The midterm elections could reshape Congress as lawmakers grapple with persistent inflation, high energy prices and rising fiscal debt. For investors, by contrast, the political outcome could deliver a boost. Data from financial firm Edward Jones shows that the S&P 500 stock index rose an average of 1.7% in the month after the last 14 midterm races,…
As a mist of rain sprinkled the fields around him in Homestead, Florida, Ford bemoaned how expensive it had been running a fossil fuel-powered irrigation system on his five-acre farm — and how bad it was for the planet. Earlier this month, Ford installed an automated underground system that uses a solar-powered pump to periodically saturate…
“There’s a lot of pissed-off farmers right now at Trump and Marshall,” said Kansas farmer Jeff Preisser, “because you see the situation we’re in.” In the final stretch of Kansas’ unexpectedly competitive Senate race between Republican Sen. Roger Marshall and Democrat Adam Hamilton, the Preisser family laid out their situation for CBS News, handing over…
President Trump said his administration will provide $8 billion in aid to farmers hurt by record diesel prices. “Tonight I’m also pleased to announce that the Department of Agriculture will be launching a new Harvest Fuel Relief program, providing our farmers with $8 billion in support to offset diesel costs during this harvest season,” Mr….
Financial markets slumped on Friday as investors bailed on technology stocks amid concerns that companies exposed to artificial intelligence are starting to wobble. The tech-heavy Nasdaq Composite tumbled 573 points, or 2.1%, to end at 26,140, closing out its worst week since June. The broader S&P 500 and blue-chip Dow Industrial Average sank 1.1% and…
President Trump campaigned in 2024 on promises to lower Americans’ cost of living, vowing to push gasoline prices below $2 a gallon and to deliver 2% mortgage rates. Two years later, consumers face sharply higher costs for many of the necessities he pledged to make more affordable. Less than a month before the midterm elections,…
One startup uses artificial intelligence to help winemakers better predict crop yields. Another uses insights gleaned from AI to enable earlier detection of skin cancer, while a third develops a seaweed-based hydrogel fire suppressant that’s free of “forever chemicals.” The entrepreneurs behind these tech-forward startups have one thing in common: They started the companies from…
The bond market is flashing red. The yield on the 30-year Treasury note reached 5.44% on Wednesday, its highest level since 2004, before slipping slightly on Thursday morning. The 10-year Treasury, which influences mortgage rates, briefly neared 5.15% on Thursday morning, a level it last reached in 2001. Yields had already risen amid concerns about inflation…
House hunters are facing a fresh affordability crunch as mortgage rates hit 7% this week, marking their highest level in almost two years. The coming weeks aren’t likely to offer any relief, with some experts telling CBS News that borrowing costs could continue to rise. Rates are “far more likely to go up than down…
Thomas Louis and his wife have tried everything to clinch a deal to buy a home: offering above the asking price, waiving inspections, and considering properties that tick some, but not all, of their boxes. Three years and 15 offers later, they’re still looking. This year’s sharp rise in mortgage rates, which are now approaching…
