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

Latest From Lucia Mutikani

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
Economy|News

US producer price data points to subsiding inflation pressures

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal

US producer price data points to subsiding inflation pressures
Economy|News

US labor market losing steam as unemployment rate climbs to 4.1%

U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters of the payrolls gain and the unemployment

US labor market losing steam as unemployment rate climbs to 4.1%
Economy|News

US weekly jobless claims rise as labor market gradually slows

First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high

US weekly jobless claims rise as labor market gradually slows
Economy|News

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|News

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
Economy|News

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|News

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

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
Economy|News

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
Economy|News

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
Economy|News

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|News

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
Economy|News

US weekly jobless claims fall further as labor market remains strong

The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to

US weekly jobless claims fall further as labor market remains strong
Economy|News

US home sales post second straight monthly drop; house prices accelerate

U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market.

US home sales post second straight monthly drop; house prices accelerate
Economy|News

US consumer inflation resumes downward trend as domestic demand cools

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost

US consumer inflation resumes downward trend as domestic demand cools
Economy|News

US weekly jobless claims highest in more than eight months as labor market eases

The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that

US weekly jobless claims highest in more than eight months as labor market eases
Economy|News

US job gains fewest in six months as labor market cools

U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is

US job gains fewest in six months as labor market cools
Economy|News

US job openings slide to three-year low as demand for labor gradually eases

U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over

US job openings slide to three-year low as demand for labor gradually eases
Economy|News

Growth in US labor costs accelerates in first quarter

U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that

Growth in US labor costs accelerates in first quarter
Business|Economy|News

US inflation increases moderately; consumer spending boosts Q2 outlook

U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates

US inflation increases moderately; consumer spending boosts Q2 outlook
Economy|News

Imports hold back US economy in first quarter, inflation flares up

The U.S. economy grew at its slowest pace in nearly two years in the first quarter amid a surge in imports and small build-up of unsold goods at businesses,

Imports hold back US economy in first quarter, inflation flares up
Economy|News

Tepid US core capital goods orders point to weak business equipment spending

New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business

Tepid US core capital goods orders point to weak business equipment spending
Business|Economy|News|World

US new home sales rebound to six-month high; rising mortgage rates a concern

Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously

US new home sales rebound to six-month high; rising mortgage rates a concern
Economy|News

US labor market stays resilient; housing regresses on higher mortgage rates

The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is

US labor market stays resilient; housing regresses on higher mortgage rates

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