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BREAKING: Supreme Court to decide lawfulness of Trump’s immigrant detention policy

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Economy

The latest updates on our changing economy.

Treasury Secretary Scott Bessent
Julia Demaree Nikhinson / AP
ECONOMY

Mortgage rates hit highest point since 2023 as Treasury yields rise

The Federal Reserve Board Building under construction
Mehmet Eser / Anadolu via Getty Images
U.S. NEWS

Watchdog finds no criminality in Fed renovation that drew Trump’s scrutiny

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1d ago

2026 Election

2026 Election

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.
Healthcare Workers Join California Billionaire Tax Coalition
Healthcare Workers Join California Billionaire Tax Coalition
2d ago

Spain

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.
Maricarmen
Maricarmen
2d ago

Energy

Energy

FOR SUBSCRIBERS

More 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.
A worker in a hard hat twists the lever of a pipe outside near large trucks getting filled with oil
A worker in a hard hat twists the lever of a pipe outside near large trucks getting filled with oil
2d ago

Trump tariffs

Trump tariffs

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's Widening Tariff War Sparks Quick Retaliation On US
Trump's Widening Tariff War Sparks Quick Retaliation On US
3d ago

Trump tariffs

Trump tariffs

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.
President Donald Trump at the Presidents Cup
President Donald Trump at the Presidents Cup
3d ago

Trump tariffs

Trump tariffs

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.
Yantian Port And Global Trade
Yantian Port And Global Trade
3d ago

Economy

Economy

FOR SUBSCRIBERS

The 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.
Snow falls by a gas station.
Snow falls by a gas station.
6d ago

Economy

Economy

FOR SUBSCRIBERS

Gas, 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.
Shoppers at a mall.
Shoppers at a mall.
7d ago

Markets

Markets

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.
High Gas Prices And Mideast War Are Giving Voters Flashbacks To Bush
High Gas Prices And Mideast War Are Giving Voters Flashbacks To Bush
7d ago

2026 Election

2026 Election

FOR SUBSCRIBERS

Poll: Voters grow more concerned about capitalism, but they’re still wary of socialism and the DSA

More young voters have positive views of socialism than of capitalism for the first time in NBC News polling.
NYC Mayor Mamdani Holds Get Out The Vote Rally Ahead Of Primary Election
NYC Mayor Mamdani Holds Get Out The Vote Rally Ahead Of Primary Election
8d ago

Trump tariffs

Trump tariffs

U.S. says China trade truce extended by 2 months

Treasury Secretary Scott Bessent also indicated that there could be more announcements from China, including on agriculture.
First Lady Melania Trump Announces Expansion Of Her Foster Care Initiative
First Lady Melania Trump Announces Expansion Of Her Foster Care Initiative