Jobless claims signal labor market strength, consumer confidence tumbles
The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labor market strength, with claims appearing to stabilize after drifting higher in recent months. Initial claims for state unemployment benefits dropped 1,000 to...
US tariffs will hit China harder next year, analysts say
The impact of Trump’s tariffs on China’s economy has mostly only been psychological so far in the ongoing trade war, analysts say. That’s may be set to change next year, potentially denting Chinese growth. “With the tariffs we haven’t seen...
Don’t panic: Here’s your bear market survival guide
Fears have become reality. The S&P 500 entered bear market territory Monday, dropping just more than 20 percent from its 52-week intraday high. The Dow Jones Industrial Average and the S&P 500 are now on track for their worst December...
Shutdown won’t stop key jobs report or CPI, but other data could be impacted
The partial government shutdown will have some impact on the release of market-moving economic data, though the biggest reports likely won’t be affected. Most prominently, the Bureau of Labor Statistics still plans on releasing the critical nonfarm payrolls report Jan....
US home price growth slowed in October
U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an...
Trump lashes out at Fed — again: ‘They’re raising interest rates too fast’
President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. “They’re raising interest rates...
Stocks may try to bounce but are heading for worst December ever
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in...
When Wall Street looks to Washington, it gets scared
It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse is that when financial markets are...
We are now in a bear market — here’s what that means
It’s helpful to know what a “bear market” is, because based on history it looks like we could be here for a while. The term on Wall Street is synonymous with serious, long-lasting declines in stock markets. In numeric terms,...
Look to the two remaining Fed board nominees for clues about Trump-Powell battle
While President Donald Trump has complained publicly about Federal Reserve Chair Jerome Powell, what he does with his pending nominations to fill two remaining vacancies on the board will tell whether he wants to escalate his fight with the Fed....
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