Browsing: Economy

New U.S. home construction rebounded in April as limited inventory helped to jolt homebuyer demand, but the housing market remains in a slump. Housing starts climbed…

By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana’s official sector creditors have formed a committee co-chaired by China and France for debt…

The numbers: U.S. industrial production rose 0.5% in April after two flat months, the Federal Reserve reported Tuesday. The gain in April was above expectations of…

A key measure of home-purchase applications fell sharply last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s (MBA)…

(Bloomberg) — A summer of road trips powered by premium gasoline is about to get more affordable. Gasoline makers in the US are stocking up on…

The numbers: Homebuilders are feeling optimistic amid strong demand from buyers who are struggling with a low number of houses for sale.  Many sellers are holding…

The rapid rise of artificial intelligence and development tools like ChatGPT has stoked fears among many people that their jobs will be automated in the near…

By Jeff Mason WASHINGTON (Reuters) – President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and other congressional leaders early next week…

This article is reprinted by permission from NerdWallet.  Inflation in April continued its steady cooldown, but its slow pace shows it’s still resilient, too, according to…

Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first…