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
China’s Economy Is in Big Trouble and Investors Should Get Out: Miles Yu
American companies should reconsider their investment in China, as the country’s economy is in serious trouble with a struggling non-state sector, said Mile Yu, a senior fellow and director of the China Center at Hudson Institute. “China has been playing hard to get for the last several months and they would not talk. Now they…
Union Workers Make Safety Complaints at GM’s Electric Vehicle Plant
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
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…
[ATL:NOW] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China
“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,…
[PREMIERING 8PM ET] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China [ATL:NOW]
“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,…
Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge
Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…
Mark Levin Says Target Won’t Sell His Book Due to Concerns Liberal Customers May Get ‘Offended’
Conservative radio personality Mark Levin’s upcoming book has been banned from sale by Target as the mega retail chain was reportedly worried the book would offend Democrats. “Target has informed my publisher, Simon & Schuster, that it will not carry my new book when it is released on Sept. 19,” Mr. Levin said in a…
Listings for Lake Homes and Lots Jump Nearly $6 Billion Since Winter
A new report from Lake Homes Realty in Hoover, Alabama, shows that lake home and lot listings have escalated to $5.9 billion since February of this year. Over the past five months, lake properties have been flooding the market with a total of almost 74,000 currently for sale in 34 states across the nation. The…
Canadian Business Investment ‘Significantly’ Lower Compared to US, Fraser Institute Report Finds
The gap between Canadian and U.S. business investment per worker “widened significantly” after 2014, with Canada seeing a $43.7 billion decline in total annual business investment between 2014 and 2021, according to a new report by the Fraser Institute. “Economists have warned of Canada’s weak business investment, particularly compared to the United States. This should…
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