Rising inflation deals blow to potential interest rate cuts

The housing market is starved for relief on mortgage rates, but hope for the Federal Reserve cutting interest rates just took a huge blow.The reading of the consumer price index (CPI) from the Bureau of Labor Statistics came in unexpectedly high, showing a 3% rise for the 12-month period ending in J

Trump names Jonathan McKernan director of gutted CFPB

President Trump nominated Jonathan McKernan, who previously served as a board member of the FDIC and senior counsel of policy at FHFA, to be director of the CFPB on Tuesday, capping a chaotic week for the bureau. McKernan also has experience in the Senate, having served as senior financial policy ad

Zillow is still in the red, but its major revenue streams are rising

Rental listings have been a consistent high-growth revenue stream for Zillow since the onset of the COVID-19 pandemic in 2020. And the company has struck a deal that it believes can push that growth even higher.On its fourth-quarter 2024 earnings call on Tuesday evening, Zillow announced a partnersh