Dow, S&P 500, Nasdaq have worst session since 2022
U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.
The July jobs report just triggered a reliable recession indicator
The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.
US job growth slows to 114K in July while unemployment unexpectedly jumps
The July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
Interest rate cuts are on the horizon, but high mortgage rates could be here to stay
The Federal Reserve signaled that a September rate cut is on the table, but would-be homebuyers are likely to continue facing mortgage rates above 6%.
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Federal Reserve policymakers on Wednesday voted to hold interest rates steady, keeping borrowing costs elevated for millions of households and businesses.
What could a Federal Reserve rate cut mean for your wallet?
The Federal Reserve is widely expected to cut interest rates this year, which could provide some reprieve for Americans crushed by steep borrowing costs.
Inflation measure closely watched by the Fed rises 2.5% in June
The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.
US economy grew faster than expected during the second quarter
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 2.8% annualized rate during the second quarter.
Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference
Sen. Lummis plans to make the announcement at the annual Bitcoin Conference in Nashville, Tennessee. Republican presidential candidate Donald Trump is scheduled to speak at the event.
Trump says he would allow Fed Chair Powell to finish his term if re-elected
Former President Donald Trump said in an interview with Bloomberg that he would allow Jerome Powell to finish his term as chair of the Federal Reserve.
Dow jumps 742 points, small caps celebrate USA trade
Investors are shifting their love from the tech-heavy Nasdaq Composite into small caps and the Dow 30 as the election picks up steam and the Federal Reserve moves closer to cutting interest rates.
Fed's Powell says officials won't wait until inflation reaches 2% to cut rates
Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% before they pivot to cutting interest rates.
Fed's Powell condemns Trump assassination attempt: A 'sad day for our country'
Federal Reserve Chair Jerome Powell said the attempted assassination of former President Donald Trump over the weekend was a "sad day" for the country.
Inflation unexpectedly falls to 3% in June
The Labor Department on Thursday released the closely watched June consumer price index report, revealing just how hot inflation was running last month.
Mortgage refinance falls again, despite homeowners sitting on $17T in equity
New data published by the Mortgage Bankers Association shows that U.S. homeowners are reluctant to refinance with mortgage rates still hovering around 7%.
Companies are going bankrupt at the fastest pace since 2020: A 'historic surge'
New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in one month since 2020.
Real estate tycoon explains when house prices will start to drop and 'open the floodgates'
Rising home supply and anticipated lower mortgage rates to come will "open the floodgates" for a real estate market "boom," says RE/MAX's chairman and co-founder.
Inflation expected to slow again in June, but high prices are still crushing Americans
The Labor Department will release the closely watched June consumer price index report Thursday, which is expected to show prices rose 3.1% last month.
Fed's Powell says more 'good' inflation data would bolster the case for rate cuts
Federal Reserve Chair Jerome Powell said Tuesday while testifying on Capitol Hill that recent inflation readings have shown "modest further" progress.
Labor market nearing pre-pandemic conditions, Fed report says
The Federal Reserve said in a report to Congress that the U.S. jobs market is back in a "tight but not overheated" situation that it was in prior to the onset of the COVID pandemic.