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Mortgage rates fall ahead of Christmas holiday Mortgage rates fell again this week, mortgage buyer Freddie Mac said Wednesday.Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-fall-ahead-of-christmas-holiday Originally published on World News Guru

US economy grew much faster than expected in the third quarter, delayed report shows The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department's estimate.The Bureau of Economic Analysis (BEA) on Tuesday released its initial estimat... Read more: https://worldnewsguru.us/economy-news/us-economy-grew-much-faster-than-expected-in-the-third-quarter-delayed-report-shows Originally published on World News Guru

Where you can shop for your last-minute Christmas needs Whether it's a carton of milk or a gift for your cousin who has just decided to come home for Christmas, there are always last-minute items you need to make your holiday complete. Several U.S. stores ... Read more: https://worldnewsguru.us/economy-news/where-you-can-shop-for-your-lastminute-christmas-needs Originally published on World News Guru

Jim Beam to close one of its distilleries for a year World-famous Kentucky whiskey brand Jim Beam is reportedly closing its production facility in Clermont starting Jan. 1 through the end of 2026. The company is shifting production to its larger Booker ... Read more: https://worldnewsguru.us/economy-news/jim-beam-to-close-one-of-its-distilleries-for-a-year Originally published on World News Guru

Trump economist predicts ‘biggest refund cycle ever,’ massive checks ahead A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express ... Read more: https://worldnewsguru.us/economy-news/trump-economist-predicts-biggest-refund-cycle-ever-massive-checks-ahead Originally published on World News Guru

Americans surge toward financial resolutions for 2026 amid household budget concerns More Americans are considering making financial resolutions as they approach the new year with a focus on short-term savings goals, according to a new study by Fidelity Investments.Fidelity's annual s... Read more: https://worldnewsguru.us/economy-news/americans-surge-toward-financial-resolutions-for-2026-amid-household-budget-concerns Originally published on World News Guru

Mortgage rates slip, sticking near 2025 lows Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-slip-sticking-near-2025-lows Originally published on World News Guru

Labor secretary downplays warning signs, insists job market is ‘strengthening’ despite rising unemployment Labor Secretary Lori Chavez-DeRemer insisted the job market is strengthening despite new signs of economic softness, even as unemployment rose to its highest level since 2021.Chavez-DeRemer argued the... Read more: https://worldnewsguru.us/economy-news/labor-secretary-downplays-warning-signs-insists-job-market-is-strengthening-despite-rising-unemploym Originally published on World News Guru

Inflation remained elevated in November as Fed considers pausing interest rate cuts Inflation remained elevated in November at a level well above the Federal Reserve's target rate as policymakers weigh potential interest rate cuts next year.The Bureau of Labor Statistics said on Thur... Read more: https://worldnewsguru.us/economy-news/inflation-remained-elevated-in-november-as-fed-considers-pausing-interest-rate-cuts Originally published on World News Guru

Musk predicts AI will create 'universal high income' and make saving money unnecessary Billionaire Elon Musk on Wednesday said that while the Trump accounts that are set to launch next year are a nice gesture, he doesn't think saving money will be necessary with "universal high income" ... Read more: https://worldnewsguru.us/economy-news/musk-predicts-ai-will-create-universal-high-income-and-make-saving-money-unnecessary Originally published on World News Guru

PayPal plans to launch bank serving small businesses around the US PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses.The company said Monday that it filed documents wi... Read more: https://worldnewsguru.us/economy-news/paypal-plans-to-launch-bank-serving-small-businesses-around-the-us Originally published on World News Guru

FDA announces recall of frozen dessert pints over possible 'small stones' A voluntary recall has been issued for pints of a non-dairy frozen dessert over the potential presence of small stones and other hard objects, according to the Food and Drug Administration.Danone U.S.... Read more: https://worldnewsguru.us/economy-news/fda-announces-recall-of-frozen-dessert-pints-over-possible-small-stones Originally published on World News Guru

iRobot co-founder says FTC's opposition to Amazon deal was 'wrong-minded' following bankruptcy filing iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday and is pursuing a buyout from its primary manufacturer in China after the company's acquisition by Amazon was ... Read more: https://worldnewsguru.us/economy-news/irobot-cofounder-says-ftcs-opposition-to-amazon-deal-was-wrongminded-following-bankruptcy-filing Originally published on World News Guru

US added 64K jobs in November after losing 105K in October, delayed report shows The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in the labor market.The Labor Department on Tuesday reported that employers added 64,000 jobs in November, ... Read more: https://worldnewsguru.us/economy-news/us-added-64k-jobs-in-november-after-losing-105k-in-october-delayed-report-shows Originally published on World News Guru

Scott Bessent says real affordability relief, 'substantial drop' in inflation coming soon Cautioning that families are still feeling the sting of Biden-era inflation, U.S. Treasury Secretary Scott Bessent indicated that Americans can expect real affordability relief soon while forecasting ... Read more: https://worldnewsguru.us/economy-news/scott-bessent-says-real-affordability-relief-substantial-drop-in-inflation-coming-soon Originally published on World News Guru

US added 64K jobs in November, delayed report shows The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in the labor market.The Labor Department on Tuesday reported that employers added 64,000 jobs in November, ... Read more: https://worldnewsguru.us/economy-news/us-added-64k-jobs-in-november-delayed-report-shows Originally published on World News Guru

Powell acknowledges labor market slowdown but rejects fears of steep decline Federal Reserve Chair Jerome Powell outlined how the central bank is viewing the labor market after it cut interest rates last week for the third straight time, with a fresh jobs report due out on Tue... Read more: https://worldnewsguru.us/economy-news/powell-acknowledges-labor-market-slowdown-but-rejects-fears-of-steep-decline Originally published on World News Guru

Energy secretary says electricity prices will drop under Trump administration policies Energy Secretary Chris Wright on Sunday said the Trump administration's energy policies will lower electricity prices over the course of the president's term as part of the White House's efforts to ad... Read more: https://worldnewsguru.us/economy-news/energy-secretary-says-electricity-prices-will-drop-under-trump-administration-policies Originally published on World News Guru

Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion of his legacy, emphasizing instead the goals he wants to lock in before passing the reins."I real... Read more: https://worldnewsguru.us/economy-news/powell-says-he-wants-to-turn-this-job-over-with-economy-in-really-good-shape-before-departure Originally published on World News Guru

Bessent expects taxpayers will see 'very large' tax refunds early next year Treasury Secretary Scott Bessent said American households will see "very large refunds" in the tax filing season early next year following policy changes under the One Big Beautiful Bill Act (OBBBA).B... Read more: https://worldnewsguru.us/economy-news/bessent-expects-taxpayers-will-see-very-large-tax-refunds-early-next-year Originally published on World News Guru