Economy
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The latest updates on our changing economy.
Economy Videos
Nightly News
Chicago mom’s gig work to make ends meet
Hallie Jackson NOW
Market caps winning week while mortgage rates remain high
Current with Christine Romans
Diesel prices skyrocket to an all-time high as conflict in the Middle East continues
More stories
Mortgage rates hit highest point since 2023 as Treasury yields rise
Inflation concerns, driven by high fuel prices, are prompting investors to sell bonds. That drives up interest rates for consumers.
Watchdog finds no criminality in Fed renovation that drew Trump’s scrutiny
The Federal Reserve’s inspector general did fault the central bank’s board for mismanaging costs. 
California voters back a billionaire tax, but the proposal falls short of majority support
A new NBCUniversal Local/Telemundo Station Group poll shows “yes” supporters leading 48% to 38% on the California ballot measure.
Spain
Spain proposes ban on evictions as ousted 87-year-old accepts offer to return home
Hundreds of people remained camped in one of Madrid’s main squares Tuesday to protest Maricarmen Abascal’s removal from her home on a stretcher last Wednesday. 
FOR SUBSCRIBERSMore oil is getting out of the Middle East. Why is it still so expensive?
Regional oil exports are finally climbing again. Yet it may not be enough to bring crude and gasoline prices down to pre-war levels.
From motorcycles to booze, U.S. ban on $1B worth of Canadian imports goes into effect
The ban further ratchets up Trump’s second-term trade war with America’s longtime ally and trading partner.
Trump unveils plans for a $15 billion steel mill in Iowa
Mesabi Metallics, which is building the plant, aims to start production in 2030, a White House official said.
China and U.S. agree to tariff cuts on $60 billion of goods
China said it planned to trim duties on a variety of agricultural goods while the U.S. plans tariff cuts on toys, small appliances and household items.
FOR SUBSCRIBERSThe Iran war will have a chilling effect on your wallet this winter
Sky-high airfare, rising gas prices and soaring home heating costs are all squeezing consumers heading into the holiday season.
FOR SUBSCRIBERSGas, mortgage rates and inflation send Americans’ view of the economy to near record lows
“This is the danger for the Federal Reserve and the nation. This is what can truly shift spending habits and lifestyles,” one economist said.
Bond yields surge to fresh two-decade highs, but oil prices are buffeted by Iran headlines
The monthlong rise in Treasury bond yields has already translated into higher borrowing costs for consumers, especially in the mortgage market.
