u.s. economy
Whats Ahead For Global Financial Markets
World - Published date: .
The CEO of Goldman Sachs offers his take on the stock market, interest rates, crypto—and where the risks are Read more
Mortgage Demand Falls For The Second Straight Week, Signaling A Potential Slowdown In The Housing Recovery
AMERICA - Published date: .
The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates conti... Read more
Fed's Bullard Warns Of Financial Crisis Risks As Virus Cases Spike, FT Reports
AMERICA - Published date: .
St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coron... Read more
Home Prices Heated Up In April, Despite Brief Sales Drop From Coronavirus, S&P Case-Shiller Says
AMERICA - Published date: .
Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the corona... Read more
U.S. GDP Fell At A 5% Rate In The First Quarter, And The Worse Is Likely On The Way
AMERICA - Published date: .
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-mont... Read more
Another 1 Million Jobless Claims Show Congress May Need To Extend Extra Benefits Set To Expire
AMERICA - Published date: .
Economists say the latest jobless claims report shows adds weight to calls for the extension of expanded unemployment be... Read more
U.S. May Retail Sales Surge 17.7% In The Biggest Monthly Jump Ever
AMERICA - Published date: .
U.S. retail sales were expected to rise 8% in May, after plunging 16.4% the prior month as retailers went into lockdown ... Read more
Homebuilder Sentiment Posts Biggest Monthly Surge Ever, A Sign Housing Is Rebounding From Coronavirus
AMERICA - Published date: .
Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Associati... Read more
U.S. Import Prices Post Largest Gain In More Than A Year
AMERICA - Published date: .
U.S. import prices rebounded more than expected in May, which could further diminish fears of deflation as the economy b... Read more
More Expensive Meat Drives Up U.S. Producer Prices
AMERICA - Published date: .
U.S. producer prices increased more than expected in May amid a surge in the cost of meat, but the underlying trend in p... Read more
U.S. Consumer Prices Post Third Straight Monthly Drop
AMERICA - Published date: .
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Co... Read more
Mortgage Demand From Homebuyers Amazes Again, Now Up 13% Annually Despite Rising Rates
AMERICA - Published date: .
Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers: Applications for loans to pu... Read more
U.S. Productivity Falls At 0.9% Rate In First Quarter
AMERICA - Published date: .
U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, wh... Read more
Visa Sees A Pickup In Consumer Spending In May
AMERICA - Published date: .
Visa's total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer sp... Read more
Mortgage Demand From Homebuyers Shows Unexpectedly Strong And Quick Recovery, As Applications Spike 9% From A Year Ago
AMERICA - Published date: .
It's not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into t... Read more
New Home Sales Rose Slightly In April, Defying Expectations Of A Huge 22% Drop, As Prices Fall
AMERICA - Published date: .
In perhaps one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built home... Read more
Home Prices Gained Strength As Coronavirus Shut Down Economy In March, S&P Case-Shiller Says
AMERICA - Published date: .
Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemi... Read more
May Unemployment Looks Worse Than Expected, Signaling Another Bad Jobs Report Could Be Coming
AMERICA - Published date: .
So far, state reopenings have not helped stem the rise in unemployment, which is expected to show another big jump in th... Read more
Mitch McConnell Says Next Coronavirus Bill Will Not Extend Enhanced Unemployment Benefits
AMERICA - Published date: .
House Democrats passed a bill last week to extend the enhanced $600 per week unemployment benefit through January. Read more
Second Wave Of Coronavirus Infections Could Cause A Worse Economic Disaster, Experts Warn
AMERICA - Published date: .
States across the country began reopening parts of their economies as early as April 24. Guidelines for reopening differ... Read more