News
US stocks edge lower as Wall Street waits for another signal on how long war with Iran may last
5+ hour, 20+ min ago (667+ words) The S&P 500 slipped 0.4% in morning trading, a day after its latest wild swing, this time'careening from a sharp early loss to a solid gain'by the end of trading. The Dow Jones Industrial Average was down 250 points, or 0.5%, as of…...
China's exports surge in Jan-Feb despite waning trade with the US
5+ hour, 14+ min ago (536+ words) The export figures released by China's customs agency on Tuesday were much better than economists had forecast. They far exceeded the6.6% annual pace of growthrecorded in December. Shipments to the U.S. fell 11% in January and February, narrowing from a 30% drop in December....
US lost a surprising 92,000 jobs last month and unemployment rate ticked higher to 4.4%
4+ day, 4+ hour ago (643+ words) Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000 new jobs in February. Revisions also cut 69,000 jobs from December and January payrolls. The surprisingly weak employment picture…...
Mortgage rates hit 6%
4+ day, 21+ hour ago (78+ words) (CNN)" Mortgage rates in the U.S. didn't stay below 6% for very long. Rates dipped to 5.98% last week but have crept back up to 6%, according to Freddie Mac. Last week was the first time rates had fallen below 6% since 2022. The jump comes…...
Wall Street holds steadier as oil prices stop surging, for now
6+ day, 5+ hour ago (724+ words) The S&P 500 rose 0.5% in morning trading following encouraging reports on the U.S. economy. The Dow Jones Industrial Average was up 180 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.9% higher. The relatively calm trading followed a scary start…...
Inflation hits 21-month high
2+ week, 3+ day ago (57+ words) (CNN)" Americans are feeling the pinch of inflation. New U.S. Commerce Department data shows inflation hit a 21 month high of 2.9%. Delayed data from December shows the personal consumption expenditures price index jumped .4% in December. Their spending rose just a 10th of a…...
Inflation rose more quickly than expected in December
2+ week, 4+ day ago (358+ words) Prices rose 0.4% in December from the previous month, up from 0.2% in November, the Commerce Department said Friday'in a report'that was delayed by the six-week government shutdown last fall. The monthly increase was the highest since last February. Compared with a…...
US stocks hold relatively steady after Supreme Court strikes down Trump's tariffs
2+ week, 4+ day ago (661+ words) The S&P 500 rose 0.3%. It had been flipping between small gains and losses earlier in the morning following discouraging reports showing'slowing growth for the U.S. economy'and'faster inflation. The Dow Jones Industrial Average was up 116 points, or 0.2%, as of 10:30 a.m. Eastern time, and…...
US trade deficit declined in 2025, but gap for goods hits a record despite Trump tariffs
2+ week, 5+ day ago (375+ words) Overall, the gap the between the goods and services the U.S. sells other countries and what it buys from them narrowed to just over $901 billion, from $904 billion in 2024, but it was still the third-highest on record, the Commerce Department reported Thursday....
Chocolate prices on the rise
3+ week, 3+ day ago (84+ words) (CNN)" Buying sweets for your sweetie will set you back quite a bit this year. Chocolate prices are up 14.4% this Valentine's Day season. That comes after they rose nearly 8% last year and ten-and-half percent in 2024. So what's going on? It's…...