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Mortgage Rates
A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane)
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Average rate on a 30-year mortgage holds steady at lowest level in nearly 10 months

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

AUG. 21, 2025

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US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]

AUG. 21, 2025

Tronskifte: Proklamationen på Christiansborg Slotsplads, Dronningen, Kronprinsen
Kong Frederik X og dronning Mary under proklamationen på Christiansborgs Slotsplads i København søndag den 14. januar 2024. Den 31. december 2023 meddelte dronningen, at hun abdicerer den 14. januar og at kronprinsen fra denne dag er Danmarks regent.. (Foto: Bo Amstrup/Ritzau Scanpix)

Ritzau Scanpix

GF Form Import Creation

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US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors. The Trump administration halted the sale of advanced computer chips to China in April over national security concerns, but Nvidia and AMD revealed in […]

AUG. 11, 2025

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Trump’s new tariffs go into effect as US economy shows signs of strain

WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products […]

AUG. 8, 2025

Trump Tariffs
A worker stocks products at New India Bazar, where most merchandise is imported from India and Canada, on Wednesday, Aug. 6, 2025, in Fremont, Calif. (AP Photo/Noah Berger)
Spotlights

How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced […]

AUG. 7, 2025

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Trump’s planned 100% computer chip tariff sparks confusion among businesses and trading partners

President Donald Trump’s ambiguous plans for 100% tariffs on computer chips that aren’t made in the U.S. are stoking confusion among businesses and trading partners — boosting stocks for leading semiconductor companies while leaving smaller producers scrambling to understand the implications. “We are still waiting for official guidance,” said Limor Fried, founder and engineer at Adafruit Industries, […]

AUG. 7, 2025

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Trump announces Apple investing another $100 billion in US manufacturing

Apple CEO Tim Cook joined President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 billion over the next four years. “This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States […]

AUG. 6, 2025

Trump
Health and Human Services Secretary Robert F. Kennedy Jr. speaks as President Donald Trump listens at an event to promote his proposal to improve Americans' access to their medical records in the East Room of the White House, Wednesday, July 30, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Spotlights

What to know about mRNA vaccines

So-called mRNA vaccines saved millions of lives during the COVID-19 pandemic — and now scientists are using that Nobel Prize-winning technology to try to develop vaccines and treatments against a long list of diseases including cancer and cystic fibrosis. But this week, U.S. Health Secretary Robert F. Kennedy Jr., a longtime vaccine critic, canceled $500 million in government-funded research projects […]

AUG. 6, 2025

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US employers slash hiring as Trump advances a punishing trade agenda

WASHINGTON (AP) — U.S. hiring is slowing sharply as President Donald Trump’s erratic and radical trade policies paralyze businesses and raise doubts about the outlook for the world’s largest economy. U.S. employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected. Worse, revisions shaved a stunning 258,000 jobs off […]

AUG. 1, 2025

Federal Reserve Powell
Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, July 30, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
Spotlights

Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President Donald Trump’s frequent demands that he cut interest rates, even as signs of dissent emerged on the Fed’s governing board. The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, […]

JULY 30, 2025

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Ship attacked in the Red Sea after a bulk carrier sinking claimed by Yemen’s Houthi rebels

DUBAI, United Arab Emirates (AP) — A Liberian-flagged cargo ship came under fire from Houthi rebels Monday in the Red Sea, with two on board reported to be hurt and two others missing in an assault a day after the Yemen-based rebels sunk another vessel. The attack on the Greek-owned bulk carrier Eternity C in […]

JULY 8, 2025

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