The Fed said beginning in June it will slow the pace at which it allows maturing bond proceeds to roll off its balance sheet without reinvesting them.
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February, and the fewest since February 2021. The number of Americans quitting their jobs fell to the lowest level since January 2021—a sign of diminishing confidence in their...
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
Smartphone activations in the US are seeing the lowest share of iPhones in six years, according to data from Consumer Intelligence Research Partners (CIRP). The analysts report the numbers each quarter but use a 12-month period to eliminate seasonality (iPhone sales are always the weakest just before the new generation launches and the strongest just after). For most of 2023, Apple held steady at around 40%. However, it share began to slip at the end of the year and is now down to 33% at the...
Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. Source: Bloomberg But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The Dow and S&P desperately tried to get green Nasdaq and The...
While nations worldwide embrace renewable energy, the United States needs help to keep pace, favoring gas over cleaner alternatives.
The Department of Energy will provide $100 million in funding to help small and medium suppliers make parts for EVs
All lanes in both directions of US-167 from west of its junction with La. 103 to La. 748 are closed due to high water
Cities with the poorest quality air are concentrated in the West
U.S. Treasury yields were little changed after falling sharply on Friday in reaction to weaker-than-expected payroll growth and a rise in unemployment in April.
WASHINGTON (AP) — Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects
Trillions of periodical cicadas are expected to emerge across the U.S. this year. It is the first time since the 19th century that two 'broods' will come out together. Find out if the noisy creatures will emerge near you with our map below