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Business & Economy · Oct 20, 2026

U.S. Housing Market Slumps as Mortgage Rates Top 7 Percent, Builders Pull Back

New government data and trade surveys on October 20, 2026 show single family starts and permits falling sharply, while builder confidence hits a 14 year low. Higher mortgage rates and weak buyer demand are driving a contraction in residential construction that could slow economic growth and tighten supply further down the line.

Business & Economy · Oct 15, 2026

Hotter September CPI and AI stock rout send U.S. markets into broad selloff

A hotter than expected Consumer Price Index print on October 15, 2026, ignited renewed bets on Federal Reserve rate hikes and triggered a sharp retreat in AI and chip-related stocks, dragging U.S. equity indexes lower and refocusing investor concern on financing risks for capital intensive technology firms.