Job openings unexpectedly surge to 11 million in December
The Labor Department reported on Wednesday that there were 11 million job openings at the end of January, a sign the labor market remains extremely tight.
Private sector job growth cools to 106,000 in January, lowest in 2 years: ADP
Private U.S. companies added just 106,000 new workers in January as weather-related issues, including severe flooding across California, disrupted hiring.
Fed set to slow interest rate hikes again as inflation cools
Evidence that inflation is slowing will likely allow the Fed to shrink the size of its interest rate increases at the end of its meeting on Wednesday.
US home prices slide in November for fifth straight month
The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in November as consumer demand evaporates.
Don't buy the stock market rally, Morgan Stanley warns: 'Another bear-market trap'
Investors are likely to be disappointed when the Fed hikes rates again this week, probably ending a surprisingly strong rally in the U.S. stock market.
Wall Street economist says recession in 2023 will look like biggest crisis of the 1970s
Piper Sandler chief global economist Nancy Lazar warns people are too focused on a recession that feels like 2008, when it's more similar to volatility in 1973-74.
Custodia Bank's Fed membership application denied by Federal Reserve Board
Custodia Bank's application for Federal Reserve System membership was declined, according to officials, due to concerns with cryptocurrency and safety risks.
Pending home sales increase for first time in 7 months in December
The housing market is beginning to recover from a recent low as mortgage rates fall from a record high, evidenced by an increase in pending home sales.
S&P’s SPY ETF, born from 1987 crash, hits monster status
SPY, the first listed exchange-traded fund, continues to earn its stripes 30 years after its debut, serving as a tool to access the S&P 500, the broadest measure of the stock market.
Inflation gauge closely watched by the Fed cooled in December, but prices remain high
Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.
When will US home prices finally stop dropping?
The U.S. housing market will likely bottom out by mid-year, according to Goldman Sachs economists, as mortgage rates continue to decline from a peak of 7%.
New home sales rise for third straight month as mortgage rates fall
December purchases of new homes rose 2.3% as mortgage rates began to normalize, offering hope the housing market is recovering from the Fed rate hikes.
US GDP grew at 2.9% pace in fourth quarter as economy cools
The fourth-quarter GDP report shows the U.S. economy finished the year on relatively strong footing, despite high inflation and rising interest rates.
Economy likely slowed but stayed solid to end the year
The markets will react on Thursday to the first reading on how the U.S. economy performed in the fourth quarter.
US housing market shows early signs of recovery as demand rises
Pending home sales climbed 3% in December, evidence the housing market is stirring back to life as mortgage rates continue to fall from a record high.
Many Americans believe inflation will get worse in 2023
Almost half of Americans expect high inflation will remain a concern in 2023 and many think prices for basic goods will continue to increase next year. Here’s how to cut down on high-interest debt.
‘Big Money Show’ co-hosts rip Biden on inflation: ‘He doesn’t go to the supermarket’
"The Big Money Show" co-hosts Brian Brenberg, Taylor Riggs and Jackie DeAngelis torch Biden's economic optimism as Americans still feel inflation "pain" across the board.
More US companies brace for job cuts amid likely recession, survey shows
More American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes.
Are tech layoffs the canary in the US jobs market?
The U.S. economy will probably see more job cuts in coming months after a wave of layoffs at Big Tech companies including Google, Microsoft and Twitter.
Federal Reserve investigating Goldman Sachs' consumer business
The Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.