May 4, 2025

economy news

Mortgage

Mortgage rates dipped. Is it enough help the housing market?

How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate

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Investors

Cooling trade tensions bring investors back as Wall Street surges

Benzinga  |  Detroit Free Press Trump suggests China tariffs will ‘come down substantially’ President Donald Trump suggested the China tariffs will “come down substantially.” Reports suggested China is considering suspending its 125% tariff on select U.S. imports, following indications that Washington may cut tariffs on Chinese goods. The S&P 500 has now recouped nearly 80%

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Mortgage

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages

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Mortgage

Mortgage Advisor Joe Cucchiara Shares His Insights on Navigating Mortgage Market Volatility, Housing Supply, & More

Chris Gallagher  |  Contributor The U.S. mortgage market has been on a rollercoaster ride over the past few years, thanks to economic uncertainties, policy shifts, and global financial pressures. As individuals move through 2025, volatility remains a defining characteristic, influencing everything from home affordability to refinancing trends.  Joseph Cucchiara (Joe), who is a part of

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Funds

How have tariffs affected CALPERS, CALSTRS

Adam Ashton  |  CalMatters Hands Off protest against Trump, Musk in Palm Springs People gather at Palm Springs City Hall on Saturday, April 5, 2025, to protest the actions of the Trump administration, including Elon Musk’s role. This story was originally published by CalMatters. Sign up for their newsletters. The investment chief who’s responsible for the retirement plans

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Investors

Sock market edges down at open on inflaton and tariff worries

Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled

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Banking

Barclays layoffs to cut 78 jobs in North Jersey at banking giant

2-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com Barclays indicated that the layoffs this summer were being done to “align staffing to current and expected business needs.” In 2024, the British banking firm laid off 70 people in Whippany,

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Investors

Federal Reserve says it’s in ‘no rush’ to adjust monetary policy

Benzinga  |  Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy.   Yet, the central bank’s latest economic projections painted a

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