Washington’s latest revenue forecast reveals a substantial $903 million gap over the next four years, forcing lawmakers to grapple with sobering economic realities. The shortfall could lead to significant budget dilemmas, intensifying debates over state spending priorities.
China’s economy continued to lose momentum in August, with critical measures failing to meet expectations. Weak consumer spending and tightened capacity controls on industries combined to stall overall growth.
As mortgage rates show signs of easing, the possibility of a revived housing market comes into focus. This article explores what must go right for lower borrowing costs to translate into broader homebuying opportunities.
A recent jobs report reveals a 78,000 drop in manufacturing positions so far this year, which has prompted CNBC’s Jim Cramer to question why hiring remains slow. Despite billions in corporate investment, Cramer highlights a mounting unease among CEOs about expanding their workforce.
Worker confidence in finding a job has dropped to unprecedented levels, with employers in nearly every industry scaling back hiring. As a recent jobs report signals further slowdowns, many job seekers are left wondering how long this challenging environment will last.
Swiss National Bank President Martin Schlegel has emphasized that returning to negative interest rates is a last resort. While the policy rate currently sits at zero, officials remain focused on the fallout of previous cuts and the impact of US trade tariffs.
In a sweeping commentary, the “Kagro in the Morning” podcast dissects the roller-coaster ride of today’s political landscape. From Gavin Newsom’s anticipated ambitions to Donald Trump’s ongoing influence through a cast of controversial allies, hosts David Waldman and Greg Dworkin offer a lively blend of satire and analysis.
The UK’s inflation rate has reached 3.8%, forcing many households to cope with pricier essentials like food, fuel, and travel. Experts warn these rising costs could last until 2026, posing significant challenges for borrowers and consumers alike.
Japan’s overseas shipments fell 2.6 % in July, the worst reading since 2021 and a bigger slide than analysts foresaw. The drop marked a third straight monthly decline and left the nation with a ¥117.5 billion trade deficit amid intensifying U.S. tariff pressure.
With mortgage rates hovering near 7%, Moody’s chief economist Mark Zandi warns of a looming slump in the U.S. housing market unless rates decline soon. The housing sector, once a stabilizer, is now becoming a “full-blown headwind” for the economy.
