The impact of President Donald Trump‘s tariffs continues to rip through the logistics and transportation sectors, with major ports experiencing a steep drop in imports after records were set earlier this year, and volumes throughout the supply chain rolling over. For the first time in 2025, rates for van, flatbed, and refrigerated loads in October…
During the pandemic, home buyers got accustomed to sub-3% mortgage rates, which made purchasing a house feel more achievable. But in the past couple of years, buyers have had no such luck. In late 2023, mortgage rates peaked at 8%. They’ve let up some, today’s 30-year fixed mortgage rate is 6.19%, according to Mortgage News…
A new residential complex under construction in Hangzhou, Zhejiang Province, China on October 20, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Chinese policymakers are unlikely to shore up the country’s struggling real estate sector, analysts told CNBC, even as the housing slump drags on economic growth. The assessment comes as China’s top…
This is Tom Jia. He’s a 28-year-old lifestyle influencer who calls himself a — Tangping, or “lying flat:” It’s a fast-growing lifestyle, rejecting social pressures to overwork and pursue material success. In China, young people face intense pressure to work grueling hours, buy a house and get married. Some are quietly rebelling and choosing to…
New tariffs on imported wood and certain wood products took effect on Tuesday. Softwood timber and lumber are now subject to 10% tariffs under a proclamation signed by President Donald Trump last month. Trump also imposed 25% import taxes on upholstered furniture, kitchen cabinets, and bathroom vanities. Those rates are slated to increase again on…
A 119-year-old apartment complex in the Ghent neighborhood of Norfolk has a new owner who plans to elevate the property while keeping its historic charm. Lightwell Development, a New York City-based real estate development firm focused on historic tax credit renovation work, bought Pelham Place at 521 Boissevain Ave. in September for $9.15 million. The…
President Donald Trump has urged U.S. homebuilders to ramp up construction across the country, claiming they are “sitting on 2 million empty lots” while the nation continues navigating a housing shortage. The lack of inventory on the U.S. market, which is due to the fact that the country built far fewer homes than needed following…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
The Federal Reserve on Wednesday announced a widely expected interest rate cut. Wednesday’s cut was the Federal Reserve Board of Governors first this year. It’s now set at 4% to 4.25%. The interest rate cut affects consumers in many ways, including mortgage rates, credit card interest rates and auto loan interest rates. “This creates opportunity…
Israel has bombed and destroyed the tallest residential building in Gaza, the Al-Ghafri high-rise, as it launched a massive wave of strikes on Gaza City on Monday evening, forcing hundreds of thousands of residents to continue to flee the city. Francesca Albanese, the United Nations special rapporteur on the occupied Palestinian territory, says Israel is…