Homebuyers sign fewer contracts in July, as high prices chill the summer market
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to...
Stock futures are flat as S&P 500 and Nasdaq sit at a record
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as...
Stocks making the biggest moves midday: Dell, Peloton, Workday and more
Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares...
Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere
American Peterbilt truck on trucking route Interstate 10 in Louisiana. Tim Graham | Getty Images Federal Reserve Chairman Jerome Powell’s conviction that the inflation winds whipping through the U.S. economy this year soon will subside is not universally shared. In...
Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a...
Fed’s Kaplan is worried about inflation and risk-taking, and wants to announce taper in September
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help...
Watch Fed Chair Powell deliver his key Jackson Hole economic speech live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the...
Key inflation gauge rises 3.6% from a year ago to tie biggest jump since the early 1990s
An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago, meeting Wall Street expectations but also tying the highest level in about 30 years. The core personal consumption expenditures price index, which...
Stocks making the biggest moves premarket: Big Lots, Hibbett Sports, Peloton, Gap and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share, 3...
The pressure is on for Powell and the Federal Reserve to manage the exit from ultra-easy policies
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters For the Federal Reserve, implementing the easiest...