The Fed could sound more worried about the virus and less ready to tighten policy
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 When the Fed emerges from its July...
Home prices broke records in May, according to S&P Case-Shiller
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, home prices...
Stocks making the biggest moves in the premarket: F5 Networks, UPS, Sirius XM and more
Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as...
Stock futures are flat ahead of Big Tech earnings
A trader works inside his post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the...
Housing boom is over as new home sales fall to pandemic low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single family homes...
Dow futures fall more than 200 points ahead of a huge week of Big Tech earnings
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures slipped after the major averages finished the previous session at record closing highs and ahead of a busy week of earnings reports...
The rapid growth the U.S. economy has seen is about to hit a wall
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected...
Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug. 2 to prevent the U.S. government from defaulting if lawmakers are unable to strike a deal to raise or extend...
Stocks making the biggest moves midday: Twitter, Snap, American Express and more
S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared 23.9% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares...
Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs
A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs...