by Richard Garrett | May 28, 2026 | Economy
Wall Street’s three major indexes finished Thursday’s choppy session in positive territory as oil prices retreated and diplomatic signals from Washington suggested some forward movement in U.S.-Iran peace negotiations, though significant gaps between the...
by Richard Garrett | May 28, 2026 | Economy
A deepening bond market sell-off is pushing U.S. borrowing costs to levels not seen in nearly two decades, as persistent inflation driven by the Iran war and concerns about government finances combine to drive investors out of long-term Treasury bonds. The 30-year...
by Richard Garrett | May 27, 2026 | Economy
Housing contract activity picked up in April, offering a modest but meaningful sign that homebuyers are continuing to engage with the market despite elevated mortgage rates, record-low consumer confidence, and the broader economic uncertainty created by the Iran...
by Richard Garrett | May 27, 2026 | Economy
The U.S. stock market is approaching a valuation milestone that has not been seen since the height of the dot-com bubble, raising fresh questions about whether the current AI-driven rally has pushed prices beyond what fundamentals can sustainably support. The closely...
by Richard Garrett | May 22, 2026 | Economy
American import prices rose sharply in April, with fuel costs recording their largest single-month increase in four years, adding another layer of inflationary pressure to an economy already straining under the weight of the Iran war’s disruption of global...
by Richard Garrett | May 20, 2026 | Economy
The Iran war is reshaping how American consumers spend their money, with higher gasoline costs eating into household budgets and prompting a visible pullback in spending on major purchases even as overall retail activity continues to grow. Retail sales climbed 0.5% in...
