2731 - Mercedes-Benz workers reject unionization
Stocks close mixed; UAW’s unionization efforts have been mixed; Conference Board points to weak consumer outlooks, factory orders; index of current economy improved in April.
Fri, 17 May 2024 - 01min
2730 - Leading economic indicators fall for the second straight month
The Conference Board’s forward-looking index falls; Reddit reaches a deal with OpenAI; China puts out a housing market rescue plan; Chevy Bolt owners are in line for settlement money.
Fri, 17 May 2024 - 01min
2729 - Import prices pick up in April
Stocks fall; monthly increase biggest since March 2022; housing starts rise; initial jobless claims fall.
Thu, 16 May 2024 - 01min
2728 - Housing starts rebound in April
Housing starts rise; manufacturing output falls; initial jobless claims decline; Netflix buys the rights to Christmas Day NFL games.
Thu, 16 May 2024 - 01min
2727 - Core inflation cools to three-year low
Stocks rise; inflation remains above Federal Reserve’s target; retail sales flat in April; homebuilder sentiment declines.
Wed, 15 May 2024 - 01min
2726 - Inflation moderated slightly in April
Consumer prices rose at an annual rate of 3.4%, a small decrease from March; retail sales were flat in April, as bargain-hunting shoppers held back; Justice Department says Boeing has breached deferred prosecution agreement; IEA trims global oil demand growth forecast.
Wed, 15 May 2024 - 01min
2725 - Producer prices rise in April
Stocks rise; services prices push up Producer Price Index; Biden Administration announces new tariffs on certain Chinese imports; new tariffs could put pressure on prices.
Tue, 14 May 2024 - 01min
2724 - Inflation at the wholesale level picked up steam
The producer price index rose 0.5% in April; Stellantis forms joint venture with China’s Leapmotor; U.S. regulators launch probe of Waymo vehicles; Home Depot sales fall.
Tue, 14 May 2024 - 01min
2723 - Consumer inflation expectations pick up in April
Stocks close mixed; people’s spending and income expectations pick up; Kraft Heinz reportedly thinking about selling off Oscar Meyer; inflation data due this week.
Mon, 13 May 2024 - 01min
2722 - Uber, Lyft face civil trial over worker classifications
Massachusetts is suing asking for workers to be classified as employees; Johnson & Johnson selling off remaining stake in consumer business; TV ‘upfronts’ begin to lure advertisers; Mercedes-Benz workers in Alabama begin unionization vote.
Mon, 13 May 2024 - 01min
2721 - Consumer sentiment declines in May
Stocks close mixed; consumers worried that unemployment could rise; Biden Administration reportedly planning EV tariffs; Ford reportedly cuts back on battery orders.
Fri, 10 May 2024 - 01min
2720 - Fed officials say interest rate cuts are still possible this year
A number of officials said rate cuts are possible, even as uncertainty remains over timing; investors poured money into global equities amid easing rate cut concerns; Target to limit some Pride displays after backlash.
Fri, 10 May 2024 - 01min
2719 - Mortgage rates tick down
Stocks rise; 30-year mortgage rates fall for first time since late March; bond yields have been falling this month; initial unemployment claims rise.
Thu, 09 May 2024 - 01min
2718 - Unemployment claims jump more than expected
The Labor Department reported today that 231,000 people filed new claims for jobless benefits in the week ending May 4; TikTok says it will start automatically labeling AI generated content when it’s uploaded from other platforms; backlash develops against a new Apple ad; GM will stop manufacturing the Chevy Malibu.
Thu, 09 May 2024 - 01min
2717 - Wholesale inventories tick down
Stocks close mixed; inventories higher than this time last year; rent growth outpaced wage growth since 2019; Uber, Lyft bookings rise.
Wed, 08 May 2024 - 01min
2716 - Uber underdelivers
Uber loses $654 million in the first quarter; Reuters reports the Justice Department is looking into whether Tesla committed wire and securities fraud; independent law firm says big changes needed at the FDIC to address widespread allegations of sexual harassment and discrimination; FTX reorganization plan that would give small investors all their money back.
Wed, 08 May 2024 - 01min
2715 - Logistics sector slows in April
Stocks close mixed; inventory levels growing at a slower pace; consumer credit rises; TikTok sues over ban-or-sale law.
Tue, 07 May 2024 - 01min
2714 - A mixed bag from Disney
Disney lost money on streaming but, if ESPN were stripped out, Disney+ and Hulu made a profit; BP’s latest quarterly earnings are down from the previous quarter; Social Security and Medicare will run out of money in about a decade; Uber and Instacart join forces.
Tue, 07 May 2024 - 01min
2713 - Job satisfaction shows signs of slipping
Stocks rise; survey shows individual aspects of job satisfaction falling; consumers have finally spent their excess pandemic savings; Tyson profits rise.
Mon, 06 May 2024 - 01min
2712 - Red Sea shipping disruptions getting worse, Maersk says
Maersk is forecasting industry-wide capacity reduction of up to 20% for cargo shipping between Asia and Europe; Global growth in gasoline consumption is likely to slow, consulting group says; EU clears Nippon Steel’s buyout of U.S. Steel; Berkshire Hathaway trims stock holdings.
Mon, 06 May 2024 - 01min
2711 - Job gains slow down in April
Stocks rise; total number of new jobs smallest since October; wage gains slow down; services sector contracts.
Fri, 03 May 2024 - 01min
2710 - A Goldilocks jobs report
The Labor Department reports 175,000 jobs were created last month, fewer than expected: wage growth was also lower; stocks rise on the news; Treasury Secretary Janet Yellen says democracy is under threat.
Fri, 03 May 2024 - 01min
2709 - Productivity increases at slower pace
Stocks rise; compensation outpaces productivity; slowdown could push prices higher; imports fall.
Thu, 02 May 2024 - 01min
2708 - Stocks open higher
Relief on Wall Street when Fed Chair Jerome Powell says a hike in interest rates is unlikely; Labor Department data points to continuing tightness in the labor market; Peloton lays off about 15% of its workforce.
Thu, 02 May 2024 - 01min
2707 - Federal Reserve keeps interest rates unchanged
Stocks close mixed; Powell says Fed prepared to keep rates unchanged for as long as it needs to; job openings hold steady; manufacturing sector contracts.
Wed, 01 May 2024 - 01min
2706 - Job openings remain at an elevated 8.5 million
Job openings and quits changed little month over month; Fed expected to leave interest rates unchanged in anticipated announcement today; CVS Health quarterly profit halved due to Medicare Advantage costs; Amazon profits soar with more cloud computing, ad revenues.
Wed, 01 May 2024 - 01min
2705 - Pay increases speed up in the first quarter
Stocks fall; wage increases could be putting pressure on prices; consumer confidence declines; home prices rise.
Tue, 30 Apr 2024 - 01min
2704 - Employment costs, home prices increase at faster pace
The Employment Cost Index advanced 1.2% in Q1; the Case-Shiller home price index advanced 6.4%; consumer confidence is at lowest levels in two years; Walmart exits health clinic business.
Tue, 30 Apr 2024 - 01min
2703 - FCC fines wireless carriers over location sharing
Stocks close higher; FCC says location information was shared illegally; several labor market reports due this week; Federal Reserve’s Open Market Committee meets on Tuesday and Wednesday.
Mon, 29 Apr 2024 - 01min
2702 - Congress has a deal on new air travel safety measures and consumer protections
House and Senate negotiators have agreed to a sweeping bill to reauthorize the Federal Aviation Administration; Supreme Court turns back Musk’s challenge of Tesla settlement with SEC; McDonald’s, other restaurant chains set to report earnings.
Mon, 29 Apr 2024 - 01min
2701 - Inflation picks up in March
Stocks close higher; services prices drive 12-month increases; consumer spending up in March; consumer sentiment flat so far this year.
Fri, 26 Apr 2024 - 01min
2700 - Inflation accelerated in March
The Fed’s preferred inflation gauge advanced 2.7% on an annual basis; Fed policymakers expected to leave interest rates unchanged next week; Global oil giants report lower profits; Capital One profits jump thanks to more interest income.
Fri, 26 Apr 2024 - 01min
2699 - Economy slows while inflation persists
Stocks fall; consumer spending slows from prior quarter; inflation nearly doubles fourth quarter pace; pending home sales rise.
Thu, 25 Apr 2024 - 01min
2698 - U.S. economic growth slowed in the first three months of 2023
GDP grew by a lower than expected 1.6%; Initial jobless claims fell to 207,000 last week; Pending home sales rose 3.4% in March; Meta spending on AI triggers selloff in shares.
Thu, 25 Apr 2024 - 01min
2697 - Boeing revenue falls
Stocks close mixed; Boeing slows production of 737 MAX planes; mortgage rates at highest level since November; durable goods orders rise.
Wed, 24 Apr 2024 - 01min
2696 - TikTok divest-or-ban requirement is nearly law
Congress passed the measure, and Biden has vowed to sign it; Tesla profit falls in Q1; Boeing reports $355 million quarterly loss; Norfolk Southern report meager profit after train derailment settlement; Visa revenues beat forecasts as consumers spent; Labor Department increases overtime eligibility.
Wed, 24 Apr 2024 - 01min
2695 - FTC bans noncompete clauses
Stocks rise; FTC says noncompete clauses suppress wages and innovation; business activity expands at a slower pace; new home sales rise.
Tue, 23 Apr 2024 - 01min
2694 - A lot of Americans may have had their health data stolen
UnitedHealth Group is reporting a potentially major hack; GM Q1 revenues rise 7.6%; PepsiCo sales rise 2% amid more price hikes; Tesla investors await details on future plans.
Tue, 23 Apr 2024 - 01min
2693 - Business leaders say profit margins rise
Stocks rise; input cost pressure eases, boosting profits; Verizon revenue ticks up; major tech companies report earnings this week.
Mon, 22 Apr 2024 - 01min
2692 - Biden administration distributes $7 billion for solar power access
The money is aimed at low-income and disadvantaged communities, the White House said; Senate to take up Ukraine, Israel aid bill; Boeing, PepsiCo, General Motors and other big names to release quarterly earnings this week; UBS predicts slowing earnings growth at Big Tech companies.
Mon, 22 Apr 2024 - 01min
2691 - Fed leaders echo calls for caution
Stocks close mixed; Chicago Fed president says inflation progress has stalled; American Express profits rise; Netflix to stop reporting quarterly membership numbers.
Fri, 19 Apr 2024 - 01min
2690 - EPA designates forever chemicals as hazardous
The designation applies to chemicals long used in consumer goods; Israel’s credit rating gets a downgrade from S&P; France requires shrinkflation warnings; American Express profits jump on more consumer spending.
Fri, 19 Apr 2024 - 01min
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