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

Lucia Mutikani

Staff Writer

Latest From Lucia Mutikani

Economy|Finance|News|US

Surging rents lift US consumer prices; underlying inflation grinding lower

U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported

Surging rents lift US consumer prices; underlying inflation grinding lower
Business|Economy|Finance|US

US services sector growth slows moderately

The U.S. services sector slowed in September as new orders fell to a nine-month low, but the pace remained consistent with expectations for solid economic

US services sector growth slows moderately
Business|Economy|US

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
Business|Economy|News|US

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|Finance|News|US

Monthly US consumer prices post first drop in four years as inflation subsides

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and

Monthly US consumer prices post first drop in four years as inflation subsides
Economy|Finance|US

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
Business|Economy|News|US

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
Business|Economy|News|US

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|News|US

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|Finance|News|US

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
Business|Economy|Finance|News|US

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|Finance|News|US

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
Business|Economy|Finance|US

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
Business|Economy|Finance|US

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
Business|Economy|Finance|News|US

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|Finance|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
Business|Economy|News|US

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%
Business|Economy|Finance|US

US producer inflation slows as pricing power diminishes

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing

US producer inflation slows as pricing power diminishes
Business|Economy|Finance|US

US annual consumer price increase slows to below 3% as inflation ebbs

U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door

Economy|Finance|News|US

Low US weekly jobless claims, upbeat retail sales dispel recession fears

The number of Americans filing new applications for unemployment benefits dropped to a one month-low last week, suggesting an orderly labor market slowdown

Business|Economy|US

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|US

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.

Business|Economy|Finance|US

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
Economy|News|US

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
Economy|Finance|US

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

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