More people are looking to move to cities in search of cheaper housing, Redfin says
New user data from Redfin reveals that a record share of users were looking to move from one city to …
indicators
Coming up: U.S. jobs report for July
The U.S. is forecast to add 258,000 new jobs in July, according to economists polled by The Wall Street Journal. …
U.K. recession looms warns Bank of England as it hikes interest rates by most in 27 years
The Bank of England hiked interest rates by the most in 27 years on Thursday as it predicted U.K. inflation …
Pelosi’s visit to Taiwan rattles global copper markets, but slowing growth in China still the bigger worry
Copper prices fell for the third straight day on Wednesday as tensions between the U.S. and China flared as House …
Kashkari says Fed is committed to reining in inflation, but ‘we are a long way away’
Calling the latest inflation readings “very concerning,” Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the central …
‘It will be mostly a white-collar recession’: Milken economist William Lee on how the next economic downturn will be different
Some cautionary advice for workers worried about an economic downturn. “It will be mostly a white-collar recession. And the blue-collar …
With rents at record highs, ‘it’s tough to see how renters — whether or not they want to buy a home — will ever catch up’
Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak …
How to position your portfolio when the Fed, stock-market investors differ on recession calls
Federal Reserve Chair Jerome Powell’s optimistic comments about the U.S. economy on Wednesday added to a debate among investors about …
New Zealand’s inflation rate hits 32-year high in Q2
WELLINGTON, New Zealand — New Zealand’s consumer prices climbed 7.3% in the second quarter from the year before, maintaining pressure …
Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It’s not just because of the pandemic.
Homeownership became out of reach for millions of Americans following the recent boom in home prices. Lower-income families have been …