Home price gains slow down for the first time since May 2020
Daniel Acker | Bloomberg | Getty Images Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up. Home prices rose...
Here’s why unemployment claims hit their lowest level since 1969
Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their lowest point in more than 50 years the week before...
Ray Dalio says cash is not a safe place right now despite heightened market volatility
Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash is not a safe investment, is not a safe place...
Rolling back U.S.-China tariffs would ease inflation in the U.S., former Treasury secretary says
Eliminating tariffs imposed on goods during the worst of the trade war would help ease inflation in the U.S., former Treasury Secretary Jacob Lew told CNBC on Tuesday. But there’s currently “no political space” to do so, he said on...
Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman...
Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation
US President Joe Biden takes part in a roundtable with CEOs and leaders of major retailers, consumer products firms, and grocers to discuss the holiday shopping season in the EOP Library of the White House in Washington, DC on November...
Pending home sales rebounded sharply in October, despite rising mortgage rates
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Buyers came roaring back to the housing market in October, even as mortgage rates rose. Signed contracts on existing homes, so-called...
Stock futures move higher after Friday’s big sell-off, investors monitor omicron Covid variant
A trader on the floor of the New York Stock Exchange (NYSE), on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures moved higher in overnight trading Sunday following Friday’s big sell-off as investors monitor the...
Travel in 2022: Is it time to plan those big trips abroad?
Reynisfjara is a world-famous black-sand beach located on the south coast of Iceland. Luis Cagiao Photography | Moment | Getty Images Iceland has been a focal point of my wanderlust for the better part of two years. The country is...
The current inflation run is similar to other episodes in history, but with important differences
A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are choked off. Demand soars. Prices surge and everyone starts...