The Petersburg Post

Thursday, May 22nd, 2025 - Despite the brief retreat in mortgage rates and increased supply, existing home sales dropped to 7-month low in April, according to the National Association of Realtors (NAR). This unexpected decline suggests buyers' activity continues to be constrained by economic uncertainty and ongoing affordability challenges even with improved market conditions. While existing home inventory improved, the market faces ...

Thursday, May 22nd, 2025 - Investor unease over President Donald Trump's economic program drove the government's borrowing costs to their highest level in nearly two decades, following House approval of tax legislation that is expected to add trillions of dollars to the ballooning U.S. national debt. The yield, or interest rate, on the 30-year Treasury bond briefly topped 5.15 percent Thursday morning before closing just shy of 5.05 percent, ...

Wednesday, May 21st, 2025 - Retailer warns sales will slip for all of 2025 as customers pull back spending amid fears over tariffs and economy Sales at Target fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending. Target also said that customer boycotts have also done some damage during the latest ...