The cost of car insurance rose 2.7 percent in March and has shot up 22.2 percent year on year, CNBC reported. Car insurance makes up 2.85 percent of the Consumer Price Index.
Tag: Economy
Post
PRODUCER PRICES RISE IN MARCH
The prices factories charge for their products rose 2.1 percent in March from a year earlier, the sharpest monthly increase since last April, The New York Times reported.
Post
RISING MORTGAGE RATES SPOOK HOME BUYERS
The average U.S. rate on a 30-year, fixed-rate mortgage rose last week to 6.88 percent from 6.82 percent the week before, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported.
Post
HOME AFFORDABILITY FALLS TO LOWEST IN 40 YEARS
Buying and owning a home takes a bigger slice of a household’s income than it has at any time in the last 40 years, The Wall Street Journal reported.
Post
SPECIAL REPORT: THE NEW BULL MARKET IN COMMODITIES
Gold for June delivery reached $2,448.80 on 13 April before ending the day at $2,374.10, with central banks still on their gold-buying spree.
Post
SPOTLIGHT: BIGS GETTING BIGGER
As we had forecast, the M&A activity which went down when interest rates went high would soon return.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In March, China’s factory activity grew for the first time in six months, the country’s National Bureau of Statistics (NBS) has estimated.
Post
TOP TREND 2024: EV GO FU: FORD DELAYS NEW EV MODEL UNTIL 2027
Citing a weak market for electric vehicles (EVs), Ford Motor Co. is delaying the debut of a three-row EV until 2027 and instead is focusing significantly on gas-electric hybrids.
Post
TOP TREND 2023: OFFICE BUILDING BUST
In this year’s first quarter, the nationwide U.S. office vacancy rate averaged a record 19.8 percent, Moody’s reported, up from 19.6 percent the previous quarter.
Post
TOP TREND 2024: BANKS GO BUST
Faced with a looming wave of wobbly commercial real estate (CRE) loans coming due, banks seem to be granting many lenders extensions of their maturity dates to give them more time to either refinance those loans or scrape together more capital to qualify for a new loan.