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Today: March 28, 2025
Today: March 28, 2025
Lucia Mutikani

Lucia Mutikani

Staff Writer

Latest From Lucia Mutikani

Business|Economy|Finance|US

US core capital goods orders rise, inflation expectations improve

New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate

US core capital goods orders rise, inflation expectations improve
Business|Economy|Finance|US

US consumer confidence recovers; inflation worries persist

U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about

US consumer confidence recovers; inflation worries persist
Business|Economy|News

US labor market, housing data point to slowing economy

First-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest

US labor market, housing data point to slowing economy
Business|Economy|Finance|News|US

Record high prices, rising mortgage rates depress US home sales

U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from the

Record high prices, rising mortgage rates depress US home sales
Business|Economy|Finance|US

US consumer confidence retreats slightly; house prices remain elevated

U.S. consumer confidence eased in June amid worries about the economic outlook, but households remained upbeat about the labor market and expected inflation to

US consumer confidence retreats slightly; house prices remain elevated
Economy|Finance|News|US

US new home sales slump; supply at more than 16-year high

Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand, offering more evidence that the housing

US new home sales slump; supply at more than 16-year high
Business|Economy|News|US

US weekly jobless claims, equipment spending data point to slowing economy

First-time applications for U.S. unemployment benefits drifted lower last week, but the number of people on jobless rolls jumped to a 2-1/2 year high in mid-

US weekly jobless claims, equipment spending data point to slowing economy
Economy|Finance|US

US consumer prices unchanged in May; bolster rate cut expectations

U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too

US consumer prices unchanged in May; bolster rate cut expectations
Economy|Finance|News|US

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Business|Economy|Finance|News|US

US imported inflation subdued; consumer sentiment slides to seven-month low

U.S. import prices fell for the first time in five months in May amid lower prices for energy products, providing another boost to the domestic inflation

US imported inflation subdued; consumer sentiment slides to seven-month low
Business|Economy|Finance|News|US

US weekly jobless claims at 10-month high as labor market eases; inflation cooling

The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and

US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Business|Economy|Finance|US

US retail sales tepid in May; manufacturing production surges

U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lackluster in the

US retail sales tepid in May; manufacturing production surges
Business|Economy|News|US

US manufacturing extends slump; inflation pressures ebbing

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs

US manufacturing extends slump; inflation pressures ebbing
Business|Economy|News|US

US labor market steadily easing despite rise in job openings

U.S. job openings rose in May after posting outsized declines in the prior two months, but the trend remained consistent with an easing in labor market

US labor market steadily easing despite rise in job openings
Economy|Finance|News|US

Rising shelter, healthcare costs lift US consumer inflation in December

U.S. consumer prices increased more than expected in December, with Americans paying more for shelter and healthcare, suggesting it was probably too early for

Rising shelter, healthcare costs lift US consumer inflation in December
Economy|Finance|News|US

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
Business|Economy|Finance|US

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
Business|Economy|Finance|US

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|Finance|News|US

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
Business|Economy|Finance|US

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
Business|Economy|Finance|News|US

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
Business|Economy|Finance|US

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
Business|Economy|News|US

US weekly jobless claims rise marginally; productivity accelerates in Q3

The number of Americans filing new claims for unemployment benefits increased moderately last week as the labor market continued to show few signs of a

US weekly jobless claims rise marginally; productivity accelerates in Q3
Business|Economy|News|US

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
Business|Economy|US

US single-family starts rise; soaring mortgage rates a challenge

U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates

US single-family starts rise; soaring mortgage rates a challenge

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