U.S. home mortgage rates soared towards 7 percent this week, pushing away many potential home buyers as affordability pressures for some pushed home ownership further out of reach. The average rate on the popular 30-year fixed mortgage hit 7.22 percent on July 6, reaching its highest point since November, according data published by to Mortgage News…
Mortgage Rates Soar to Highest Level for the Year
July 8, 2023
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Union Workers Make Safety Complaints at GM’s Electric Vehicle Plant
July 8, 2023
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Business & MarketsCompanieseconomyelectric car batteriesenergyGeneral MotorsInvestmentMarketsOhioRegional & State NewsSafetyState NewsUAWUltium electricunionUS
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Union workers at a General Motors electric vehicle plant have been complaining of safety issues. Workers at a GM Ultium electric vehicle plant confronted caught a defective battery on fire late last month, reported the Financial Times. According to the fire department in Lordstown, Ohio, the factory workers were able to put it out, with two people…
Two-Year U.S. Treasury Yields Hit 16 Year High, as Investors Are Spooked by Latest Jobs Report
July 8, 2023
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2-year TreasuryBusiness & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesInvestmentjobs reportMarketsPolicies & ImpactsstocksUS
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The latest U.S. jobs report led investors to raise the yield on the 2-year Treasury note to its highest level in 16 years while dumping their stocks. There was serious concern that strong U.S. employment levels would encourage the Federal Reserve to continue raising interest rates. The latest jobs estimate from ADP put pressure on…
Stock Market Today: Wall Street Drifts After Jobs Report Comes in Warm but Hopefully Not Too Hot
NEW YORK—Wall Street drifted to a mixed finish Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 lost 12.64 points, or 0.3 percent, to 4,398.95, though slightly more stocks within the index rose…
Closing Prices for Crude Oil, Gold, and Other Commodities (July 7)
July 7, 2023
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Benchmark U.S. crude oil for August delivery rose $2.06 to $73.86 a barrel Friday. Brent crude for September delivery rose $1.95 to $78.47 a barrel. Wholesale gasoline for August delivery rose 5 cents $2.59 a gallon. August heating oil rose 8 cents to $2.56 a gallon. August natural gas fell 3 cents to $2.58 per…
How Major US Stock Indexes Fared July 7
Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 gave up a midday gain and ended 0.3 percent lower Friday. The Dow fell 187 points, or 0.6…
[ATL:NOW] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China
July 7, 2023
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American Thought LeadersAsia & PacificAustraliaBarack Obamabiden administrationBusiness & MarketsBusinesses in COVID-19ccp human rights abusesCCP VirusChina Business & EconomyChina Human RightsChina Newschina trade warChina-Australia Relationschina-hong kongChinese Regimeclimate changeClimate PoliciesCompanieseconomyEpochTVEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionHong KongHudson Institute ，China Center Director， Miles YuIndiaInside CCP OfficialdomINSIDE CHINAInternationalInternational RelationsInvestmentJanet YellenLive VideosMarketsMiles YumilitaryRussia-Ukraine Warsocial controlSouth China Sea & South East AsiaSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relationsVideoWorld
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American Thought LeadersAsia & PacificAustraliaBarack Obamabiden administrationBusiness & MarketsBusinesses in COVID-19ccp human rights abusesCCP VirusChina Business & EconomyChina Human RightsChina Newschina trade warChina-Australia Relationschina-hong kongChinese Regimeclimate changeClimate PoliciesCompaniesEconomyEpochTVEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionHong KongHudson Institute ，China Center Director， Miles YuIndiaInside CCP OfficialdomINSIDE CHINAInternationalInternational RelationsInvestmentJanet YellenLive VideosMarketsMiles YumilitaryRussia-Ukraine WarSocial ControlSouth China Sea & South East AsiaSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relationsVideoWorld
“China has been playing hard to get for the last several months and they would not talk. Now, they sort of relented. And so, they agreed to talk with American high-level cabinet members on matters that are vital to both nations’ economies. The reason why they relented is because China’s economy is in big trouble,…
Clear Signs US Jobs Market is Cooling: Analyst
July 7, 2023
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Business & MarketseconomyEpochTVFederal Reserveinflationjobslabor marketMarketsNTD Businessrecession
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The U.S. economy added 209,000 jobs last month. This is the lowest number of jobs added in over 2 years, and comes in below analyst expectations for the first time in 13 months. Is the U.S. economy’s growth slowing? Are the federal reserve’s interest rate hikes finally having an impact? NTD speaks with a labor…
[PREMIERING 8PM ET] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China [ATL:NOW]
July 7, 2023
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American Thought LeadersAsia & PacificAustraliaBarack Obamabiden administrationBusiness & MarketsBusinesses in COVID-19ccp human rights abusesCCP VirusChina Business & EconomyChina Human RightsChina Newschina trade warChina-Australia Relationschina-hong kongChinese Regimeclimate changeClimate PoliciesCompanieseconomyEpochTVEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionHong KongHudson Institute ，China Center Director， Miles YuIndiaInside CCP OfficialdomINSIDE CHINAInternationalInternational RelationsInvestmentJanet YellenLive VideosMarketsMiles YumilitaryRussia-Ukraine Warsocial controlSouth China Sea & South East AsiaSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relationsVideoWorld
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American Thought LeadersAsia & PacificAustraliaBarack Obamabiden administrationBusiness & MarketsBusinesses in COVID-19ccp human rights abusesCCP VirusChina Business & EconomyChina Human RightsChina Newschina trade warChina-Australia Relationschina-hong kongChinese Regimeclimate changeClimate PoliciesCompaniesEconomyEpochTVEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionHong KongHudson Institute ，China Center Director， Miles YuIndiaInside CCP OfficialdomINSIDE CHINAInternationalInternational RelationsInvestmentJanet YellenLive VideosMarketsMiles YumilitaryRussia-Ukraine WarSocial ControlSouth China Sea & South East AsiaSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relationsVideoWorld
“China has been playing hard to get for the last several months and they would not talk. Now, they sort of relented. And so, they agreed to talk with American high-level cabinet members on matters that are vital to both nations’ economies. The reason why they relented is because China’s economy is in big trouble,…
Wall Street Opens Lower After Payrolls Report
Wall Street‘s main indexes opened lower on Friday after data signaled resilience in the labor market in the face of the Federal Reserve’s aggressive monetary tightening. Data showed U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage…
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