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Travel numbers climb as Americans hit the road for holiday

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Americans hit the road in near-record numbers at the start of the Memorial Day weekend, as their eagerness to break free from coronavirus confinement...

US average mortgage rates decline; 30-year loan at 2.95%

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WASHINGTON — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s...

Homebuyers increasingly willing to pay above asking price

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LOS ANGELES — The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are...

Yellen says economic recovery likely to be ‘bumpy’

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WASHINGTON — Treasury Secretary Janet Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through...

US home prices soar in March by most since late 2013

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WASHINGTON — March U.S. home prices jumped by the most in more than seven years as an increasing number of would-be buyers compete for...

AP FACT CHECK: House GOP falsely blames Biden for gas prices

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WASHINGTON — Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming President...

Survey: Business economists foresee best growth in 37 years

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WASHINGTON — The nation's business economists have grown much more optimistic about the U.S. economy this year, with a majority predicting that increased vaccinations,...

Biden betting on wage growth, while GOP warns of inflation

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WASHINGTON — The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money. ...

US average mortgage rates rise; 30-year loan at 3%

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WASHINGTON — Mortgage rates rose this week, pushing the benchmark 30-year home loan to the 3% mark for the first time since mid-April. Signs...

High inflation? A generation of investors has never felt it

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NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic...