The Federal Reserve faces a tricky situation. The economy is doing pretty well, but there are some worrying signs. Inflation is going down, and unemployment is low, at 4. 2%. But here’s the twist: President Trump’s tariffs might make inflation go up and slow down growth. So, what’s the Fed to do? They’re likely to keep the key interest rate at 4. 4% for now. They’ll ...
Consumer spending took a hit in May, with retail sales dropping by 0. 9\%. This decline was worse than the predicted 0. 6\% decrease, according to seasonally adjusted figures. The slowdown was largely due to a drop in gas sales and growing economic uncertainty. This dip followed a modest 0. 1\% decrease in April, adding to the overall unease caused by tariffs and geo...
In April, the housing market took a hit. Sales of existing homes slowed down to a pace not seen since 2009. This drop happened despite a growing number of jobs in the economy. The slowdown is due to high interest rates and a lack of confidence among buyers. The National Association of Realtors reported that sales fell slightly from March to April. This drop was unexp...
Wednesday's trading session saw a slight uptick in stock prices, driven mainly by the tech industry. This rise comes as investors are hopeful about extending the market's recent recovery. The S&P 500 and Nasdaq Composite saw gains of 0. 2% and 0. 7%, respectively. Meanwhile, the Dow Jones Industrial Average experienced a minor dip of 0. 1%. This week has been positiv...
The latest numbers are in, and it looks like people in the U. S. had a bit more cash to spend in March 2025. Personal income saw a boost of $116. 8 billion, which is about a 0. 5% increase from the previous month. This means that after taxes, folks had around $102. 0 billion more to play with, and they did just that. Personal spending went up by $134. 5 billion, show...
The financial world is gearing up for a busy week. Investors are keeping a close eye on the market as the first-quarter earnings season hits its peak. More than 180 companies from the S&P 500 are set to reveal their quarterly results. Among them are tech giants like Amazon, Apple, Meta Platforms, and Microsoft. Other major players such as Visa, Coca-Cola, Eli Lilly, ...
The upcoming week is packed with significant events that could shake up the financial world. First off, President Trump will reach his 100th day in office on Wednesday. This milestone comes at a time when his trade policies have stirred up quite a bit of uncertainty in the stock market. Investors will have their eyes on a bunch of major companies releasing their qu...
The stock market's recent upswing is losing momentum. Friday's trading saw a mix of gains and losses, wrapping up a week of volatility. The S&P 500 dipped slightly, with nearly three-quarters of its stocks falling. The Dow Jones Industrial Average dropped by 237 points, or 0. 6%, while the Nasdaq composite saw a modest gain of 0. 3%, thanks to a few big tech stock...
The housing market is facing a tough start to the spring season. The reason is a mix of higher mortgage rates and worries about the economy. This has led to a slowdown in home sales. In March, sales of previously owned homes dropped by 5. 9% compared to February. This brings the annualized rate to 4. 02 million units. This is the slowest pace since 2009. Compar...
Gold has seen some wild swings lately. It hit a new high of $3, 500 an ounce. This is a big jump. It was a short-lived triumph, though. Prices dropped by up to 1. 5% during US trading hours. This happened after a nearly 10% increase this month. Traders were taking profits. It was a smart move, given the rapid rise. The precious metal is in overbought terr...