Homebuilder sentiment ticks up slightly, as housing shortage intensifies
Workers install roof trusses on a home under construction in Vineyard, Utah, U.S., on Tuesday, March 12, 2019. George Frey | Bloomberg | Getty Images The nation’s homebuilders should be ecstatic, given the supply of existing homes for sales and...
Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump
Amazon’s Prime Day is fueling other retailers’ online sales, an early reading shows. On Monday, the first day of Amazon’s 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in...
Trade war to drag on as Trump says long way to go and China strikes hard-line tone
The U.S. and China have restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all. President Donald Trump said Tuesday that there’s still a long way to go...
US industrial production was unchanged in June
Workers prepare an order of aluminum materials for shipping at the Eastern Metal Supply facility in Lake Worth, Florida. Mark Elias | Bloomberg | Getty Images U.S. industrial production was flat in June, as a slump in utilities was offset...
More middle-class families say the ‘American dream’ is out of reach: Study
Blueflames | Getty Images The average family doesn’t feel as good today as yesterday. Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group. Although...
US import prices post the biggest drop in 6 months
U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods, suggesting imported inflation remained subdued. The Labor Department said on Tuesday import prices dropped 0.9% last...
US retail sales beat expectations in June
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. The Commerce Department said on Tuesday retail sales rose 0.4%...
Jamie Dimon raves about the strength of the US consumer
Jamie Dimon David Paul Morris | Bloomberg | Getty Images J.P. Morgan chief Jamie Dimon on Tuesday praised the strength of the U.S. consumer following the largest U.S. bank’s strong quarterly earnings report. “We continue to see positive momentum with the...
Former Wells Fargo CEO: ‘This is the time’ for bank acquisitions
The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration,...
Half of the companies that have reported earnings so far say the strong dollar is hurting them
Bay Ismoyo | AFP | Getty Images The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits....
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Trading education
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