Economic News
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Suddenly, stock-market investors are wrestling with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond…
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‘One of the strongest job markets in the past 50 years’: Looking for a pay raise? This jobs report has good news for you.
Will more jobs mean higher wages? The government’s latest jobs report showed the U.S. economy gained 528,000 jobs last month,…
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‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling…
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U.S. stock futures turn lower after much stronger-than-expected jobs report reinforces Fed rate hike expectations
U.S. stock-index futures turned lower Friday morning after a much stronger than expected reading on July employment reinforced expectations for…
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U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in…
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Dow up 350 points, stocks hit 6-week highs as investors shrug off weak GDP number
U.S. stocks rallied to their highest level in more than six weeks Thursday as investors digested second-quarter GDP data as…
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U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline…
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Fed jacks up interest rates again to combat highest inflation in 41 years
The Federal Reserve on Wednesday raised a key U.S. interest rate for the fourth time this year in an aggressive…
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Home prices are being slashed in these 10 cities as real-estate market cools
The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of…
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U.S. durable-goods orders surge in June, but all the strength is in cars and military planes
The numbers: Orders at U.S. factories for long-lasting goods jumped 1.9% in June largely because of more bookings for new cars…
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