Mortgage rates have dropped to their lowest point in 2025, giving homebuyers a bit of good news as the year comes to a close. The average rate for a 30-year fixed mortgage is now at 6. 15%, down from 6. 18% the previous week. This is a significant drop from the start of the year, when rates were aro
AI is making waves in the economy. It might lower prices but also cut jobs. Chen Zhao, a big shot in economics, thinks AI will push inflation down to below 2% by next year. That's good news for shoppers, but not so great for workers. AI makes things cheaper. It boosts productivity. This could bring
Economic growth is often celebrated, but sometimes the numbers tell a different story. Recently, it was discovered that a small part of the reported 4. 3% GDP growth was actually inflated. This was due to some unusual data from the video game industry. It turns out that the way video game sales were
Money is tight, and people are getting creative. With prices still high, Americans are rethinking what to put on their holiday wish lists. A recent study shows that many are now eyeing cryptocurrency as a gift option. Prices are still up compared to a few years ago. Housing, food, and other basics
People in the U. S. are feeling less sure about the economy. This is the lowest confidence level since April when new taxes on imports were introduced. The measure of how people feel about their money and jobs stayed the same but is still low. This could mean a recession is coming. People think the
Investors might be overlooking the big changes coming in 2026. Despite facing several challenges in 2025, such as trade disputes, government shutdowns, and a tough stance from the Federal Reserve, asset prices have remained surprisingly stable. This stability could be a sign of good things to come.
Bitcoin had a crazy day, going up and down like a rollercoaster. It started strong, reaching almost $89, 300, but then it dropped sharply to $85, 500 in just a couple of hours. By the end of the day, it settled around $86, 000, which is still a bit lower than the day before. The early boost in Bitc
In the small town of Capac, Michigan, a food pantry sees a steady stream of cars, each waiting for basic supplies like lettuce and apples. These items, once affordable, have seen their prices climb or remain stubbornly high. Taylor Ludwig, a 35-year-old mother of three, is one of those waiting in li
Cryptocurrencies like Bitcoin and Ethereum saw a boost recently. This happened as Asian markets reacted to Japan's interest rate hike. The Bank of Japan raised rates to the highest level in 30 years. This move was expected. It did not scare investors. Instead, it led to gains in Asian stocks and cry
In a move to stabilize the economy, Russia's central bank lowered its key interest rate to 16%. This decision came as inflation is easing, but the economy is still struggling to grow, partly due to the ongoing military actions in Ukraine. The central bank's announcement coincided with President Vla
