The housing market is on fire. The Fed keeps adding gasoline
CNN
Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.
Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds each month. And while the Fed is finally "talking about talking about" removing some of its support, some fear the US central bank is creating another housing bubble as it deliberates.
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A federal judge said Thursday that she will prevent the Trump administration from ordering hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans with temporary legal status to leave the country later this month.
Brazil’s former President Jair Bolsonaro has been hospitalized after experiencing “severe abdominal pain,” his son Carlos said on X on Friday.
Ecuadorians will head to the polls on Sunday in a runoff presidential election, choosing between a conservative incumbent or a leftist lawyer as the country struggles with a cocaine-fueled security crisis.
Ecuadorians will head to the polls on Sunday in a runoff presidential election, choosing between a conservative incumbent or a leftist lawyer as the country struggles with a cocaine-fueled security crisis.
The US announced it removed the commander of the Pituffik Space Base in Greenland on Thursday because of a “loss of confidence in her ability to lead,” after Vice President JD Vance’s controversial visit to the semiautonomous island last month.
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Trump’s economic team of rivals braces for turbulence after doing little to curb his tariff appetite
President Donald Trump is happy to talk about the financial markets when they’re rising, as they were on Wednesday, but when markets were falling Thursday in the aftermath of his remarkable turnabout on tariffs, he punted to the closest adviser around.
A sightseeing helicopter plunged from the sky into the Hudson River on Thursday, turning a family outing above Manhattan’s misty skyline into a tragedy.
Four House members from competitive districts — two Republicans and two Democrats — offered a preview of congressional budget battles and the midterm election season to come Thursday night in a CNN town hall.
The Supreme Court on Thursday required President Donald Trump’s administration to “facilitate” the return of a Maryland man mistakenly deported to El Salvador but stopped short of requiring the government to return him to the United States.
Three people people have been recovered from a helicopter that crashed in the Hudson River and taken to the hospital, according to authorities on the scene.
The White House has made clear to Chinese officials that President Xi Jinping should request a call with Trump. But Beijing has repeatedly refused to arrange a leader-level phone call.
Local authorities discovered several pieces of a human body lying on a path in the coastal city of Santa Marta on Sunday.