March inflation drops to lowest point in more than 3 years

Consumer prices fell 0.1% in March, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). This is the first monthly drop since July 2022. Annual inflation increased 2.4% compared to a 2.8% increase registered in February. Core inflation, which excludes volatile energy and food…

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Mortgage rates tick slightly higher this week with 30-year at 6.49%

Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of…

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Scott Bessent outlines 5 principles for Trump economic statecraft plan

Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration’s approach to economic statecraft in a speech in which he outlined five core principles guiding the White House’s strategy. Bessent spoke Tuesday night at the Economic Club of New York’s America 250 gala dinner and said that as the nation…

Delta CEO reveals when to expect airline ticket prices to come down

As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines CEO Ed Bastian revealed exactly what it will take for ticket prices to decline, pointing directly to a lack of market supply rather than solely fluctuating fuel costs. “People ask me all the time –…

Oil prices fall as Strait of Hormuz shipping rises despite mine threat

Traffic by tankers transiting the Strait of Hormuz has picked up amid the negotiations between the U.S. and Iran aimed at ending the war, which has caused oil prices to decline with more supply hitting the market. The two sides have agreed to open the key shipping route for oil…

Mortgage rates tick slightly higher this week with 30-year at 6.49%

The affordability of the U.S. housing market may not improve significantly over time for would-be homebuyers, with a new report suggesting that they shouldn’t wait in the hopes of affordability measures returning to their pre-2022 levels. Sarah Wolfe, a senior economist and strategist at Morgan Stanley, said in a report…

Mortgage rates fall to 6.47%: Freddie Mac

Mortgage rates fell this week to the lowest level in more than a month, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.47% from last week’s reading of 6.52%. The average rate…

Report finds US housing demand depressed as costs hit record highs

A new report on the U.S. housing sector finds that activity remains subdued through the first part of the year as high costs suppress demand. The Joint Center for Housing Studies of Harvard University released its annual “State of the Nation’s Housing” report on Wednesday, which found that existing home…

The one question every investor should answer before buying their very first ETF

Exchange-traded funds (ETFs) are great investment vehicles for gaining instant exposure to different sectors at prices often lower than those of some of the ETF’s top stock holdings. For example, Space Exploration Technologies, or SpaceX, closed its first day of trading at just under $161. But the Tema Space Innovators…

Jeff Bezos predicts AI will create labor shortages, not replace workers

Amazon founder Jeff Bezos said that the rise of artificial intelligence (AI) won’t lead to the replacement of humans in the workforce and will instead create labor shortages. Bezos spoke at the VivaTech technology conference in Paris on Wednesday and offered an optimistic outlook on the impact of AI on…

The hidden 2,000 red tape tax facing today’s new homebuyers

Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that mounting costs are worsening the nation’s housing affordability challenges. The NAHB study found that regulations imposed by…