Long-term US mortgage rates hold this week at 3.55%
SILVER SPRING, Md. — Average long-term U.S. mortgage rates were essentially flat this week after jumping nearly a half percent the past two weeks as…
AP Wire
US weekly jobless claims fall for the first time in a month
WASHINGTON — Fewer Americans applied for unemployment benefits last week following three straight increases economists blamed on the surge in cases of the omicron variant…
US economy grew 5.7% in 2021 in rebound from 2020 recession
WASHINGTON — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020’s brief but devastating…
McDonald’s ends 2021 strong, but costs rising
McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus restrictions. The Chicago burger giant…
MasterCard: Q4 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported fourth-quarter net income of $2.38 billion. On a per-share basis, the company said it had profit of $2.41….
How Fed hikes could affect mortgages, car loans, card rates
WASHINGTON — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance…
Biden gets CEO support for economic agenda
WASHINGTON — President Joe Biden today secured the blessing of several business leaders on his economic agenda that has stalled in the Senate, part of…
General Motors to add 8,000 technical workers this year
DETROIT — There are more than 8,000 new technical job openings at General Motors, and the automaker plans to fill them during a hiring spree…
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released today after its policy meeting ended: Indicators of economic activity and employment have continued to strengthen….
Fed plans to raise rates as soon as March to cool inflation
WASHINGTON — The Federal Reserve signaled today that it plans to begin raising its benchmark interest rate as soon as March, a key step in…