A home under construction is shown on Sunday, Aug. 6, 2023 in Sudbury, Mass. On Thursday, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Peter Morgan)
Real Estate

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

PHOTO: Shutterstock
Money

Federal Reserve launches long-awaited instant payments service, modernizing system

PHOTO: Shutterstock
Companies

U.S. banks’ reserves steady, assuaging liquidity drainage fears

An American Airlines aircraft flies past the tail of a United Airlines aircraft as it lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts
Companies

Shifting trends in travel demand bedevil U.S. airlines

People shop at a Best Buy store Friday, Nov. 26, 2021, in Overland Park, Kan. (Charlie Riedel, The Associated Press)
Money

Healthy U.S. consumers shrug off recession concerns, for now

Workers tend to an unfinished Lordstown Motors Endurance electric pick-up truck on the assembly line at Foxconn's electric vehicle production facility in Lordstown, Ohio, U.S. November 30, 2022. REUTERS/Quinn Glabicki
Companies

US EV market struggles with price cuts and rising inventories

People walk by a Chase bank branch in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly
Companies

Banks step up U.S. property loan tweaks to limit defaults

Customers shop at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. (AP Photo/Nam Y Huh)
United States

Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?

Signage hangs from a Macy's store in San Francisco, Tuesday, April 18, 2023. (AP Photo/Jeff Chiu, File)
Companies

Consumers are spending, but Wall Street and businesses expect a tighter squeeze ahead

PHOTO: Getty Images
Companies

Big US banks to fare well in annual health checks despite spring turmoil

PHOTO: A person shops in the beverage aisle at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio
Money

Companies’ cost inflation is slowing but shoppers may wait for lower prices

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