Economic News
- Stock Market
The Fed and the stock market are set for a showdown this week. What’s at stake.
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher…
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How to pay for reparations in California? ‘Swollen’ wealth could replace ‘stolen’ wealth through taxes
The panel responsible for the nation’s first state-level exploration of reparations for Black Americans discussed an important question this weekend:…
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U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
The numbers: U.S. pending-home sales rose 2.5% in December, reversing a six-month losing streak, according to the monthly index released…
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Inflation rate slows again to 15-month low, PCE shows, as U.S. economy weakens
The numbers: The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation…
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U.S. economy grew a sturdy 2.9% at the end of 2022, GDP shows — but don’t look for a repeat soon
The numbers: The economy grew at a robust 2.9% annual pace in the fourth quarter, but the U.S. faces tough…
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U.S. durable-goods orders jump 5.6% — but the details paint a more dismal picture
The numbers: Orders for manufactured goods jumped 5.6% in December because of a flush of new contracts for Boeing passenger planes,…
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U.S. new home sales rise by 2.3%, despite broader sector weakness
The numbers: U.S. new home sales rose 2.3% to a seasonally-adjusted rate of 616,000 in December, from a revised 602,000…
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U.S. stocks climb as GDP report shows economy taking Fed’s rate hikes in stride
U.S. stocks opened higher on Thursday as optimism over Tesla’s earnings results and a stronger-than-expected GDP report left investors in…
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U.S. existing-home sales fall for the eleventh straight month in December
The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December, the National…
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Dow, S&P 500 book third straight day of losses as investors digest mixed signals on economy
U.S. stocks ended lower for a third straight session Thursday as investors weighed mixed signals on the strength of the…
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