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Associated Press

Average Mortgage Rate Falls to Lowest Level Since Early April

Many prospective homebuyers have been discouraged by elevated mortgage rates and home prices that have continued to climb, albeit more slowly.

US Labor Market Continues to Surprise and the Unemployment Rate, Against the Odds, is Falling

The U.S. job market has still cooled considerably from red-hot days of 2021-2023 when the economy bounced back with unexpected strength from COVID-19 lockdowns and companies were desperate for workers.

Housing Red Flag: Increase in Cancellations of Home Purchase Agreements

Some 6% of pending contracts to buy a home were canceled in May, down from April, but up from May last year.

Refugees From ‘Old Media’ Flock to the Promise of Working for Themselves

A new world of podcasts, newsletters and websites has expanded media in recent years, and provided a lifeline to legacy media refugees who wanted — or were forced to — strike out on their own.

Investments / Real Estate

Investors Snap Up Growing Share of US Homes

Nearly 27% of all homes sold in the first three months of the year were bought by investors -- the highest share in at least five years, according to a report by real estate data provider BatchData. read more >
Government & Politics / Small Business

Pressure From Trump for Trade Deals Before Wednesday Deadline, but Hints of More Time for Talks

Since April, few foreign governments have set new trade terms with Washington as the Republican president demanded. read more >
Government & Politics / Health Care / Insurance

Rural Hospitals Brace for Financial Hits or Even Closure Under Republicans’ $1 Trillion Medicaid Cut

Even as Congress haggled over the controversial bill, a health clinic in the southwest Nebraska town of Curtis announced Wednesday it will close in the coming months, in part blaming the anticipated Medicaid cuts. read more >
Banking & Finance / Real Estate

Average Mortgage Rate Falls to Lowest Level Since Early April

Many prospective homebuyers have been discouraged by elevated mortgage rates and home prices that have continued to climb, albeit more slowly. read more >
Construction / Government & Politics / Public Companies

US Labor Market Continues to Surprise and the Unemployment Rate, Against the Odds, is Falling

The U.S. job market has still cooled considerably from red-hot days of 2021-2023 when the economy bounced back with unexpected strength from COVID-19 lockdowns and companies were desperate for workers. read more >
Banking & Finance / Business Services / Government & Politics

Analysis Shows Trump’s Tariffs Would Cost US Employers $82.3 Billion

The analysis by the JPMorganChase Institute is among the first to measure the direct costs created by the import taxes on businesses with $10 million to $1 billion in annual revenue. read more >
Banking & Finance / Government & Politics / Public Companies

Big Banks All Pass the Federal Reserve’s Stress Tests, but the Tests Were Less Vigorous This Year

The Fed said it went with a less vigorous test because the global economy has weakened since last year, and therefore the test tends to weaken. read more >
Construction

US Job Openings in May Hit 7.8 Million as Labor Market Stays Resilient

Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022. read more >
Real Estate

Housing Red Flag: Increase in Cancellations of Home Purchase Agreements

Some 6% of pending contracts to buy a home were canceled in May, down from April, but up from May last year. read more >
Agriculture & Poultry / Government & Politics / Restaurants & Food

Gloomy Americans Cut Back On Spending as Inflation Ticks Higher

Data suggests that economic growth is cooling as Americans become more cautious, in part because President Donald Trump's tariffs have raised the cost of some goods read more >
Government & Politics / Legal / Media & Marketing

Tech Industry Group Sues Arkansas Over New Social Media Laws

NetChoice said the laws, which were prompted by concerns about children's mental health, are an example of government overreach. read more >
Business Services / Education

Unemployment Among Young College Graduates Outpaces Overall US Joblessness Rate

The rise in unemployment has worried many economists as well as officials at the Federal Reserve because it could be an early sign of trouble for the economy. read more >
Retail / Tourism

Families and Businesses are Concerned About the Effect of Tariffs on Youth Sports

Low-income families were already feeling a financial strain with youth sports before Trump was elected to a second term. read more >
Government & Politics / Manufacturing / Public Companies

Trump Gets ‘Golden Share’ Power in US Steel Buyout. US Agencies Will Get it Under Future Presidents

The provision gives the president the power to appoint a board member and have a say in company decisions that affect domestic steel production and competition with overseas producers. read more >
Business Services / Government & Politics / Legal

Truckers Fear Job Loss as New English Language Rules Take Effect

Brushing up on English has taken on new urgency for future and current truck drivers after President Donald Trump issued an executive order saying truckers who don’t read and speak the language proficiently would be considered unfit for service. read more >
Banking & Finance / Government & Politics / Manufacturing

US Economy Shrank 0.5% Between January and March, Worse Than Earlier Estimates

The January-March drop in gross domestic product — the nation’s output of goods and services — reversed a 2.4% increase in the last three months of 2024 and marked the first time in three years that the economy contracted. read more >
A shopper walks down an aisle at a Home Depot in Oregon in 2018. 
Banking & Finance / Government & Politics / Retail

Americans Sour on US Economy and Anxiety Over Tariffs Remains the Chief Culprit

The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which represented a brief uptick. read more >
Media & Marketing

Refugees From ‘Old Media’ Flock to the Promise of Working for Themselves

A new world of podcasts, newsletters and websites has expanded media in recent years, and provided a lifeline to legacy media refugees who wanted — or were forced to — strike out on their own. read more >
Government & Politics

Democrat Fred Love Announces Bid for Arkansas Governor

Love has served in the state Senate since 2023 and previously served six terms in the state House. read more >
Banking & Finance / Government & Politics / Investments

Powell Says Fed Can Wait to Reduce Interest Rates as Trump Demands Cuts

Trump lashed out again early Tuesday, posting on his social media site: “I hope Congress really works this very dumb, hardheaded person, over." read more >