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Trouble in the US bond market, fueled by inflation, geopolitical tensions, and national debt, threatens to make loans and everyday costs permanently higher for American consumers.
Elon Musk became the world's first trillionaire after SpaceX's IPO, but a former US Labor Secretary argues this milestone reveals a broken capitalist system based on hype, self-dealing, political connections, and rigged markets, potentially at the expense of ordinary investors.
U.S. consumer prices climbed sharply last month, driven by soaring gasoline costs linked to the ongoing Iran war. This inflation is eroding wage gains, squeezing American households, and is poised to be a major political issue.
Americans are facing severe financial hardship due to rising global fuel prices, a direct consequence of the US and Israel’s war on Iran. Families are making impossible trade-offs, from accessing essential medicines and groceries to risking homelessness, as the cost of living spirals out of control.
U.S. stocks saw hesitant gains Monday as markets braced for President Trump's deadline to potentially bomb Iranian power plants, a conflict that has already driven up oil prices and sparked inflation concerns, despite a positive U.S. jobs report.
Asian markets mostly rose Monday, despite investor concerns over the ongoing Iran war and fluctuating oil prices. The global focus on crude prices has prompted nations like Japan and South Korea to take proactive measures, including seeking alternative energy routes and releasing reserves, amidst a climate of heightened uncertainty.
US mortgage rates climbed this week, with the average 30-year fixed rate hitting 6.11%, as investor concerns over the economic impact of President Trump's conflict with Iran threaten housing affordability and the upcoming spring homebuying season.
February saw stubbornly high inflation, but the true economic shockwave is imminent. A U.S.-Israeli attack on Iran is poised to send energy costs soaring, threatening the highest inflation spike in four years, challenging the Federal Reserve, and potentially crippling consumer spending.
U.S. inflation dropped to a nearly five-year low of 2.4% in January, nearing the Federal Reserve's 2% target. This relief comes from slowed apartment rental growth, falling gas prices, and a sharp decline in used car costs. While consumer prices are still significantly higher than five years ago, this cooling trend suggests potential Fed interest rate cuts, despite some lingering price increases attributed to tariffs.
The U.S. stock market rebounded significantly after President Trump announced a framework deal for Greenland and withdrew threatened tariffs on European countries, easing investor worries.
