Latest Economic policy News
Gold is suddenly not so glittery after Trump's White House victory
NEW YORK (AP) — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly...
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking...
Stock market today: Wall Street cruises to more records as it closes its best week in a year
NEW YORK (AP) — U.S. stocks cruised to more records as they closed their best week in a year on Friday. The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average...
A Texas border county backed Democrats for generations. Trump won it decisively
RIO GRANDE CITY, Texas (AP) — Jorge Bazán's family has lived on the U.S.-Mexico border for generations and voted for Democrats as long as he can remember. He broke the family tradition this year and voted for Donald Trump because he doesn't trust the Democratic Party's economic...
China is bracing for fresh tensions with Trump over trade, tech and Taiwan
TAIPEI, Taiwan (AP) — The first time China faced Donald Trump in the White House, there was a trade war, a breach of protocol involving Taiwan’s former leader, and a president-to-president bromance that turned sour. As President-elect Trump prepares to start his second term in...
Democrats enter a Trump presidency without a plan or a clear leader
WASHINGTON (AP) — Democrats spent billions of dollars warning American voters that Donald Trump posed an imminent threat to democracy, that his economic policies would benefit only his wealthy friends, that he was literally a fascist. In the end, voters didn't care — or if they...
Republican ex-Sen. Kelly Ayotte beats Democrat Joyce Craig in New Hampshire governor’s race
CONCORD, N.H. (AP) — Former U.S. Sen. Kelly Ayotte was elected governor of New Hampshire on Tuesday, defeating Democratic former Manchester Mayor Joyce Craig to keep the office under Republican control for another two years. Republican Gov. Chris Sununu’s decision not to seek a...
Next Week: Trade balance, Fed policy meeting, consumer credit
A look at some of the key business events and economic indicators upcoming Next week. OUT OF BALANCE The Commerce Department releases its latest monthly tally of the nation’s trade gap Tuesday. The gap between the value of goods and services the U.S....
Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August. The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. That's still down from a year ago, when the rate averaged...
Argentina's president fires his foreign minister after vote in favor of ending US embargo on Cuba
BUENOS AIRES, Argentina (AP) — Argentina’s President Javier Milei on Wednesday dismissed his foreign affairs minister hours after the country voted in favor of lifting the U.S. economic embargo of Cuba at the U.N. General Assembly. Argentine Foreign Minister Diana Mondino was...
