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Oct 23, 2021
Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.
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Oct 22, 2021
Billionaire investor Jeffrey Gundlach said inflation likely will remain elevated through 2021 and stay above 4% through at least 2022.
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Oct 21, 2021
First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period.
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Oct 20, 2021
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.
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Oct 20, 2021
Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the markets and the economy.
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Oct 18, 2021
Homebuilder confidence rose in October thanks to strong buyer demand.
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Oct 18, 2021
The Covid-19 pandemic has left one very destructive issue in its wake: disruption to global supply chains.
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Oct 18, 2021
The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say.
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Oct 18, 2021
A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too long, according to a Deutsche Bank survey.
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Oct 15, 2021
Richmond Fed President Thomas Barkin said he's on board with reducing the amount of economic help the central bank is providing.
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Oct 15, 2021
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems.
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Oct 14, 2021
Initial claims for unemployment insurance for the week ended Oct. 9 were expected to total 318,000.
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Oct 13, 2021
The Federal Open Market Committee on Wednesday released minutes from its Sept. 21-22 policy meeting.
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Oct 13, 2021
Consumer prices increased slightly more than expected in September as food and energy price rises offset declines in used cars, the Labor Department said.
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Oct 13, 2021
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.
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Oct 12, 2021
Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.
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Oct 08, 2021
September's wage gains provided more fuel to the argument that the current pace of inflation could run longer than many economists anticipate.
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Oct 08, 2021
Nonfarm payrolls were expected to increase by 500,000 in September, according to economists surveyed by Dow Jones.
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Oct 07, 2021
Fed Governor Lael Brainard should figure prominently as President Joe Biden weighs who will chair the central bank and who will specifically supervise banks.
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Oct 07, 2021
Initial filings for jobless benefits were expected to total 345,000 for the week ended Oct. 2, according to economists surveyed by Dow Jones.
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Oct 06, 2021
Private jobs rose by 568,000 for the month, better than the Dow Jones estimate of 425,000 and ahead of the downwardly revised 340,000 in August.
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Oct 06, 2021
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand.
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Oct 05, 2021
The current spate of inflation won't last and ultimately will fall below the Federal Reserve's target, Chicago Fed President Charles Evans said.
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Oct 05, 2021
Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while.
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Oct 05, 2021
Treasury Secretary Janet Yellen believes the economy would fall into a recession if Congress fails to raise the debt ceiling before an default on the U.S. debt.
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Oct 01, 2021
Equity holdings now make up about half of the $109.2 trillion of financial assets that households own.
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Oct 01, 2021
Inflation ran at a fresh 30-year high in August as supply chain disruptions and extraordinarily high demand fueled ongoing price pressures.
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Sep 30, 2021
Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt limits taken away from Congress.
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Sep 29, 2021
Higher rates caused mortgage demand to drop for refinances and home purchases.
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Sep 28, 2021
Sen. Elizabeth Warren charged that Fed Chairman Jerome Powell has led an effort to weaken the nation's banking system, and she will oppose his renomination.
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Sep 28, 2021
Topic: RobocarsTags: forbesA recently released video shows Waymo having some real problems when it encounters a construction zone it doesn't understand (that's expected) but then the remote ops team gives the wrong instructions and a comedy of errors follows. I discuss it here:
Waymo Peforms Embarrassingly In Construction Cone Situation
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Sep 28, 2021
Federal Reserve Chairman Jerome Powell cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated.
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Sep 27, 2021
At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don't see a threat from inflation.
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Sep 27, 2021
At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don't see a threat from inflation.
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Sep 27, 2021
Topic: RobocarsTags: forbesA recently released video shows Waymo having some real problems when it encounters a construction zone it doesn't understand (that's expected) but then the remote ops team gives the wrong instructions and a comedy of errors follows. I discuss it here:
Waymo Peforms Embarrassingly In Construction Cone Situation
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Sep 27, 2021
Boston Federal Reserve President Eric Rosengren announced he is stepping down on Thursday, citing health concerns.
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Sep 27, 2021
Topic: RobocarsTags: forbesA recently released video shows Waymo having some real problems when it encounters a construction zone it doesn't understand (that's expected) but then the remote ops team gives the wrong instructions and a comedy of errors follows. I discuss it here:
Waymo Peforms Embarrassingly In Construction Cone Situation
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Sep 24, 2021
Shipping bottlenecks that have led to rising freight costs that will be passed onto consumers are cooking up a holiday headache for U.S. retailers.
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Sep 23, 2021
The Fed indicated rate hikes could be coming sooner than expected, and it significantly cut it economic outlook for this year.
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Sep 22, 2021
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on July 28.
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Sep 22, 2021
The share of first-time buyers fell to just 19% of all sales, the lowest since January 2019.
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Sep 22, 2021
Jamie Dimon said that if the U.S. continues to see inflation running hot over the next few months then the central bank could be forced to act quickly.
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Sep 22, 2021
Mortgage demand rose last week as more buyers came into the housing market.
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Sep 21, 2021
After Monday's market turbulence, the Fed's challenge will be to sound reassuring while acknowledging it is getting ready to move away from its easy policy.
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Sep 18, 2021
The Federal Reserve has a big meeting on tap next week, one that will be held under the cloud of an ethical dilemma.
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Sep 16, 2021
Economists surveyed by Dow Jones expected retail sales to decline by 0.8% in August and for initial jobless claims to total 320,000.
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Sep 14, 2021
Consumer prices in August rose 5.3% from a year ago and 0.3% from July, the Labor Department reported.
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Sep 14, 2021
The consumer price index was expected to increase 5.4% from a year ago in August, according to economists surveyed by Dow Jones.
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Sep 14, 2021
Tuesday's report of the consumer price index could set the tone for markets ahead of next week's Federal Reserve meeting, particularly if it is hot.
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Sep 10, 2021
The producer price index for final demand products was expected to increase 0.6% in August, according to economists surveyed by Dow Jones.
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Sep 09, 2021
Initial filings for unemployment benefits were expected to total 335,000 for the week ended Sept. 4.
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Sep 09, 2021
Businesses are experiencing escalating inflation that will likely be passed onto consumers, the Fed reported Wednesday.
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Sep 08, 2021
Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies.
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Sep 07, 2021
August's jobs report, besides being a big disappointment, also showed that even with weak hiring, wages are rising.
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Sep 03, 2021
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions against expectations of 720,000.
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Sep 03, 2021
The former chief economist of the World Bank told CNBC that the coronavirus pandemic has highlighted how the economic system isn't working.
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Sep 01, 2021
Private payrolls rose just 374,000 for the month, well below estimates but above July's 326,000, according to ADP.
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Aug 31, 2021
Trends in home prices and consumer confidence pointed to more inflationary issues on the horizon for the U.S. economy.
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Aug 30, 2021
Signed contracts on existing homes fell in July, suggesting a slower fall for closings.
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Aug 27, 2021
Fed Chairman Jerome Powell's conviction that the inflation whipping through the economy this year soon will subside is not universally shared.
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Aug 27, 2021
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year.
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Aug 27, 2021
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins.
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Aug 27, 2021
An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago.
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Aug 27, 2021
For the Fed, implementing the easiest monetary policy in history was tough enough. Getting out will be no treat, either.
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Aug 26, 2021
First-time jobless claims filings totaled 353,000 for the week ended Aug. 21 while second-quarter- GDP growth was revised up to 6.6%.
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Aug 26, 2021
Kansas City Fed President Esther George said it's time for the central bank to start dialing back its policy stimulus.
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Aug 25, 2021
If the recovery is going to continue, it will need delta to fade, and there are signs that the tide might be turning, albeit slowly.
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Aug 23, 2021
Home sales rose for the second straight month but were barely higher than in July 2020.
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Aug 19, 2021
Topic: RobocarsTags: forbesTesla released some important new details on the Texas crash that everybody's talking about (but probably shouldn't be talking that much about.)
The new details are not enough, though. Information is now contradictory until we learn more. Was there somebody in the driver's seat or not? We've learned that cruise control did play a role, but are told it brought the car to a stop, which it clearly didn't.
Read more details in this piece at:
Tesla reveals more details on fatal Texas crash, it's a locked-room murder mystery
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Aug 18, 2021
The Federal Reserve on Wednesday released the minutes from its July 27-28 meeting.
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Aug 18, 2021
Mortgage demand drops after rates rise to highest level in a month.
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Aug 17, 2021
Homebuilder sentiment falls to the lowest level in a year, due to rising construction costs pushing home prices higher.
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Aug 17, 2021
Homebuilder sentiment falls to the lowest level in a year, due to rising construction costs pushing home prices higher.
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Aug 17, 2021
Retail sales were expected to decrease 0.3% in July, according to economists surveyed by Dow Jones.
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Aug 16, 2021
Consumers, concerned over Covid delta spread, likely spent less in July, economists say.
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Aug 16, 2021
Interviews with officials along with their public comments show growing support for a faster taper timeline than markets had expected a month ago.
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Aug 13, 2021
The University of Michigan consumer sentiment index dropped more than 13% in its preliminary August reading.
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Aug 12, 2021
Jobless claims numbers have come down sharply since the spring as the economy has recovered, and they have settled near the 400,000 level in recent weeks.
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Aug 11, 2021
Prices that Americans pay for everyday goods and services accelerated in July, but about where economists had expected.
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Aug 11, 2021
Dallas Fed President Robert Kaplan said that the central bank should begin to taper its monthly purchases of Treasury bonds in October.
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Aug 09, 2021
The jump came as the quits increased while the layoffs and discharges rate was unchanged, reflecting increased bargaining power for workers.
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Aug 06, 2021
President Joe Biden said the strong July jobs numbers were no cause for celebration, because rising Covid cases pose an urgent threat.
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Aug 06, 2021
The latest jobs report from the Labor Department reflects progress, which could put the central bank on track to dial back its bond purchases.
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Aug 06, 2021
Black and Hispanic unemployment dropped in the July jobs report, but the figures are high compared with the jobless rate for whites and Asians.
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Aug 06, 2021
Hiring rose in July at its fastest pace in nearly a year despite fears over the delta variant and as companies struggled with a tight labor supply.
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Aug 05, 2021
Initial jobless claims totaled 385,000 for the week ended July 31, meeting estimates.
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Aug 04, 2021
Fed Vice Chairman Richard Clarida said the central bank is likely to hit its targets by the end of next year and start raising rates again in 2023.
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Aug 04, 2021
The 330,000 new positions is also a sharp deceleration from June.
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Aug 04, 2021
Yellen is trying to rally the public behind the bipartisan infrastructure bill and Democrats' even bigger $3.5 trillion spending plan.
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Aug 03, 2021
CNBC's All-America Economic survey showed 48% of American adults approved of the job Biden is doing as president, up a point from the first quarter.
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Aug 03, 2021
Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market.
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Aug 02, 2021
The Fed could begin tapering as early as October under a scenario central bank Governor Christopher Waller set out to CNBC.
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Jul 30, 2021
An inflation indicator that the Fed uses as its key guide rose 3.5% in June, a sharp acceleration that was nonetheless right around expectations.
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Jul 29, 2021
After rising in May, signed contracts on existing homes fell in June due to sky-high prices.
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Jul 29, 2021
While the GDP gain would have been strong prior to the pandemic, it was considerably less than the 8.4% Dow Jones estimate.
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Jul 28, 2021
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread.
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Jul 28, 2021
Applications to refinance a home loan jumped 9% last week from the previous week, according to the Mortgage Bankers Association.
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Jul 27, 2021
When the Fed emerges from its July meeting on Wednesday, it may sound a bit more dovish than expected just a few weeks ago.
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Jul 27, 2021
Home prices were 16.6% higher than in May 2020, the highest reading in the S&P CoreLogic Case-Shiller report's 30-plus years.
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Jul 27, 2021
For the most part, the Washington-based institution sees these price pressures as transitory. However, it warned that "uncertainty remains high."
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