How the Francis Scott Key Bridge Collapse Is Affecting Global Supply Chains
The pause in maritime traffic at the Port of Baltimore adds one more point of pressure for companies already affected by Panama Canal bottlenecks and attacks on ships in the Red Sea.
U.S. News & World Report > EconomyConsumer Sentiment Stable, GDP Rises as Economy Maintains Positive Momentum
Several reports out Thursday show the economy remains in good shape heading toward the second quarter of 2024.
U.S. News & World Report > EconomyChinese Leader Xi Issues a Positive Message at a Meeting With US Business Leaders as Ties Improve
Chinese leader Xi Jinping has called for closer trade ties with the U.S. during a meeting with top American business leaders in Beijing
U.S. News & World Report > EconomyHome Prices Continue to Rise Yearly Despite January Dip
Even with a slight drop at the beginning of the year, prices are still up 6% from a year ago.
U.S. News & World Report > EconomyHere Are the Big Hurdles to the Global Push to Build up Renewable Energy
The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December
U.S. News & World Report > EconomyHome Sales, Leading Indicators Confirm Economy’s Strength
A 9.5% gain in home sales, as well as the first positive gain in a key economic index shows the economy is holding its own in an era of high interest rates.
U.S. News & World Report > EconomyFed Holds the Line on Interest Rates, Sees a Stronger Economy But Still Three Rate Cuts Coming in 2024
While it kept interest rates at a high level, it raised economic forecasts for this year and still plans three cuts in 2024 with more after that.
U.S. News & World Report > EconomyStock Market Today: Asian Shares Rise After Wall Street Rallies to Records
Asian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year
U.S. News & World Report > EconomyFederal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump in Inflation
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year
U.S. News & World Report > EconomyNew Construction Bounces Back as Spring Buying Season Kicks Off
The rebound follows a soft January that was affected by bad weather in parts of the country.
U.S. News & World Report > EconomyMarch Madness: A Fed Meeting and Budget Games on Capitol Hill Make for an Unpredictable Week
More insight on interest rates, housing data and congressional brinkmanship raise the chances for an economic upset this week.
U.S. News & World Report > Economy