News
2025 home sales stuck at 30-year low with prices high and mortgages onerous
13+ hour, 31+ min ago (786+ words) The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market. Sales of previously occupied U.S. homes…...
Retail sales rose a better-than-expected 0.6% in November as the holiday season kicked into gear
16+ hour, 54+ min ago (657+ words) Retail sales rose a better-than-expected 0.6% in November, following a revised 0.1% decline October, according to the Commerce Department. The report on Wednesday was delayed more than a month because of the 43-day government shutdown. Retail sales rose 0.1% increase in September, but…...
Trump rattles Wall Street as he denies he’ll fire the Federal Reserve’s chair
5+ mon, 4+ week ago (856+ words) by: STAN CHOE, Associated Press The S&P 500 was up by 0.3% in late trading after whipping through an earlier drop and subsequent recovery. The Dow Jones Industrial Average was up 207 points, or 0.5%, with roughly an hour remaining in trading, and…...
US producer prices rise modest 2.6% in May with inflationary pressures still mild
7+ mon, 2+ day ago (353+ words) by: PAUL WISEMAN, Associated Press The Labor Department reported Thursday that its producer price index " which measures inflation before it its consumers " rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping 0.2% the month before. Excluding volatile food…...