Economic News

30-Year Mortgages Jump to 6.57%, Highest Since August

The interest rate on the most popular U.S. home loan jumped last week to the highest since August, as rising oil prices from the U.S. and Israeli war on Iran fueled inflation fears and drove up yields on the Treasury bonds that lenders widely use as benchmarks for setting...

Steady Rise in Jobs in March, February Revised Up

U.S. private payrolls increased steadily in March, the ADP's national employment report showed Wednesday.

Retail Sales Increase a Solid 0.6% in February

Shoppers increased their spending in February after pulling back at the start of the year, reflecting volatile and cautious activity by American consumers even before the Iran war sent gasoline prices soaring.

Private sector hiring totaled 62,000 in March, better than expected, ADP says

Private sector employment growth kept pace, but health care and construction continued to provide nearly all the momentum.

SpaceX Lines Up 21 Banks for 'Apex' Mega IPO

SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said, one of the largest underwriting syndicates assembled in recent years.The listing, internally codenamed Project Apex, is expected to be among the most...
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