2689 - Existing home sales decline in March
Stocks close mixed; housing inventory rises; leading economic indicators index falls; initial jobless claims unchanged.
Thu, 18 Apr 2024 - 01min
2688 - Biggest U.S. homebuilder is doing brisk business
D.R. Horton increased quarterly profit by 27%; TSMC forecasts sales increase of up to 30% on A.I. chip demand; initial jobless claims remain at a low of 212,000; U.S. investigating China’s shipbuilding industry over potential unfair subsidies.
Thu, 18 Apr 2024 - 01min
2687 - Fed survey finds modest economic expansion
Stocks close down; employment rises modestly; price increases in line with previous surveys; car insurance jumps over the last year.
Wed, 17 Apr 2024 - 01min
2686 - Biden wants to triple tariffs on Chinese steel, aluminum
White House says China is flooding U.S. with artificially cheap steel, aluminum; United Airlines Q1 losses less than feared; Tesla wants shareholders to reinstate Musk’s $56 billion pay package; Transportation Department to partner with states to investigate airline passenger complaints.
Wed, 17 Apr 2024 - 01min
2685 - Powell says recent data reduces confidence in inflation progress
Stocks close mixed; Powell says it’ll take longer than expected to be confident that inflation is moving down; housing starts fall; industrial production rises.
Tue, 16 Apr 2024 - 01min
2684 - A strong U.S. economy expected to pull up the rest of the globe
IMF improves global economic growth forecast to 3.2%; new housing construction plummets in March; UnitedHealth beats earnings forecasts despite ransomware attack; Bank of America’s profit falls amid high interest rates.
Tue, 16 Apr 2024 - 01min
2683 - Retail sales rise in March
Stocks close down; retail sales rise 0.7% from February; homebuilder confidence flat in April; investment banking revenue pushes up Goldman Sachs earnings.
Mon, 15 Apr 2024 - 01min
2682 - Americans keep spending, despite higher prices
Retail sales increased 0.7% in March, Commerce Department says; FBI boards cargo ship that crashed into Baltimore bridge; Goldman Sachs quarterly profits soar amid more deal making; global smartphone sales rise nearly 8%.
Mon, 15 Apr 2024 - 01min
2681 - JPMorgan Chase profits rise 6%
Stocks fall; JP Morgan CEO cites economic uncertainty; consumer confidence holds steady; import prices rise in March.
Fri, 12 Apr 2024 - 01min
2680 - Big financial institutions report mixed quarterly results
Profits rose 6% at JPMorgan Chase; BlackRock profits soar 36%; Citigroup, Wells Fargo profits decline; S&P 500 quarterly earnings expected to be up 5%.
Fri, 12 Apr 2024 - 01min
2679 - Services costs push up Producer Price Index
Stocks close higher; cost of financial services, equipment wholesaling and other services rise; mortgage rates near 7%; initial jobless claims fall.
Thu, 11 Apr 2024 - 01min
2678 - Quarterly earnings season kicks off with some positive reports
Delta Air Lines reported strong sales and summer demand; Constellation Brands reported strong beer sales; CarMax struggled amid high prices and interest rates; initial jobless claims declined to 211,000 last week; ECB maintains record high interest rate.
Thu, 11 Apr 2024 - 01min
2677 - Inflation was up, sending stocks down
The annual rate of CPI inflation ticked up in March; Accounting giant KPMG fined $25 million in exam-cheating scandal; Trump Organization’s former CFO gets 5 months jail sentence for perjury.
Wed, 10 Apr 2024 - 01min
2676 - Two years left to “save the world,” U.N. climate chief warns
The U.N.’s Simon Stiell is calling for changes in global finance to help fund climate change response; inflation increased to 3.5% in March, the Labor Department says; starting today, broadband providers must provide price labels; Google, Intel unveil advanced chips for A.I.
Wed, 10 Apr 2024 - 01min
2675 - A mixed day on Wall Street
Small business optimism falls; gold hits a new record; EPA tightens rules for chemical plants.
Tue, 09 Apr 2024 - 01min
2674 - Small business owners are in a sour mood
Small business hiring plans are at the lowest levels since May 2020, NFIB finds; Norfolk Southern agrees to $600 million settlement for East Palestine derailment; EPA issues tougher chemical plant emissions rule; European countries along North Sea form alliance to protect infrastructure.
Tue, 09 Apr 2024 - 01min
2673 - Eclipse boosts tourism along path
A muted day on Wall Street; consumers’ inflation expectations are stable; Biden Administration to provide more student loan relief.
Mon, 08 Apr 2024 - 01min
2672 - The solar eclipse economy is outshining Aprils past
A slow period for tourism has gotten an eclipse boost; salvage crews begin removing containers off ship that crashed into Baltimore bridge; Biden administration is canceling accrued interest on student loan debt; Commerce Department to provide $6.6 billion to TSMC to build chip manufacturing hub in Phoenix.
Mon, 08 Apr 2024 - 01min
2671 - Economy adds 303,000 jobs in March
Stocks close higher; average pay continues to outpace inflation; unemployment rate ticks down; consumer credit rises.
Fri, 05 Apr 2024 - 01min
2670 - The economy added a lot more new jobs than expected last month
Private and public employers added 303,000 jobs in March; average wages increased 0.3% between February and March; engineers expect to increase vessel access to Baltimore’s port by the end of the month; Yellen, in China visit, points to manufacturing overcapacity.
Fri, 05 Apr 2024 - 01min
2669 - Imports, exports rise in February
Stocks fall; imports of consumer goods, food and vehicles increase; Cleveland Fed president wants to see a couple more months of data; unemployment claims rise.
Thu, 04 Apr 2024 - 01min
2668 - Disney’s streaming service to crack down on password sharing
Disney CEO says password crackdown coming in June; Boeing pays Alaska Airlines $160 million for Max problems; Kiss sells catalog to virtual concert creator; initial jobless claims rise to two-month high, but are still historically low.
Thu, 04 Apr 2024 - 01min
2667 - Private sector adds 184,000 jobs in March
Stocks close mixed; leisure and hospitality sector adds most jobs; service sector expands at slower pace; Powell says the Fed remains on track for rate cuts.
Wed, 03 Apr 2024 - 01min
2666 - What high interest rates, say car shoppers?
U.S. car sales soar in Q1; Tesla sales plummet; Disney shareholders to vote on proxy battle; Intel’s production unit loses $7 billion.
Wed, 03 Apr 2024 - 01min
2665 - Job openings unchanged in February
Stocks fall; job openings down from peak two years ago; GM sales fall; factory orders rise.
Tue, 02 Apr 2024 - 01min
2664 - General Electric ends its run as an industrial conglomerate
GE completes yearslong breakup as final two divisions trade as separate companies; job openings remain elevated at 8.8 million; millions could lose broadband internet subsides unless Congress acts; officials working to open second temporary channel in and out of Baltimore’s port.
Tue, 02 Apr 2024 - 01min
2663 - Manufacturing sector expands in March
Stocks close mixed; manufacturers lose jobs as output expands; construction spending ticks down; labor market reports due this week.
Mon, 01 Apr 2024 - 01min
2662 - Coast Guard to open alternate channel into Baltimore’s port
The temporary channel will be open to some vessels; Texas judge blocks Biden administration’s efforts to expand fair lending rules; UPS to become USPS’s primary air shipper; Nippon Steel says U.S. Steel purchase would be beneficial.
Mon, 01 Apr 2024 - 01min
2661 - Inflation continues to cool down
Stocks close mixed; year-over-year inflation steadily ticking down; Fed chair Jay Powell says data in line with Fed’s expectations; consumer spending rises.
Fri, 29 Mar 2024 - 01min
2660 - A closely watched inflation index rises
Core PCE rises 0.3% in February; wholesale and retail inventories grow; the U.S. trade deficit expands; feds send first emergency funds for Baltimore bridge.
Fri, 29 Mar 2024 - 01min
2659 - Consumer sentiment rises in March
Stocks close mixed; people less anxious about inflation; pending home sales rise; initial unemployment claims fall.
Thu, 28 Mar 2024 - 01min
2658 - GDP revised up for the fourth quarter
GDP was higher in the fourth quarter than previous estimates; consumer sentiment holds steady; insurance claims from Baltimore’s bridge collapse could near $4 billion; Home Depot courts more professional builders.
Thu, 28 Mar 2024 - 01min
2657 - Transportation Secretary says rebuilding effort will not be quick
Stocks rise; Secretary Buttigieg says government is starting the process of releasing funding for Maryland; Fitch warns about bank multifamily loan exposure; Japanese yen falls.
Wed, 27 Mar 2024 - 01min
2656 - The Baltimore bridge collapse will affect some sectors more than others
Authorities have recovered the black box from the container ship that crashed into a Baltimore bridge; some automakers say they are being impacted; Trump Media shares soar in market debut; Disney adds Hulu content for Disney+ subscribers.
Wed, 27 Mar 2024 - 01min
2655 - Supply chains start to readjust after Baltimore bridge collapse
Stocks fall; supply chains scrambling to absorb capacity after Baltimore port shuts down vessel traffic; home prices fall in January; durable goods orders rise.
Tue, 26 Mar 2024 - 01min
2654 - U.S. consumer remains downcast about the short-term economic outlook
Consumer confidence was essentially unchanged in March, with consumers still worried about higher inflation in the months ahead; container ship destroys Baltimore bridge; home prices rise 6% in January; Trump Media and Technology Group debuts on Nasdaq, shares soar.
Tue, 26 Mar 2024 - 01min
2653 - Energy Department funds industrial decarbonization effort
Stocks fall; Energy Department funding targeted at industries that are hard to decarbonize; new home sales fall in February; Boeing CEO to step down.
Mon, 25 Mar 2024 - 01min
2652 - Biden administration is investing $6 billion to reduce carbon emissions in manufacturing
The Energy Department says the largest-ever such investment will target heavily-polluting industries, such as steel and cement manufacturing; Boeing CEO to step down by end of year; New home sales dip 0.3 percent in February as existing home sales soar; EU launches new investigations of Meta, Apple, Google.
Mon, 25 Mar 2024 - 01min
2651 - House passes $1.2T spending bill
Stocks close mixed; bill heads to Senate ahead of deadline; Chrysler lays off 400 workers; State Farm not renewing 72,000 California policies.
Fri, 22 Mar 2024 - 01min
2650 - House bill would require labeling of AI-generated content
The bipartisan bill would require AI tools and online platforms to identify “deepfakes”; Treasury yield curve is inverted for longest period ever, Deutsche Bank says; European Union considering tariffs on Russian grain; climate change will inflate food prices, study finds.
Fri, 22 Mar 2024 - 01min
2649 - DOJ sues Apple for monopolizing smartphone market
Stocks rise; DOJ argues Apple’s dominance is anticompetitive; existing home sales rise; Leading Economic Indicators index increases.
Thu, 21 Mar 2024 - 01min
2648 - More public service workers get student loan debt relief
The Biden administration canceled debt for nearly 80,000 borrowers; CBO projects less federal debt thanks to immigration, spending restrictions; initial unemployment claims hover around 210,000 for fourth week; existing home sales unexpectedly jump 9.5%.
Thu, 21 Mar 2024 - 01min
2647 - Fed holds interest rates steady
Stocks rise; Powell still looking for more good data before cutting rates; Powell says inflation is still coming down overall; Biden Administration grants $8.5B to Intel for semiconductor manufacturing.
Wed, 20 Mar 2024 - 01min
2646 - U.S. to provide $8.5 billion for Intel chip plants
The money will invest in chip manufacturing in Arizona, Ohio, New Mexico and Oregon; France fines Google $270 million over negotiations with news publishers; Southwest reaches third tentative labor deal with flight attendants’ union; Boeing delays cash goals as it works to fix safety problems.
Wed, 20 Mar 2024 - 01min
2645 - Housing starts jump in February
Stocks rise; single family home construction is booming; Unilever exiting ice cream business; Federal Reserve will announce latest interest rate decision on Wednesday.
Tue, 19 Mar 2024 - 01min
2644 - Congressional leaders announce government funding deal
The deal needs to be approved before a weekend shutdown deadline; European Union proposal would use profits from frozen Russian assets to help Ukraine; Wall Street bonuses averaged $177,000 last year, New York state says; Unilever to spin off ice cream business which includes Magnum, Ben & Jerry’s.
Tue, 19 Mar 2024 - 01min
2643 - Home builder confidence increases
Stocks rise; builder survey says demand for homes is up; mortgage application rates rise; credit rejection rates fall.
Mon, 18 Mar 2024 - 01min
2642 - AstraZeneca to cap out-of-pocket costs for inhalers
The cap of $35 takes effect June 1st; Super Micro Computer joins S&P 500 index; United Airlines reviewing safety after spate of incidents; Fitch says pharmacies, healthcare providers could take credit hit following UnitedHealth cyberattack.
Mon, 18 Mar 2024 - 01min
2641 - NAR agrees to change rules on agent commissions
Stocks fall; rule change will affect real estate agent commissions; import price inflation slows in February; consumer sentiment unchanged.
Fri, 15 Mar 2024 - 01min
2640 - Wall Street opens lower
Stocks have bounced around this week as traders reacted to mixed economic news; the Energy Department plans to loan more than $2 billion to a Canadian mining company; Honda and Nissan consider joining forces to develop electric vehicles; Adobe shares tumble when its predictions for second quarter earnings come in lower than expected.
Fri, 15 Mar 2024 - 01min