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Worse Than a Recession? Trump's Tariffs Risk 'Self-Inflicted' Stagflation

An economic downturn combined with high inflation is a double-whammy for your finances. DNY59/Getty Images/Jeffrey Hazelwood/CNET President Donald Trump's turbulent tariff agenda, combined with mass deportations and increased national debt, has created heightened volatility in financial markets. Though many economists say there's low risk of a job-loss recession, others say we're at a critical crossroads, as consumer sentiment sours and the labor market sputters. Some analysts have even posite

Will Mortgage Rates Drop in a Recession? This Realtor Has a Hot Take

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images In today's news cycle, recession headlines come and go. Amid trade war anxieties, stock market roller-coaster rides and global conflict, no one is hoping for a major economic setback -- except recessions have often created more favorable conditions for mortgage rates. Since the beginning of 2025, average 30-year fixed mortgage rates have been stuck in the high 6.5% to 7% range. Most housing experts,

Waiting for Mortgage Rates to Drop in a Recession? This Realtor Has a Hot Take

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images Recession headlines come and go in today's news cycle, which is filled with trade war anxieties, stock market roller-coaster rides and global conflict. No one wants to pin their hopes on a major economic setback. But since recessions have often created more favorable conditions for mortgage rates, many of my clients want to know: Will buying a home become more affordable in a recession? Since the beg

As job losses loom, Anthropic launches program to track AI’s economic fallout

Silicon Valley has opined on the promise of generative AI to forge new career paths and economic opportunities – like the newly coveted solo unicorn startup. Banks and analysts have touted AI’s potential to boost GDP. But those gains are unlikely to be distributed equally in the face of what many expect to be widespread AI-related job loss. Amid this backdrop, Anthropic on Friday launched its Economic Futures Program, a new initiative to support research on AI’s impacts on the labor market and

Anthropic has a plan to combat AI-triggered job losses predicted by its CEO

NurPhoto/Getty Images The rise and rapid adoption of advanced AI tools has led to widespread concerns about mass job displacement and other economic disruptions. Now, one of the industry's biggest players is looking ahead, hoping to understand what steps can be taken in the present to brace the world for the future. AI start-up Anthropic announced Friday that it was launching its Economic Futures Program, a research initiative devoted to studying and preparing for AI's near-term economic impac

How Anthropic's new initiative will prepare for AI's looming economic impact

NurPhoto/Getty Images The rise and rapid adoption of advanced AI tools has led to widespread concerns about mass job displacement and other economic disruptions. Now, one of the industry's biggest players is looking ahead, hoping to understand what steps can be taken in the present to brace the world for the future. AI start-up Anthropic announced Friday that it was launching its Economic Futures Program, a research initiative devoted to studying and preparing for AI's near-term economic impac

No Fed Cut, No Rate Break: June Mortgage Forecast Stays Flat

As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNET With each passing day, it seems like average 30-year mortgage rates could remain stuck near 6.8% for the rest of the year. Yet conflicting economic forces could push mortgage rates up or down in the coming months. Housing market experts say the same thing: The direction of mortgage rates depends on the economic impact of policies by the Trump administration and th

Unit Network raises $18M for decentralized platform enabling real-world and digital asset trading

Unit Network, a decentralized financial ecosystem enabling trading of real-world and digital assets through tokenization, has raised $18 million. The venture capital investment was led by industry leaders such as the Blockchain Founders Fund and Outlier Ventures, alongside notable entrepreneurs including Cristina Venture (White Star Capital), Diego Gutiérrez Zaldívar (Rootstock), Joshua Seims (Metastable Capital), Richard Wang (Draper Dragon Fund), Thomas Hessler (Zanox), Yuval Rooz (DigitalAss