Photo of Chinese Vice Premier Liu He, center, posing with U.S. Trade Representative Robert Lighthizer, right, and Treasury Secretary Steven Mnuchin

China Threatens Retaliation for Trump’s Planned Tariff Hike

BEIJING — China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China's government accused Trump of violating h...
Photo of a home surrounded by snow in Natick, Mass.

US Mortgage Rates Post Biggest Drop in Decade to 4.06%

WASHINGTON — Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged...
Photo of cash and a wallet

Buoyant Stocks Lift US Household Wealth, Mainly for Affluent

WASHINGTON — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' ...