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U.S. Economy

Over a half-billion dollars in rail freight stuck at Texas border

by Anas Siddiqui
Over a half-billion dollars in rail freight stuck at Texas border

NBC NEWS — Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States …

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Mortgage demand slips despite drop in interest rates

by Anas Siddiqui
Mortgage demand slips despite drop in interest rates

House for sale with “For Sale” real estate sign in yard in spring or summer season. No people. Fstop123 | E+ | Getty Images Mortgage demand fell last week compared …

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U.S. Bank fined $36 million for frozen unemployment benefits

by Vera Ward
U.S. Bank fined  million for frozen unemployment benefits

WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting off access to unemployment insurance benefits during the height of …

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Care Bears have easier time getting to U.S. from China

by Anas Siddiqui
Care Bears have easier time getting to U.S. from China

Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China. Anward Shen, owner of An’Best …

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10-year Treasury yield slip further after Fed’s ‘big shift’

by Walter Watson
10-year Treasury yield slip further after Fed’s ‘big shift’

The 10-year Treasury note yield slipped further on Monday, as the final full trading week of 2023 gets underway. Traders continue to digest the unexpectedly dovish tone of the U.S. …

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How the escalating U.S.-China tech war could hurt American companies

by Walter Watson
How the escalating U.S.-China tech war could hurt American companies

Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors. “There’s no tech industry without semiconductors,” said Stacy Rasgon, …

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Major central banks diverge on when the first rate cuts will come

by Walter Watson
Major central banks diverge on when the first rate cuts will come

European Central Bank (ECB) President Christine Lagarde gestures as she speaks to the media following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, December 14, …

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investors digest interest rate outlook

by Walter Watson
investors digest interest rate outlook

The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year. The yield on the 10-year …

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IEA says oil demand slowdown to persist in 2024 amid oversupply fears

by Walter Watson
IEA says oil demand slowdown to persist in 2024 amid oversupply fears

A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images The International Energy …

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Online retailer Temu files fresh lawsuit against rival Shein in U.S.

by Edgar Davis
Online retailer Temu files fresh lawsuit against rival Shein in U.S.

Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Chinese low-cost online retailer Temu has launched a new …

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