A “We’re Hiring” sign at a NC Department of Adult Correction booth at a job and resource fair hosted by the Asheville Area Chamber of Commerce in partnership with NCWorks in Fletcher, North Carolina, US, on Wednesday, April 9, 2025. Allison Joyce | Bloomberg | Getty Images There seems little doubt now that hiring slowed … Read more
In minutes released this week from the Federal Reserve’s May meeting, central bank policymakers indicated that an interest rate cut isn’t coming anytime soon. Largely because of mixed economic signals and the United States’ changing tariff agenda, officials said they will wait until there’s more clarity about fiscal and trade policy before they will consider lowering rates again. … Read more
Nashville, Tennessee, has transformed from its reputation as “Music City” into a major U.S. metro thanks to rapid population growth, job opportunities in key industries like healthcare and tech and a good quality of life. It’s now become one of the fastest-growing U.S. cities, boasting a diverse community and a competitive economy. “It’s not … Read more
Traders work on the floor of the New York Stock Exchange in New York, May 19, 2025. Spencer Platt | Getty Images News | Getty Images The U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds. … Read more
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage … Read more
Jonathan McKernan testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump plans to nominate Jonathan McKernan to be undersecretary of domestic finance at the Treasury Department, months after the president tapped McKernan to lead the … Read more
U.S Trade Representative Jamieson Greer, U.S Secretary of the Treasury Scott Bessent, Switzerland’s President Karin Keller-Sutter, Swiss Federal Councillor Guy Parmelin pose during a bilateral meeting between Switzerland and the United States, in Geneva, Switzerland, May 9, 2025. Martial Trezzini | Via Reuters The stakes are high for the U.S. and China’s icebreaker trade talks … Read more
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the … Read more
White House trade advisor Peter Navarro brushed off concerns Wednesday about the unexpected drop in U.S. gross domestic product last quarter, saying, ‘We really like where we’re at now,” and pointing to a surge in new domestic investment. “I got to say just one thing about today’s news, that’s the best negative print I have ever … Read more