Oil analyst on restart for refineries in Texas following winter storm Lipow Oil Associates President Andy Lipow on his outlook for Texas following the deep freeze and the related power outages. Lipow Oil Associates President Andy Lipow on Monday provided his outlook for Texas following the deep freeze and the […]

Check out the mortgage rates for February 22, 2021, which are trending up from last Friday. (iStock) Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have risen since last Friday. 30-year fixed-rate mortgages: 2.875%, Up from 2.750%, +0.125 20-year fixed-rate mortgages: 2.750%, Unchanging 15-year fixed-rate […]

Why is the Fed’s bond buying program still needed? Federal Reserve Chairman Jerome Powell said bond purchases are ‘supporting accommodative financial conditions’ and that the Main Street Lending Facility will be up and running soon. As the pandemic’s misery continued last fall, foundation leaders like Robert Ross of the California […]

Editor's note: Below you'll find the week 7 release of the City Economic Recovery Tracker (CERT), originally published Jan. 27, 2021. Visit the CERT homepage for the latest data. The five cities in Investopedia’s City Economic Recovery Tracker (CERT) experienced mixed economic recoveries during the week of Jan. 16. Los Angeles had […]

Housing market is the ‘best performing segment of the economy’: NAHB CEO NAHB CEO Jerry Howard discusses the mass exodus from cities creating a high demand in the housing market and regulations slowing down home building. U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices. The […]

European Central Bank policymakers continued to assess that there was a case for maintaining ample stimulus and stressed that measures that were put in place in December should be given time to take full effect, the minutes of the latest policy meeting showed Thursday. “Members agreed that ample monetary stimulus […]

The Labor Department released a report on Thursday showing U.S. import prices increased by more than expected in the month of January. The report said import prices surged up by 1.4 percent in January after climbing by an upwardly revised 1.0 percent in December. Economists had expected import prices to […]