Mortgage Rates Hit 7.09%, Highest in More Than 20 Years – WSJ
The average mortgage rate rose to 7.09%, its highest level in more than 20 years, according to data released Thursday by mortgage giant Freddie Mac.
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Treasury yields near 16-year high as bond market shifts from low-rate era – The Financial Times
Yields on long-term US government debt on Thursday neared their highest level since 2007 as investors increased bets that the Federal Reserve would successfully avoid
Flying taxis could soon be a booming business – The Economist
Paris has long been at the heart of the history of flight. It is where the Montgolfier brothers ascended in the first hot-air balloon in
Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account – Coindesk
Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts,
PODCAST: Nina Pavcnik on Trade and Development
The dramatic opening up of markets to international trade over the past 30 years has been a boon to many developing economies but it has
Why Industrial Policy Fails
Industrial policy is all the rage nowadays. In the United States, President Joe Biden has signed laws offering hundreds of billions of dollars in incentives
When Fed Cuts Rates, It May Still Be Tightening Via QT Program – Bloomberg
Federal Reserve officials are more seriously discussing the possibility that they may not have to stop shrinking their massive balance sheet when they begin cutting interest
The battle between American workers and technology heats up – The Economist
For more than 200 years Luddites have received bad press—worse even than the British Members of Parliament who voted in 1812 to put to death
Stocks’ August Slide Continues as Treasury Yields Touch Multiyear High – WSJ
Stocks dipped and government-bond yields reached a 15-year high after minutes from the most recent Federal Reserve policy meeting showed central bankers are worried about
The world shed 3.5 million millionaires in 2022 as market losses drained wealth at the top – CNN
Last year, as interest rates rose and inflation stayed stubbornly high, total household wealth declined for the first time since the 2008 financial crisis. That