Today: September 21, 2024
Today: September 21, 2024

Latest From Lucia Mutikani

Business|Economy|Finance|News

US weekly jobless claims at four-month low; housing market remains on the back foot

The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, pointing to solid job growth in September and

Business|Economy|News

US single-family homebuilding surges, rising supply a near-term constraint

U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be

US single-family homebuilding surges, rising supply a near-term constraint
Business|Economy|News

US economy on solid ground as retail sales surprise on the upside

U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships was more than offset by strength in online purchases, suggesting

US economy on solid ground as retail sales surprise on the upside
Business|Economy|Finance

US consumer sentiment climbs to four-month high; import prices drop

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household

US consumer sentiment climbs to four-month high; import prices drop
Business|Economy|News

US labor market holding steady; inflation trending lower

The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that layoffs remained low even as the

Economy|Finance

US inflation trending lower, but some stickiness remains

U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing

US inflation trending lower, but some stickiness remains
Economy|Finance|News

US labor market stays afloat as unemployment rate falls to 4.2%

U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested the labor market was not falling off the cliff to

US labor market stays afloat as unemployment rate falls to 4.2%
Americas|Business|Economy

US job openings hit 3-1/2-year low as labor market eases

U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough to

US job openings hit 3-1/2-year low as labor market eases
Economy|Finance

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Business|Economy|Finance|News

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more

US economy displays resilience with low layoffs, solid second-quarter growth
Economy|News

US consumer confidence scales six-month high, labor market angst rises

U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor

US consumer confidence scales six-month high, labor market angst rises
Business|Economy|Finance|News|Stock Markets

US business spending on equipment shows signs of cooling in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in

US business spending on equipment shows signs of cooling in July
Business|Economy|News

Hurricane Beryl likely had minor impact on US labor market in July

Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S.

Economy|Finance|News

Hurricane Beryl, excess inventory pressure US single-family homebuilding

U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an oversupply of new houses as higher mortgage

Business|Economy|News

Sharp slowdown in US job growth boosts unemployment rate to 4.3%

The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was

Sharp slowdown in US job growth boosts unemployment rate to 4.3%
Economy|News

US weekly jobless claims highest in nearly a year amid summer volatility

The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor

US weekly jobless claims highest in nearly a year amid summer volatility
Economy|News

Slowing wage gains restrain US labor costs in second quarter

U.S. labor costs increased moderately in the second quarter as private sector wages grew at the slowest pace in 3-1/2 years, more evidence that inflation was

Slowing wage gains restrain US labor costs in second quarter
Economy|News

US job openings fall marginally, consumers less upbeat on the labor market

U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to gradually slow and was not in

US job openings fall marginally, consumers less upbeat on the labor market
Economy|Finance|News

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|News

US economy regains speed in second quarter; price pressures easing

The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures

US economy regains speed in second quarter; price pressures easing
Economy|News

US goods trade deficit shrinks; new home sales extend decline

The U.S. trade deficit in goods narrowed in June for the first time this year amid a broad rebound in exports, but that probably was insufficient to prevent

US goods trade deficit shrinks; new home sales extend decline
Business|Economy|News

Record house prices depress US home sales in June

U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates

Record house prices depress US home sales in June
Economy|News

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that did not signal a material shift in

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims
Business|Economy|News

US single-family housing starts hit eight-month low; green shoots in manufacturing

U.S. single-family homebuilding fell to an eight-month low in June amid higher mortgage rates, suggesting the housing market was likely a drag on economic

US single-family housing starts hit eight-month low; green shoots in manufacturing
Business|Economy

US retail sales report showcases consumer, economic resilience

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience

US retail sales report showcases consumer, economic resilience

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