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Dollar hovers near 18-month high as Gulf unrest, U.S. inflation keep investors on edge

The dollar held near an 18-month high on Monday, supported by safe-haven demand as an escalating Middle East conflict kept investors cautious ahead of key US inflation ​data later this week. Oil prices were ​volatile after Yemen’s Iran-backed Houthis stepped ​up strikes on Saudi Arabia, and two…
Legal News

US homebuilder sentiment tumbles to near 14-1/2-year low in October

WASHINGTON, Oct 19 (Reuters) – US homebuilder sentiment plunged to the lowest level in nearly 14-1/2 years in October as the Middle East conflict boosted mortgage rates and prices of energy-related building materials, a survey showed ​on Monday. The National…
Educational News

Education Department’s New Plan For Student Loans May Be A Trap

As millions of federal student loan borrowers get pushed out of affordable repayment plans, the Education Department is stepping up efforts to persuade them to enroll in a new repayment program that launched earlier this summer. But while the new…
Bankruptcy News

Treasury yields move higher as investors assess U.S. inflation backdrop

Treasury yields moved higher on Monday as investors continue to weigh the domestic inflation and interest rate backdrop against broader geopolitical developments. The yield on 10-year U.S. Treasury — the main benchmark for mortgages, auto loans and credit card debt…
Government News

U.S. debt interest payments hit $3 billion a day and jumped 8% in fiscal 2026 — faster than total federal spending, revenue and GDP growth

The federal government’s fiscal year ended last month, and the final tally offered another stark warning about the trajectory of U.S. debt. According to Treasury Department data released on Friday, the federal budget deficit widened to $1.99 trillion, 12% worse than…
Legal News

US annual budget gap hits nearly $2 trillion, largest in 5 years

Oct 16 (Reuters) – The US budget deficit rose by $217 billion to nearly $2 trillion in the ‌2026 fiscal year, fueled in part by tariff refunds and record spending to service the nation’s more than $40 trillion in debt,…
Educational News

Trump’s student loan overhaul could lead to more bankruptcy filings, former judge says

In Judge Sarah Sharer Curley’s nearly three decades presiding over bankruptcy cases, some were especially painful to witness, she said — such as the 73-year-old woman who stood before her in 2012 with a student loan balance of more than…
Editorial News

US mortgage rates hit their highest level in three years

Mortgage rates in the United States have hit their highest level in nearly three years, as cost-of-living concerns weigh on Americans less than a month before the midterm elections. The average cost for a 30-year fixed-rate mortgage jumped 19 basis…
Bankruptcy News

Analysts react to Coreweave debt woes, AI selloff

Oct 15 (Reuters) – A selloff in US technology stocks and their bonds intensified on Thursday as high borrowing costs put the financing behind AI’s massive infrastructure buildout under growing scrutiny. CoreWeave’s(CRWV.O), opens new tab bonds have sunk to distressed…
Government News

IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports

BANGKOK, Oct 14 (Reuters) – The United States cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-led growth towards more domestic consumption, International Monetary Fund ‌Managing Director Kristalina Georgieva…