Mortgage rates hit their highest level in more than seven years this week at nearly 5 percent, a level that could deter many home buyers and represents another setback for the slumping housing market, the Wall Street Journal reported. The average rate for a 30-year fixed-rate mortgage rose to 4.9 percent — the largest weekly jump...

The U.S. Department of Agriculture’s $12 billion package to offset farmers’ losses from the imposition of tariffs American exports could end up shrinking after an agreement to update NAFTA was struck, Agriculture Secretary Sonny Perdue said yesterday, according to Reuters. “We will be recalculating along as we...

Sen. Bernie Sanders (I-Vt.) yesterday unveiled legislation that would place a hard cap on the size of financial institutions, the Washington Post reported. Sanders’ bill would bar financial institutions from holding assets, derivatives and other forms of borrowing worth more than 3 percent of the entire U.S. economy, or $584...