The average long-term U.S. mortgage rate climbed this week to its highest level in nearly a year, driving up borrowing costs for prospective homebuyers.
WASHINGTON (AP) – Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low.
NEW YORK (AP) – Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite ongoing economic uncertainty as they bought cars and took advantage of summer sales events.
GENOA, Italy (AP) – An Italian court on Thursday convicted the former CEO of Italy’s main highway operator and 31 others in the 2018 Genoa highway bridge collapse that sent vehicles plunging and killed 43 people, a disaster that exposed serious lapses in the maintenance of Italian infrastructure.
CAPE TOWN, South Africa (AP) – Amazon said Wednesday that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027, seemingly pushing ahead of Elon Musk’s rival Starlink to win business in Africa’s most advanced economy.
WASHINGTON (AP) – The U.S. Mint has begun producing a new $1 coin bearing President Donald Trump’s face to help celebrate America’s 250th birthday, the Treasury Department said Wednesday.
Excerpts from recent editorials in the United States and abroad:
WASHINGTON (AP) – Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation.
WASHINGTON (AP) – U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.
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