Economy

Underinsured and Overexposed: LA’s Wildfires and the Jumbo Loan Dilemma

Ann Choi, Yizhu Wang, and John Gittelsohn of Bloomberg report that wildfires in Los Angeles have left banks holding risky jumbo loans, which make...

Russia and China Tighten Grip on Arctic: A Warning to the West

Daniel Kiss, Thomas Grove, Vipal Monga, Austin Ramzy, and Roque Ruiz of The Wall Street Journal report that the Arctic is becoming a key...

U.S. GDP Grew 2.5% in 2024

Harriet Torry of The Wall Street Journal reports that the U.S. economy grew 2.5% in 2024, driven by strong consumer spending and low unemployment....

Could U.S. Gas Prices Fall 3% in 2025?

The U.S. Energy Information Administration (EIA) forecasts a decrease in gasoline prices through 2026, driven by lower crude oil prices and reduced consumption from...

China’s 5% Growth: Fact or Fiction?

China's economy grew by 5% in 2024, meeting the official target, driven by investment and export growth, despite weaker consumption, reports Jason Douglas of...

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