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Business

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Business and economy news coverage from TheDailyGlobe.

Mortgage paperwork, a calculator and house keys on a kitchen table.
Featured
STANDARD·May 29, 2026

Mortgage Rates Hit a Nine-Month High as Buyers Face Another Affordability Test

The average 30-year fixed mortgage rate rose to 6.53%, adding pressure to buyers already balancing prices, payments and limited room in household budgets.

Top Stories

A laptop and notebook on a desk used for job searching.
BRIEF·Jobs / Labor

Jobless Claims Tick Up While Layoffs Remain Low

Weekly unemployment claims rose modestly, but the latest data does not yet point to a broad layoff wave.

May 29, 2026
A shopping basket and receipt at a retail checkout counter.
STANDARD·Companies

Retail Earnings Show Shoppers Are Still Spending, But Selectively

Recent results from major retailers suggest shoppers have not stopped spending, but they are making sharper choices about where their money goes.

May 29, 2026
A blurred stock chart beside household bills and receipts.
STANDARD·Markets / Inflation / Rates

Stocks Hit Records While Household Money Signals Stay Strained

Wall Street’s latest record shows corporate strength, but low household saving and high borrowing costs tell a more complicated story.

May 29, 2026

Economy

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A kitchen table with receipts, a calculator and a laptop showing blurred budget charts.
STANDARD·Economy

Consumer Confidence Slips as Households Stay Cautious About Prices and Jobs

A May confidence reading shows households remain cautious about prices and jobs, even as parts of the economy continue to look steady on paper.

May 27, 2026
Workers inspect machinery on a factory floor with shipping pallets in the background.
STANDARD·Economy

Factory Survey Shows a May Rebound, but Cost Pressure Has Not Gone Away

A Richmond Fed survey showed improved factory activity in May, with stronger orders, shipments and employment, but one regional report does not settle the national manufacturing picture.

May 27, 2026
Shipping containers and customs paperwork at a warehouse loading dock.
STANDARD·Economy

Tariff Costs Are Moving From Trade Policy Into Business Planning

Tariffs are not just a Washington trade fight. For businesses, they can affect sourcing, inventory, pricing, and how much cost eventually reaches consumers.

May 25, 2026
House keys and housing documents on a kitchen counter.
STANDARD·Economy

Existing-Home Sales Show a Housing Market Still Moving Slowly

April existing-home sales show a housing market that is still active but restrained by prices, inventory and slower movement among buyers and sellers.

May 21, 2026

Consumer Money

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Household bills, a credit card and a calculator sit on a kitchen table.
STANDARD·Consumer Money

Household Debt Hits $18.8 Trillion as Families Carry More Financial Strain

New York Fed data show household debt rose again in the first quarter, while delinquency signals remained mixed rather than flashing a broad warning.

May 28, 2026
Homebuyers reviewing mortgage paperwork and a generic home listing on a laptop.
STANDARD·Consumer Money

Mortgage Rates Above 6.5% Test the Spring Homebuying Market

Higher mortgage rates can quickly change monthly payment math for buyers already facing elevated home prices and affordability pressure.

May 26, 2026
Household bills, tax paperwork, and a calculator on a kitchen table.
STANDARD·Consumer Money

Tax Refund Boost Fades as Household Budgets Stay Tight

Larger tax refunds helped some households earlier in the year, but that cushion is fading while fuel, borrowing, and everyday costs remain elevated.

May 25, 2026
Household bills, a credit card, and a budget spreadsheet on a kitchen table.
STANDARD·Consumer Money

Why Household Debt Feels Heavier for U.S. Consumers Right Now

Household debt has climbed to $18.8 trillion as credit-card balances, inflation, and financial stress keep pressure on family budgets.

May 25, 2026

Jobs / Labor

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A worker takes notes beside a laptop and resume papers on an office desk.
STANDARD·Jobs / Labor

AI Is Changing Hiring Demand, but Layoff Headlines Tell Only Part of the Story

Recent research suggests AI may be reshaping hiring and job tasks, while a slower labor market makes the picture more complicated for workers and job seekers.

May 28, 2026
A person reviews blurred job listings on a laptop at a kitchen table.
STANDARD·Jobs / Labor

Low Layoffs Mask a Slower Hiring Market for Workers

Jobless claims remain low, but slower hiring can still make the labor market feel difficult for workers trying to move, negotiate or find a new role.

May 28, 2026
Older worker and younger colleague reviewing paperwork in a workplace.
STANDARD·Jobs / Labor

Retiring Boomers Are Becoming a Labor Supply Problem

An aging workforce is becoming a structural challenge for employers, shaping hiring, wages, productivity, services, and long-term economic growth.

May 26, 2026
Office desk with a closed laptop and employee badge.
STANDARD·Jobs / Labor

Intuit Cuts Show Strong Earnings Do Not Always Protect Jobs

Intuit’s reported workforce reduction shows how profitable software companies can still cut jobs while shifting priorities, streamlining operations and responding to new pressures.

May 21, 2026

Companies

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A shopper compares prices in a discount-store aisle.
BRIEF·Companies

Discount Retailers Gain Ground as Younger Shoppers Hunt for Lower Prices

Younger shoppers are turning more often to discount retailers as price pressure keeps everyday purchases under closer review.

May 28, 2026
Generic car dealership lot and buyer paperwork with no visible brand logos.
STANDARD·Companies

Auto Tariff Uncertainty Is Starting to Reach Car Lots

Tariff fights can sound abstract until they reach automakers, suppliers, dealers, and buyers deciding whether to build, stock, price, or delay vehicles.

May 26, 2026
Auto repair counter with car keys, receipt, and parts box.
STANDARD·Companies

Advance Auto Parts Results Point to Steady Demand for Car Repairs

Advance Auto Parts’ latest results suggest repair and maintenance demand is holding up, offering a useful read on how drivers and repair shops are managing vehicle costs.

May 21, 2026
A Tesla sedan and SUV silhouette near a factory floor, representing the end of Model S and Model X production.
STANDARD·Companies

Why Tesla Ended the Model S and Model X, and What It Says About the Company’s Future

Tesla’s decision to stop building the Model S and Model X closes a major chapter in EV history and shows how sharply the company is shifting toward autonomy, robots, and higher-volume products.

May 20, 2026

Markets / Inflation / Rates

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A house key sits beside a calculator and mortgage paperwork on a desk.
BRIEF·Markets / Inflation / Rates

Mortgage Rates Near 6.6% Keep Housing Affordability Under Pressure

Average 30-year mortgage-rate readings remained near 6.6% on May 27, keeping monthly payments difficult for many buyers.

May 27, 2026
Person reviewing grocery and fuel receipts beside a generic economic chart.
STANDARD·Markets / Inflation / Rates

Why Weak Consumer Sentiment Can Keep Inflation Pressure in Focus

Consumer confidence surveys do not prove where the economy is headed, but rising inflation expectations can still matter for households, businesses, markets, and the Fed.

May 25, 2026
Delivery truck at a gas station with a generic oil price chart visible on a phone.
LEAD·Markets / Inflation / Rates

Oil Prices Fall as Iran Talks Raise Hopes, but Inflation Pressure Is Not Over

A sharp drop in crude prices offered a possible pressure valve for inflation, but the relief depends on whether diplomacy eases real risks to oil supply and shipping.

May 25, 2026
A laptop with blurred bond-market charts beside a calculator.
STANDARD·Markets / Inflation / Rates

Treasury Yields Remain a Pressure Point for Markets and Borrowers

Treasury yields eased slightly on May 21, but they remain high enough to keep pressure on borrowing costs, markets and federal financing.

May 21, 2026
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All rights reserved.

About

  • Our Mission
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Legal

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