Mortgage rates reach 7.28% — the highest point in almost 3 years
US Mortgage Rates Reach Three-Year High This week, the average long-term mortgage rate in the United States surged to its highest point in nearly three years. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed-rate mortgage climbed to 7.28%, an increase from 7.03% just a week ago. This marks the most significant jump we’ve […]
Renovation expenses for Federal Reserve headquarters reach $2.5 billion: OIG report exonerates Powell
A critical report from a watchdog group took aim at the Federal Reserve on Wednesday, criticizing its management of the costly renovation of its headquarters, derisively dubbed the ‘Palace of Versailles.’ However, the inquiry found no evidence of criminal misconduct by former Fed Chair Jerome Powell. The costly renovation, which ballooned to a staggering $2.5 […]
Natural gas output in the US expected to reach all-time high this winter
U.S. Natural Gas Supply Outlook for Winter As colder weather approaches, the United States is expected to achieve record levels of natural gas production combined with solid storage capacity. This scenario aims to shield the market from potential disruptions that varying winter conditions might cause, which could otherwise put pressure on supply and increase costs […]
Trump and Xi Meet: U.S. and China Reach $30 Billion Tariff Agreement and Coal Purchases
US and China Reach Agreement on Tariff Reductions The United States and China recently agreed to lower tariffs on a variety of consumer and agricultural goods after a meeting between President Donald Trump and Chinese President Xi Jinping. This move suggests a possible easing of tensions in their ongoing trade conflict. According to Axios, the […]
Dow drops for a third consecutive day as bond yields reach new highs: Current updates
Traders are active on the New York Stock Exchange during morning trading on September 14, 2026. The Dow Jones Industrial Average experienced its third consecutive drop on Thursday, influenced heavily by Treasury yields which are at their highest levels in decades, impacting the more cyclical segments of the market. The 30-stock index decreased by 161.61 […]
Congress Might Not Have Enough Time to Reach an Agreement on Permitting Reform
Time Running Out for Permitting Reform Deal Republican lawmakers are finding themselves under pressure as they aim to finalize a permitting reform deal. Recently, the House approved its own version, the SPEED Act, and now members have left Washington to focus on midterm campaigns. The House passed the bipartisan Standardizing Permitting and Expediting Economic Development […]
Charity scams related to hurricanes exploit data brokers to reach victims before storms hit
A typical day for a scammer during hurricane season might begin with a cup of coffee and a detailed spreadsheet. This spreadsheet could be packed with personal information like names, ages, addresses, and even family details. Scammers might acquire this data by purchasing it, pulling it from various people-search websites, or assembling it from publicly […]
Indian Rupee confronted challenges as US Treasury Yields reach record levels.
The Indian Rupee (INR) continued its decline against the US Dollar (USD) on Tuesday, with USD/INR climbing above 95.90. Last week, the pair fell just over 1% primarily due to rising US Treasury yields and high oil prices. Indian currency markets were closed on Monday in observance of Ganesh Chaturthi. This week, the INR has […]
Lindsay Clancy might reach a plea agreement following a mistrial in her first-degree murder case
The district attorney in Plymouth County, who is typically not inclined to negotiate, may have a different approach in the case of Lindsay Clancy, according to a seasoned defense attorney he’s worked with before. Clancy, 36, is facing three counts of first-degree murder related to the tragic deaths of her three young children—Cora, Dawson, and […]
Oil Traders Caution That Diesel Shortage Will Continue Throughout Winter as US Prices Reach All-Time High
Diesel prices in the U.S. reached a new high on Monday, with refineries operating at nearly full capacity. Oil industry leaders have indicated that supply will remain tight as we head into winter. At the Asia Pacific Petroleum Conference in Singapore, Vitol CEO Russell Hardy mentioned that the global market is facing a deficit of […]