9% by 2028–2030, pulling 30-year mortgage rates to around 5.70%. Spread compression and gradual Federal Reserve policy normal…
Retail sales fell 0.6% in July, the largest drop in 14 months, but driven by seasonal quirks (Amazon Prime timing shift) and lower gas prices rather than economic weakness. Annual sales growth remain…
US retail sales fell 0.6% in July, the largest drop in 14 months, driven by cheaper gas and post-Amazon-sale online spending declines. Annual sales growth remains at 5%, and economists see no major w…
Zillow data shows mixed but mostly lower mortgage rates for the week ending Aug 9, 2026, with the 30-year fixed rate falling to 6.51%. Rates remain steady, reflecting stable Fed rate expectations.
Mortgage rates were mixed on Aug 8, 2026: 30-year fixed fell to 6.51%, 15-year rose to 6.01%. Rates remain below last year's levels, signaling steady but uneven housing finance conditions amid ongoin…
July US home sales rose 7% YoY, the strongest of 2026, but Zillow warns this may be the peak as mortgage rates rise after an oil-driven spike tied to US-Iran tensions, dampening H2 outlook.
U.S. trade deficit narrowed to $101.5B in June 2026 as tariffs reshaped trade flows. Steelmakers like Nucor thrived while consumer sentiment collapsed and retailers like Lowe's suffered margin compre…
US economy remains resilient with strong labor market but slowing payroll growth. Inflation stays above Fed's 2% target; Fed held rates steady in July. Geopolitical and tariff uncertainties persist, …
Zillow reports mixed mortgage rate movement for July 23, 2026: 30-year fixed dipped to 6.514%, 15-year rose to 5.826%, and 5/1 ARM fell to 6.336%, reflecting ongoing rate volatility.
US equity futures rose pre-bell on hopes for a Middle East ceasefire between the US and Iran, while oil prices climbed amid ongoing regional tensions and mixed earnings reports from Novartis and Inte…