News
Stocks close higher, reversing sharp losses after oil prices fall
1+ hour, 49+ min ago (355+ words) (NEW YORK) " Stocks closed higher on Monday, recovering from sharp losses earlier in the day as markets whipsawed in response to developments in the U.S.-Israeli'war'with Iran. The dramatic reversal on Wall Street came after U.S.'oil prices'turned lower on Monday afternoon....
Jobs report shows US unexpectedly lost jobs in February
3+ day, 8+ hour ago (489+ words) (NEW YORK) " The U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well…...
Stocks slide after Iran attack
1+ week, 5+ hour ago (477+ words) (NEW YORK) " Stocks slid on Monday morning in the first trading session after the U.S.-Israeli'attack'on Iran over the weekend. The Dow Jones Industrial Average fell 280 points, or 0.5%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.5%. The strikes early Saturday…...
Inflation cooled in January, dropping to lowest level in 9 months
3+ week, 2+ day ago (468+ words) (NEW YORK) " nflation cooled in January, dropping price increases to their lowest level in nine months,new datafrom the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs. Prices rose 2.4% in January…...
Consumer sentiment brightens, defying economists’ expectations
1+ mon, 3+ day ago (350+ words) (NEW YORK) " Consumer sentiment ticked higher in February for the second consecutive month as'inflation'fears appeared to ease, though shopper attitudes remained well below levels registered a year ago,'University of Michigan'data on Friday showed. The reading exceeded economists" expectations At…...
These are the states where incomes grew the most, least in recent decades
1+ mon, 1+ week ago (335+ words) Household incomes have grown in nearly every state over the past 50 years, but a new study concludes that growth has been uneven across the country. An analysis'of U.S. Census Bureau data, released Tuesday from the Urban Institute's Center for Local Finance…...
Federal Reserve holds interest rates steady
1+ mon, 1+ week ago (575+ words) (NEW YORK) " The Federal Reserve held interest rates steady on Wednesday, ending a string of three consecutive quarter-point rate cuts as the central bank grapples with a combination of elevated inflation and sluggish hiring. The move marked the first interest-rate…...
Federal Reserve expected to hold interest rates steady, defying Trump
1+ mon, 1+ week ago (530+ words) (NEW YORK) " The Federal Reserve on Wednesday is set to announce its latest decision on the level of interest rates, marking its first rate move since news surfaced of a federal criminal investigation into Fed Chair Jerome Powell. The investigation…...
Federal Reserve expected to hold interest rates steady
1+ mon, 1+ week ago (516+ words) (NEW YORK) " The Federal Reserve on Wednesday is set to announce its latest decision on the level of'interest rates, marking its first rate move since news surfaced of a federal'criminal investigation'into Fed Chair Jerome Powell. The investigation ratcheted up an…...
Trade tensions are whipsawing US mortgage rates. What happens next?
1+ mon, 1+ week ago (800+ words) (NEW YORK) " Mortgage rates whipsawed in recent weeks as markets reacted to a flurry of policies from the Trump administration. It began with a major milestone. Mortgage rates earlier this month fell below 6% for the first time in nearly three…...