A "Now Hiring" sign at a Cookout fast-food restaurant in Durham, North Carolina, Nov. 25, 2025.Al Drago | Getty ImagesThe U.S. labor market likely showed modest improvement in December, providing some encouragement for the year ahead but nothing to get too excited about.Nonfarm payrolls likely rose by 73,000 last month...
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Home prices are getting slightly more affordable, but down payments are still holding buyers back
Mortgage rates are lower, home prices are easing and there is more supply on the market for sale. All of that adds up to improved affordability for today's homebuyers. Saving for a down payment, however, is still the biggest hurdle for first-time buyers. Prices nationally are basically flat compared with...
Citadel to return $5 billion in profit to investors, source says
Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next year, according to a person familiar with the matter. The firm's flagship multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked not...
Fed minutes show officials were in tight split over December rate cut
WASHINGTON — The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated.Officials expressed a variety of opinions during the Dec. 9-10 meeting,...
Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026
Labor market weakness, uncertainty about inflation and political pressure will push the Federal Reserve to lower interest rates aggressively in the early part of 2026, according to Mark Zandi, chief economist at Moody's Analytics.Though markets and Fed officials themselves see only modest easing in the year ahead, Zandi expects the...