Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%
A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters WASHINGTON — The U.S. economy grew 2.1% in the fourth...
Deutsche Bank posts net loss of 5.3 billion euros for 2019 amid major restructuring
Deutsche Bank on Thursday posted a full-year net loss of 5.3 billion euros ($5.8 billion) amid a huge transformation project, the cost of which the German lender said is now 70% complete. Analysts had expected a 5.1 billion euro loss...
Fourth quarter GDP could show economy entered a slower growth patch at year-end
Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half...
Major US companies are warning about the potential impact of the coronavirus on earnings calls
A deadly spreading virus is now worrying some of the world’s biggest companies. The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan...
December pending home sales fall 4.9% as supply hits a record low
Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month. Sales were projected to rise 1% month to month. December is historically...
Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making...
Trump says the Fed should cut rates so the US can pay down its $23 trillion debt
President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. In a tweet Tuesday morning, the president said again that...
Home price gains continued to heat up in November, with Phoenix, Charlotte and Tampa leading the way, S&P Case-Shiller index says
Prospective buyers look at a home for sale in Denver, Colorado. Matthew Staver | Bloomberg | Getty Images After cooling for much of last year, home price gains are accelerating again. Nationally, prices increased 3.5% annually in November, up from...
Consumer confidence jumps as job-market outlook improves
Consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed. The Board’s consumer confidence index rose to 131.6 this month from 126.5 in...
US core capital goods orders post biggest drop in 8 months
Household appliances are offered for sale at Home Depot in Chicago. Getty Images New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the...
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