Stories tagged: economy
UPDATED: Wed., Aug. 21, 2019, 5:39 p.m.
U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying.
UPDATED: Wed., Aug. 21, 2019, 11:50 a.m.
U.S. stocks marched broadly higher in midday trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers.
Wed., Aug. 21, 2019, 10:28 a.m.
The U.S. job market isn’t quite as strong as originally believed – with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported.
Tue., Aug. 20, 2019
There are parallels between the present financial turmoil and past episodes of economic disruption, including the Great Depression of the 1930s.
UPDATED: Mon., Aug. 19, 2019, 4:13 p.m.
The surge in tech stocks followed a decision by the U.S. to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmakers including Qualcomm, Intel …
UPDATED: Mon., Aug. 19, 2019, 10:51 a.m.
President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week’s steep drop in the financial markets.
Fri., Aug. 16, 2019, 5:06 p.m.
California’s unemployment rate has again fallen to an historic low of 4.1% as the world’s fifth-largest economy continues to add jobs following the Great Recession.
Fri., Aug. 16, 2019, 4:58 p.m.
The pace of U.S. home construction fell a sharp 4% in July despite strong demand from would-be buyers, held back by a shortage of skilled labor and affordable land.
Fri., Aug. 16, 2019, 4:31 p.m.
President Donald Trump has been warning of an economic crash if he loses reelection, but recession may be coming before that.
UPDATED: Fri., Aug. 16, 2019, 6:35 p.m.
Stocks around the world jumped Friday to cap another tumultuous week.
UPDATED: Thu., Aug. 15, 2019, 3:43 p.m.
Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy – shoppers …
UPDATED: Wed., Aug. 14, 2019, 2:39 p.m.
Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy.
Tue., Aug. 13, 2019, 10:34 a.m.
The consumer price index increased 1.8% compared with a year earlier, up from 1.6% in June, the Labor Department said Tuesday. Excluding the volatile food and energy categories, core prices …
UPDATED: Tue., Aug. 13, 2019, 7:18 p.m.
Investors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on …
Tue., Aug. 13, 2019
There is growing evidence of a possible recession. If one materializes, President Trump could lose his most powerful argument for reelection: a strong economy.
Sat., Aug. 10, 2019
Good economic times don’t last forever. Jobs can disappear. When things go in the other direction, many Americans will learn yet another lesson in the economic risk of piling on …
Fri., Aug. 9, 2019, 10:30 a.m.
U.S. wholesale prices rise just 0.2% in July, as inflation remains tame
UPDATED: Fri., Aug. 9, 2019, 4:20 p.m.
Stocks stumbled Friday as worries flared yet again that President Donald Trump’s trade war with China may be worsening.
Thu., Aug. 8, 2019, 2:13 p.m.
Stocks moved broadly higher on Wall Street Thursday as investors tried to shake off several days of volatile trading brought on by escalations in the U.S.-China trade war.
UPDATED: Wed., Aug. 7, 2019, 3:58 p.m.
Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on …
UPDATED: Tue., Aug. 6, 2019, 3:26 p.m.
Stocks closed broadly higher Tuesday as Wall Street regained its footing a day after the market had its biggest decline in a year.
Mon., Aug. 5, 2019, 4:09 p.m.
The pace of expansion for U.S. services companies fell to its slowest pace in nearly three years, as gauges of business activity and new orders weakened.
Mon., Aug. 5, 2019, 9:48 a.m.
President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the U.S. dollar for the first time in 11 …
UPDATED: Thu., Aug. 1, 2019, 6:13 p.m.
U.S. factory activity expanded at a slower rate in July for the fourth consecutive month as the Trump administration squares off with other countries on trade.
UPDATED: Thu., Aug. 1, 2019, 6:50 p.m.
A rising number of American workers may be feeling nearly as dazzled on the job. One of the fastest-growing job categories of the past decade has been in what David …
Mon., July 29, 2019, 4:33 p.m.
U.S. business economists expect economic growth to slow this year, and a rising proportion of them think corporate sales and profits will decline.
Wed., July 24, 2019, 5:12 p.m.
Treasury Secretary Steven Mnuchin is returning to China next week to further talks aimed at resolving a trade battle between Washington and Beijing.
UPDATED: Wed., July 24, 2019, 5:09 p.m.
U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren’t encouraging …
Tue., July 23, 2019, 2:34 p.m.
U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership.
Tue., July 23, 2019, 2:25 p.m.
The IMF said Tuesday that it expects the global economy to expand by a “sluggish” 3.2% in 2019, down from 3.6% in 2018 and from the 3.3% growth it forecast …