Today: October 05, 2024
Today: October 05, 2024

Latest From Lucia Mutikani

Economy

US job openings, quits near three-year low as labor market eases

U.S. job openings fell to nearly a three-year low in November as the labor market gradually cools, which could pave the way for the Federal Reserve to start

US job openings, quits near three-year low as labor market eases
Economy

US labor market resilience keeps economy afloat as year ends

The number of Americans filing new claims for unemployment benefits rose marginally last week, the latest suggestion that the economy was regaining some

US labor market resilience keeps economy afloat as year ends
Economy

US inflation decelerating in boost to economy

U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting financial market

US inflation decelerating in boost to economy
Economy

US single-family housing starts scale more than 1-1/2-year high

U.S. single-family homebuilding surged to more than a 1-1/2-year high in November and could gain further momentum, with declining mortgage rates and incentives

US single-family housing starts scale more than 1-1/2-year high
Economy

US manufacturing output increases in November, underlying trend soft

Production at U.S. factories rose in November, lifted by a rebound in motor vehicle output following the end of strikes, but activity was weaker elsewhere as

US manufacturing output increases in November, underlying trend soft
Economy

US economy still resilient as retail sales beat expectations, layoffs stay low

U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting, likely keeping the economy on a

US economy still resilient as retail sales beat expectations, layoffs stay low
Economy

Solid US job growth, drop in unemployment rate underscore labor market resilience

U.S. job growth accelerated in November while the unemployment rate fell to 3.7%, signs of underlying labor market strength that suggested financial market

Solid US job growth, drop in unemployment rate underscore labor market resilience
Economy

US labor market steadily slowing; wholesale inventories revised down

The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing

US labor market steadily slowing; wholesale inventories revised down
Economy

Weak US third-quarter unit labor costs point to slowing inflation

U.S. unit labor costs were much weaker than initially thought in the third quarter amid robust worker productivity, providing a boost to the Federal Reserve's

Weak US third-quarter unit labor costs point to slowing inflation
Economy

US manufacturing mired in weakness, economy heading for slowdown

U.S. manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the

US manufacturing mired in weakness, economy heading for slowdown
Economy

US consumer confidence rebounds, house prices maintain upward trend

U.S. consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses

US consumer confidence rebounds, house prices maintain upward trend
Economy

Higher mortgage rates weigh on US new home sales in October

Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the

Higher mortgage rates weigh on US new home sales in October
Economy

U.S. business activity steady in November - S&P Global survey

U.S. business activity held steady in November, but employment in the private sector declined for the first time in almost three-and-a-half years, consistent

U.S. business activity steady in November - S&P Global survey
Economy

US weekly jobless claims fall; business spending on equipment easing

The number of Americans filing new claims for unemployment benefits fell more than expected last week, but that likely does not change the view that the labor

US weekly jobless claims fall; business spending on equipment easing
Economy

US existing home sales slump to more than 13-year low, prices accelerate

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove

US existing home sales slump to more than 13-year low, prices accelerate
Economy

US housing starts rise moderately; tight supply supporting new construction

U.S. single-family homebuilding increased marginally in October and activity could remain moderate in the near term amid higher mortgage rates, which sent

US housing starts rise moderately; tight supply supporting new construction
Economy

US labor market loosening as weekly jobless claims hit three-month high

The number of Americans filing new claims for unemployment benefits increased to a three-month high last week, suggesting that the labor market was gradually

US labor market loosening as weekly jobless claims hit three-month high
Economy

US economy cools as retail sales dip, monthly producer prices decline

U.S. retail sales fell for the first time in seven months in October as motor vehicle purchases and spending on hobbies dropped, pointing to slowing demand at

US economy cools as retail sales dip, monthly producer prices decline
Economy

Slowing US inflation boosts hopes Fed done with rate hikes

U.S. consumer prices were unchanged in October as Americans paid less for gasoline, and the annual rise in underlying inflation was the smallest in two years,

Slowing US inflation boosts hopes Fed done with rate hikes
Economy

US labor market loosens as job gains slow, unemployment rate hits 3.9%

U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing

US labor market loosens as job gains slow, unemployment rate hits 3.9%
Economy

U.S. manufacturing sector slumps in October-ISM

U.S. manufacturing contracted sharply in October after showing signs of improvement in prior months as new orders and employment slumped, likely reflecting

U.S. manufacturing sector slumps in October-ISM
Economy

US job openings stay elevated, layoffs at nine-month low

U.S. job openings increased in September, pointing to persistent labor market tightness that is supporting the economy and likely to see the Federal Reserve

US job openings stay elevated, layoffs at  nine-month low
Economy

Auto strikes to reduce US payrolls count in October -government report

Strikes by members of the United Auto Workers (UAW) union including against Detroit's Big Three car manufacturers could subtract at least 29,000 jobs from U.S.

Auto strikes to reduce US payrolls count in October -government report
Economy

US consumer spending exits third quarter on strong note; monthly core inflation rises

U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading

US consumer spending exits third quarter on strong note; monthly core inflation rises
Economy

US new home sales scale 19-month high as median price drops

Sales of new U.S. single-family homes surged to a 19-month high in September as the annual median house price dropped by the most since 2009 amid discounts

US new home sales scale 19-month high as median price drops

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