More Than 227,000 US Property Foreclosure Filings In First Half Of 2026

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

AI Reshaping US Jobs But Not Yet Triggering Mass Unemployment, Says European Central Bank Authored by Owen Evans via The Epoch Times, Artificial intelligence (AI) has begun shifting American workers away from occupations most vulnerable to automation, but its overall effect on U.S. employment and wages still remains “muted,” according to a European Central Bank study released on Monday. U.S. companies have been investing heavily in AI in recent years amid predictions that humans will be ​replaced at increasing rates. According to the European Central Bank (ECB) Economic Bulletin article, certain workers, especially...

"This Is Not Normal": China's DeepSeek Cuts New AI Model Fees, Again DeepSeek senior researcher Victor Chen announced on X that the company's newly released DeepSeek-V4-Pro model will be offered at a huge discount over the next week, a move that threatens to unleash an AI platform price war just as Anthropic, OpenAI, and Google are rolling out newer, more expensive models. "Second price drop in two days! On top of the base 75% off, stack an extra 90% discount for cache hits. That brings it down to just 0.003625 USD/0.025...