California's Governor, Gavin Newsom, decided to skip the traditional budget reveal, leaving his finance chief to deliver the news. The state is facing a $3 billion deficit, but the real concern is that this number could balloon to $22 billion next year. The budget, nearly $349 billion, is a gamble,
Mortgage rates took a nosedive recently, hitting a near three-year low. This drop came right after a big announcement about Fannie Mae and Freddie Mac buying more mortgage bonds. The idea is to make homeownership more affordable by lowering monthly payments. Fannie Mae and Freddie Mac don't give ou
The US job market is a bit of a puzzle right now. On one hand, some people think December's job report might show a decent number of new jobs, maybe around 105, 000. But others aren't so sure, with estimates as low as 55, 000. Either way, it's clear that job growth in 2025 has been pretty slow, the
The western US is facing a serious snow shortage, causing trouble for businesses and raising fears about water supplies for the summer. Brad Riesenberg, who owns a snowmobiling company in Utah, has never seen a winter like this one. The lack of snow has forced him to cancel tours and lose money. Uta
South Korea is taking a big step to make its currency market more open. Starting in July, the country will allow trading 24 hours a day. This change is part of a bigger plan to make the Korean won more accessible worldwide. The goal is to attract more investors and increase demand for the currency.
The latest numbers show the US job market is cooling down. In December, only 50, 000 new jobs were added, which is less than expected. This slowdown is partly because businesses are being careful about hiring due to trade issues and investing more in technology. The unemployment rate did drop to 4.
January has always been a special month for the stock market. It's like the market gets a fresh boost of energy. This year is no different. The S & P 500 has already shown gains in the first few days. But why is this happening? One reason is the January effect. This is when a lot of new money flows
President Donald Trump recently made a big announcement. He wants to buy $200 billion in mortgage bonds. He believes this will make homes more affordable. Trump shared this plan on Truth Social. He said Fannie Mae and Freddie Mac have lots of money. So, he thinks now is a good time to act. But who
General Motors is facing a huge financial setback. They just announced a $6 billion loss. This is because they are slowing down their electric vehicle (EV) plans. It's not the first time they've taken a hit. Back in October, they already reported a $1. 6 billion loss for the same reason. This chang
Anchorage is thinking about using local money to support child care. Some people say this is a bad idea because of a fraud scandal in Minnesota. But is this a fair comparison? Minnesota's problem was with federal money. The money went through many hands before reaching the day cares. When fraud was
