Homebuilding bounced back in September
US homebuilding bounced back in September, after dropping in August to the lowest levels since 2020 as mortgage rates climbed.
2023-10-18 21:58
US retail sales rose for the sixth-straight month
Spending at US retailers continued to grow last month, a fresh sign that American shoppers aren't tapping out just yet.
2023-10-17 20:59
Consumer price inflation rose more than expected in September
Price increases remained elevated in September as year-high gas prices drove inflation higher and heaped more pressure on consumers, according to new data released Thursday by the Bureau of Labor Statistics.
2023-10-12 20:49
Most Fed officials expect one more interest rate hike and that they'll remain elevated for a while, minutes show
Most Federal Reserve officials said last month that they expect one more rate hike, according to minutes from their September policy meeting released Wednesday. Some officials said that how fast inflation cools in the coming months will determine how long rates remain elevated.
2023-10-12 02:24
US wholesale inflation heated up last month amid higher gas prices
Wholesale price increases of US goods and services jumped higher for a third consecutive month, a sign that inflation's path downward remains a bumpy one, according to data released Wednesday by the Bureau of Labor Statistics.
2023-10-11 20:48
US job growth soared in September, adding 336,000 positions
The US job market surged in September, adding more jobs than expected for the second consecutive month, according to data released Friday by the Bureau of Labor Statistics.
2023-10-06 20:52
The private sector added just 89,000 jobs last month, far below expectations
US employers in the private sector added an estimated 89,000 jobs in September, a much lower total than expected and an indication of a sharp pullback in the labor market, payroll processor ADP reported Wednesday.
2023-10-04 20:57
Dow tumbles by more than 400 points, on pace for biggest one-day decline since March
Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy's cloudy outlook and further interest rate hikes from the Federal Reserve.
2023-09-27 02:52
US consumer confidence is the lowest it's been in four months
Rising gas prices and high interest rates contributed to greater economic uncertainty and dampened consumer confidence in September, dropping the key economic indicator to the lowest level in four months, according to data released Tuesday.
2023-09-26 23:28
The Fed hits pause on interest rate hikes while it reviews more data
The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high.
2023-09-21 02:27
Danish artist told to repay museum €67,000 after turning in two blank canvasses
Jens Haaning was given about €67,000 by a Danish museum to create art, but sent it blank canvasses.
2023-09-19 00:29
Chinese electric cars will reduce UK emissions but what about rivals here?
Chinese car imports will help the UK hit its net zero goal but could damage its own car industry.
2023-09-16 05:24