We look at the latest purchasing managers report to see if new trade policies have made an impact. Also: Homeownership rates stall for Gen Z and millennials.
PMI data shows a mixed picture for businesses, and mixed emotions
by Sabri Ben-Achour
Spencer Platt/Getty Images
Manufacturers are optimistic, partly because of tariffs. In services, execs are glad the winter is over but not bullish on the full year.
Homeownership rates stagnate for young people
by Elizabeth Trovall
Tim Boyle/Getty Images
Amid elevated interest rates and high costs, millennials and older members of Gen Z made no gains in owning homes in 2024, Redfin data shows.
What role do Fannie Mae and Freddie Mac play in the U.S. mortgage market?
by Matt Levin
Andrew Harnik/Getty Images
They don’t make loans themselves, but they help banks make more of them.
Inside the $3 billion independent college counseling industry
by Kai Ryssdal and Andie Corban
Scott Eisen/Getty Images
Counselors offer services like essay editing, extracurricular guidance and university visit scheduling — sometimes for a six figure price.
For former federal workers, the move to state or local government can come with drawbacks
by Savannah Peters
John Lamparski/Getty Images
Officials in Maryland, New York, New Mexico and Kansas City are among those launching recruitment campaigns targeting federal workers. But matching those workers’ federal salaries and competing with private sector offers will be tough.
In Baltimore, bridge builders must be economic futurists
by Stephanie Hughes
Courtesy Maryland Transportation Authority
The rebuilt Francis Scott Key Bridge will have to accommodate not just the ships and trucks of today, but those of a 100 years from now.
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