US adds 142K jobs in August, with Fed poised to cut rates
The U.S. added 142,000 jobs in August, and the unemployment rate fell to 4.2%, according to data released Friday by the Labor Department. The new report is in line with economists' forecasts of 161,000 jobs and an unemployment rate of 4.2 percent, and will be closely watched as the Federal Reserve prepares to cut interest […]
Pope Francis compared to JD Vance after warning about declining birth rates: ‘Law of death’
Pope Francis has drawn criticism and comparisons to Republican vice presidential nominee J.D. Vance after praising Indonesians for continuing to have large families. The Pope is on a tour of Southeast Asia this week, stopping off at a cathedral in the Indonesian capital, Jakarta, on Wednesday. Outgoing President Joko Widodo He addresses a crowd made […]
Mortgage rates stall as home sales remain ‘lackluster’
Fox News real estate reporter Katrina Campins argues that something needs to happen in the housing market because supply issues are crippling the industry. Longer-term mortgage rates remained unchanged this week, while shorter-term mortgage rates fell slightly, but this was not enough to stimulate demand. Freddie Mac's latest primary mortgage market survey released Thursday showed […]
Costco hikes membership rates for first time in 7 years — see if you’re affected
Costco is planning to increase membership fees for the first time in seven years, and the plan took effect Sunday. The company said its wholesale clubs are raising annual membership fees by $5 and $10 in the United States and Canada, respectively, while Gold Star and Business memberships will rise from $60 to $65 and […]
Suicide rates in England and Wales reach highest level since 1999 | Suicide rates
Ministers are being called on to treat suicide as a public health crisis after rates in England and Wales reached their highest level for more than 20 years. of Official statisticsThe report, described by suicide prevention charity Samaritans as “worse than expected”, found that 6,069 suicides were registered in both countries in 2023, up from […]
Mortgage rates drop again, but housing market remains stalled
FOX Business' Larry Kudlow reacts to the revised jobs report and its impact on the U.S. economy on “The Big Money Show.” Mortgage rates fell again this week but are still too high to spark any big moves in the housing market as the housing affordability crisis persists. Freddie Mac's latest primary mortgage market survey […]
Home prices hit record high in June amid high mortgage rates
Home prices hit new record in June Housing shortageThis is despite the fact that soaring mortgage rates continue to put homebuying out of reach for millions of Americans. Nationwide prices rose 5.4% in June from a year earlier. S&P CoreLogic Case-Shiller Index Tuesday's figure was down from 5.9% the previous month. On a monthly basis, […]
The Fed is finally about to start cutting rates — and here’s why you shouldn’t care
So it looks like the Fed will finally cut interest rates in September, but how far will they cut them? And is it too late or too soon? After decades of witnessing endless prophecy and fear about central banks and their next moves, I have come to a simple and clear conclusion: Who cares? Sound […]
Gold price in India: Rates on August 26 – FXStreet
Gold prices in India remained almost unchanged on Monday, according to data compiled by FXStreet. Gold prices remained almost stable at INR 6,769.35 per gram compared to INR 6,774.09 on Friday. Gold prices remained almost unchanged at INR 78,956.00 per tola, down from INR 79,011.67 per tola on Friday. Unit of measurement Gold Price (Indian […]
Federal Reserve Chair Jerome Powell says ‘the time has come’ to cut interest rates
Federal Reserve Chairman Jerome Powell signaled he is finally ready to start cutting interest rates, saying the central bank believes inflation is close to being contained and the job market is cooling. Powell did not say when the Fed would start cutting rates or how big the cuts would be, but the central bank is […]