Home builders say ‘housing recession shows no signs of abating’ as builder sentiment drops further
admin The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 3 points to…
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In rare sit-down, Nobel Prize–winning economist Peter Diamond sees ‘significant power shift from employers to workers’ underway
Peter Diamond, winner of the Nobel Prize in economics in 2010, has shied away from…
Read MoreGlobal oil benchmark falls back below $90 a barrel as recession fears, dollar strength take toll
Oil futures traded lower Monday, after a third straight losing week, as investors await a…
Read MoreWill the economy get worse? Consider raising your credit limit before it does.
Relying on a credit limit in a shaky economy is the equivalent of expecting a…
Read MoreFed to put a ‘firm foot on the brake pedal’ this week
The Federal Reserve is widely expected this week to raise its benchmark interest rate by…
Read MoreEmpire State, Philly Fed indexes show contractions in activity in September
The numbers: Two regional gauges of manufacturing sentiment moved into slight contraction territory in September,…
Read MoreU.S. retail sales rebound as Americans spend more at car dealers and restaurants
The numbers: Sales at U.S. retailers rose 0.3% in August as Americans spent more on…
Read MoreFirst major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’
Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession…
Read MoreU.S. known COVID cases hold at lowest level since May, but infections are rising again in New York
U.S. known cases of COVID are continuing to ease and now stand at their lowest…
Read MoreAny doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75…
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