Matthew Boesler

As tech companies now increasingly citing AI as a factor for cutting their workforce and bankers warn the technology will eliminate some jobs.

Kevin Warsh is about to make his first appearance before Congress as Federal Reserve chairman, and during two days of testimony he’ll have new US inflation data to parse with lawmakers.

Kevin Warsh is about to make his first appearance before Congress as Federal Reserve chairman, and during two days of testimony he'll have new U.S. inflation data to parse with lawmakers.

Kevin Warsh is about to make his first appearance before Congress as Federal Reserve chairman, and during two days of testimony he'll have new U.S. inflation data to parse with lawmakers.

Kevin Warsh is about to make his first appearance before Congress as Federal Reserve chairman, and during two days of testimony he'll have new U.S. inflation data to parse with lawmakers.

US mortgage rates rose last week to match the highest level since August 2025, sending applications for home purchases to the lowest level since February.

The average contract rate on a 30-year fixed mortgage climbed 7 basis points to 6.65% in the week ending July 10. Meanwhile, the group's index of mortgage purchase applications fell 7.3%.

The US job market isn’t improving

A record jump in the price of cellular phone services helped tip a key measure of US inflation above forecasts, likely sealing the deal for a Federal Reserve interest-rate increase next week.

(Bloomberg) -- A record jump in the price of cellular phone services helped tip a key measure of US inflation above forecasts, likely sealing the deal for a Federal Reserve interest-rate increase next week.