Chase and Southwest have a new travel credit card, but is it a good deal?

Frequent flyers on Southwest LUV, -0.58%   now have a new option when paying for their flights. Chase JPM, -0.97%  and Southwest Airlines on Thursday announced a new credit card, the Southwest Rapid Rewards Priority Credit Card. This comes in addition to the Southwest Rapid Rewards Plus card and the Southwest Rapid Rewards Premier card. … Read more

The Wall Street Journal: U.S. deficit now projected to top $1 trillion starting next year

WASHINGTON—The Trump administration expects the annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting next year. The revisions, which went largely unnoticed when the White House submitted its annual update to Congress last week, reflect the cost … Read more

Europe Markets: European stocks drop from 1-month high as miners slide

European stock markets declined on Thursday, pulling back from a one-month high as mining stocks tracked a selloff in the metal prices and traders digested the latest round of earnings reports. U.K. stocks bucked the negative trend after disappointing retail sales data sparked renewed weakness in the pound. What are markets doing? The Stoxx Europe … Read more

Metals Stocks: Gold tumbles, poised for lowest close in more than year as dollar, rates rise

Gold prices early Thursday extended a downdraft that has pushed the metal toward its lowest close in more than a year, in an atmosphere of rising benchmark rates for U.S. government debt and the continuation of a U.S. dollar rally. August gold GCQ8, -0.94%  traded $12, or 1%, lower at $1,215.90 an ounce early Thursday, … Read more

Project Syndicate: Trump may bury the global recovery, Roubini says

NEW YORK (Project Syndicate) — How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronized expansion, with growth accelerating in both advanced economies and emerging markets. Moreover, despite stronger growth, inflation was tame — if not falling — even in economies like … Read more

Detroit has the country’s most unequal housing market—and that could be a good thing

Inequality could be good for housing markets. A new analysis from LendingTree, an online loan marketplace, examined the nation’s 50 largest metropolitan areas to determine how equal—or unequal—their housing markets are. And as it turns out, the Midwest and Deep South are bastions of home price inequality. Detroit had the highest “GINI Coefficient” of all … Read more

London Markets: FTSE 100 rises after weak retail sales throw August rate hike into question

U.K. stocks swung higher on Thursday and the pound tumbled after disappointing British retail sales stoked speculation the Bank of England may refrain from hiking interest rates in August. What are markets doing? The FTSE 100 index UKX, +0.15%  rose 0.2% to 7,689.90, after darting in and out of losses earlier in the day. Sterling … Read more