Browsing: Economy

NEW YORK (Reuters) – U.S. economic activity picked up pace last month as gauges of production and personal consumption improved, according to the Federal Reserve Bank…

By Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina HONG KONG/SINGAPORE/WASHINGTON (Reuters) – For a decade until 2018, China sought to recruit elite foreign-trained scientists…

The numbers: The number of Americans who applied for unemployment benefits last week fell by 10,000 to a three-week low of 230,000, offering further evidence that…

By Safiyah Riddle (Reuters) – Rates on the most popular U.S. home loan hit the highest level since 2001 on Thursday, according to Freddie Mac (OTC:)’s…

The numbers: Orders for long-lasting goods rose in July for the third month in a row if recent ups and downs at Boeing are set aside, suggesting…

By Carien du Plessis , Anait Miridzhanian and Bhargav Acharya JOHANNESBURG (Reuters) – The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia,…

U.S. mortgage rates increased for the fifth week in a row, with the 30-year reaching the highest level since 2001.  The 30-year fixed-rate mortgage averaged 7.23%…

By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve officials on Thursday tentatively welcomed a jump in bond market yields as something that could…

The president of the Federal Reserve Bank of Philadelphia said he thinks the U.S. central bank has raised interest rates high enough to bring inflation down…

By Hannah Lang and Lance Tupper (Reuters) -Shares in Better Home & Finance Holding plummeted more than 93% on Thursday as investors snubbed the online mortgage…