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.
Larry Summers warns the Fed risks 1970s-style crisis if it pauses inflation fight
The Federal Reserve needs to remain steadfast in its fight against inflation or risk plunging the economy into a 1970s-style crisis, Larry Summers said.
Existing home sales tumbled in December for 11th straight month, falling to lowest level since 2010
Sales of previously owned homes fell 1.5% in December from the prior month due to higher mortgage rates, according to the National Association of Realtors.
Fed's Brainard expects interest rates to remain high despite recent inflation decline
High inflation has shown early signs of moderating, giving the Fed the space to slow its interest rate increases, according to vice chair Lael Brainard.
Bank of America's Brian Moynihan warns against 'wealth effect' that could feel like 2007-08
Bank of America Chairman and CEO Brian Moynihan discusses how a mild recession could impact housing, labor and energy sectors from the World Economic Forum.
Jobless claims unexpectedly drop to 190,000, lowest level in four months
Applications for U.S. unemployment benefits tumbled to a four-month low last week even as the Fed tries to slow the economy and cool the labor market.
Fed’s Beige Book says businesses expect weak growth in months ahead
The Federal Reserve's Beige Book, which monitors businesses' sentiments, is full of pessimistic outlooks on the economy driven by high inflation and slow growth.
Federal Reserve Chairman Jerome Powell tests positive for COVID-19
The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms."
Wholesale inflation tumbled 0.5% in December, more than expected
Inflation at the wholesale level fell faster than expected in December as high producer prices begin to moderate, the Labor Department reported on Wednesday.
Illinois governor to World Economic Forum: U.S. inflation won't hit target 'for a very long time'
Illinois Gov. J.B. Pritzker told the World Economic Forum Tuesday he expects it will be "a very long time" before inflation in the U.S. returns to the 2% target rate.
Fund managers most underweight on US stocks since 2005: Bank of America survey
Investors' allocation to U.S. stocks tumbled in January to the lowest level since 2005, according to a new Bank of America survey published on Tuesday.
Inflation drops in December – will the Fed slow interest rate hikes in 2023?
Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.
US real estate market in ‘big trouble,' expert warns
Pulte Capital CEO Bill Pulte and Thor Equities CEO Joe Sitt explain why U.S. real estate is headed towards "big trouble" in 2023 and could put "a lot of things to a stop."
Billionaire bond fund manager Jeffrey Gundlach is concerned the US is headed in an ‘appalling’ direction
DoubleLine Capital CEO and "The Bond King" Jeffrey Gundlach spotlights "very substantial problems" putting U.S. markets, the economy and national security down an "appalling" path.



















