US home sales rebound slightly in February U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
Dollar rises above 100 yen for 1st time in 4 years The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
Obama to open middle-class jobs, opportunity tour Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
Retailers report modest gains for April Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
US home building is surging, but job growth isn't The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
US labor market can affect 'people who are not even here' That the job market in Phoenix can affect a child's education in Mexico may strain credulity, but it's nevertheless true, according to a recent paper co-authored by Brian Cadena, a University of ... 04/27/2024 - 8:30 am | View Link
Is California still the world’s 5th-largest economy? Not that California becoming “the world’s sixth-largest economy” is a shabby status, if it happens. But the potential demotion should serve as a reminder that California is constantly pushed to ... 04/21/2024 - 8:00 am | View Link
No landing, no Fed rate cuts: the markets' new bet on 2024 Bank of America's closely tracked Global Fund Managers' Survey, published Wednesday, reflects that view. Around 36% of respondents see "no landing" for the U.S. economy, with expectations for solid ... 04/17/2024 - 2:32 am | View Link
How immigrant workers in US have helped boost job growth and stave off a recession Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, ... 04/11/2024 - 11:06 pm | View Link
Inflation report hammers Fed rate cut bets, sends stocks sharply lower Last week, the Labor Department said 303,000 new jobs were created over the month of March ... the new hires without a corresponding spike in wage gains. More Economic Analysis: Bond markets tell Fed ... 04/9/2024 - 1:00 pm | View Link
General Daily Insight for May 02, 2024
Inspiration could come to us today, but figuring out what to do with it might require actual effort. When the inquisitive Aquarius Moon squares brilliant Uranus and expansive Jupiter, big ideas may flow a mile a minute. However, slow-moving Pluto turns retrograde at 1:46 pm EDT, reminding us that change typically doesn’t happen overnight.