By Samantha Delouya, CNN (CNN) — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during
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By Alicia Wallace, CNN (CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves. In any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. Instead, Thursday’s Consumer Price Index report
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The financial markets went on a roller-coaster ride this week, powered by President Donald Trump’s tariff pronouncements. The latest came Wednesday, when Trump’s administration said it would pause tariffs on many countries it had targeted for 90 days to let negotiations play out. Tariffs had been set to start this week against scores of countries.
Continue ReadingBy John Towfighi, David Goldman and Matt Egan, CNN New York (CNN) — What was a massive rally on Wall Street turned into yet another sizeable decline. Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning — but that relief rally evaporated as the White House said it would levy
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Things were looking dire for the Dow before Monday even began. The news started coming out Sunday evening that futures trading was way down on the Dow Industrial Average — to the tune of more than 1,200 points. It was a harbinger of another hard Monday to come. The international markets’ major slide since President
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JEFFERSON CITY, Mo. (KMIZ) The American Postal Service Workers Union held a rally Thursday at the Capitol, calling it “Hands Off Our Public Postal Service.” The rally began at noon inside the Missouri Capitol and was held by Area Local 7065. Other rallies were held across the country, including one in Columbia at the post
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It feels hard to plan for the short term these days.
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Football fans across the country will be gathering to watch Super Bowl LIX on Sunday, Feb. 9, 2025. Hosting a Super Bowl party can be costly.
“I think collectively we’ll probably spend about 350, 400 dollars on drinks and food,” Chiefs fan Paul-Scott Wheeler said.
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — US stocks dropped Monday, with the Dow falling by 418 points, or just under 1%, as markets close out a record year. The S&P 500 ended the day down by just over 1%, while the tech-heavy Nasdaq saw the biggest slide, down 1.19%, as traders sold off
Continue ReadingBy Lucy Bayly, David Goldman and Matt Egan, CNN (CNN) — US stocks ended Friday in the red, closing out a lackluster week despite a year of historic highs. The Dow was lower by 333 points, or 0.78%, after the closing bell. The S&P 500 lost 1.1% and the Nasdaq Composite was down by 1.5%,
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A record 183.4 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the National Retail Federation. NRF said that is up from the previous record of 182 million in 2023 and 18.1 million people more than five years ago in 2019.
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A 2024 housing study released Thursday by Boone County and the City of Columbia show the local market is plagued with high prices.
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Inflation in the U.S. hit its lowest level in more than three years in September, according to a government report released this week. The consumer price increase of 2.4% is the lowest since February 2021. However, the report notes that some prices remain high, including medical care, clothing, auto insurance and airline fares. Those “core
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COLUMBIA, Mo. (KMIZ) Roughly 45,000 dock workers from the Longshoremen’s Association continued to strike Wednesday across the East and Gulf coasts. The workers are demanding better pay and a ban on the use of automated equipment. The strike, which started on Tuesday, has raised concerns about a shortage of certain goods for some Americans. However,
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The Federal Reserve made lots of Americans happy on Wednesday.
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The U.S. Census Bureau released a report Tuesday saying Americans’ inflation-adjusted income had rebounded to pre-pandemic levels.
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AP Economics Writer WASHINGTON (AP) — The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power. The proportion of Americans living in poverty also fell slightly last year, to 11.1%, from 11.5% in 2022. But the
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A local nonprofit said Tuesday that its rental assistance program would run short after federal COVID-19-era dollars are exhausted.
Continue ReadingBy Alicia Wallace, CNN (CNN) — US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
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