Tag: economic news

The vast majority of Americans expect home prices to rise — but most people think it’s a good time to buy a home anyway

Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup....

From stimulus checks and bitcoin to mask write-offs — read this checklist before the tax filing deadline on May 17

If taxes are a certainty in life, so are the people who wait until the last minute to file. Well, that last minute is getting...

‘Everything seems to go smoother when we’re together’: Companies dangle spa weekends and free meals to lure workers back to the office

Thomas Jepsen, founder of Passion Plans, a company that helps connect home buyers with architects and designers, is among the cohort of employers that are...

U.S. gains just 266,000 jobs in April ‘in a huge disappointment’

The numbers: The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might be struggling to fill open...

A million new jobs? That’s how many Wall Street thinks the U.S. created in April

The U.S. might have created a million-plus jobs in April as the economic recovery spread across the country and reached businesses that suffered the most...

The No. 1 emerging property market in America isn’t in Texas or Florida — you may never even have heard of it

Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a...

U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?

Stocks have been on a tear this year, leaving investors to question whether to “sell in May and go away.” “With stocks at record highs,...

The resurgent U.S. economy grew 6.4% in first quarter and even faster growth lies ahead

The numbers: The U.S. economy charged ahead in the first three months of the year thanks to more Americans getting vaccinated, fewer people catching the...

Opinion: Biden’s plan to raise capital-gains taxes on the rich is good politics but bad economics

The leak about the second phase of proposed tax increases concerning capital gains pushed the investor community into a frenzy. While the details of the...

Home prices surge 12% in February, the biggest jump since 2006 — a $35,000 gain for median-priced homes

The number: The cost to purchase a home rose by a record amount, according to two major barometers of house prices in the U.S. The...

Time to ‘buckle up’ as ‘inflation’ mentions soar during earnings calls, BofA warns

Investors may want to “buckle up” as companies signal inflationary pressures in an earnings season that’s heading into its busiest week, according to research from...

Why the Fed’s focus on those hardest-hit by the pandemic matters for markets

Hoovervilles, the shantytowns built in New York City’s Central Park and other open spaces during the Great Depression, became a lasting image of a decade...

Homeowners’ new safety net leaves many at risk

As the federal government hastily stitches together a new safety net for struggling homeowners, housing advocates fear the relief may come too late for some...

Bitcoin suffers biggest weekly loss since March 2020

The price of bitcoin temporarily dropped below the psychologically important $50,000 level on Friday, putting the digital asset on track for its worst weekly performance...

ETF Wrap: Let’s get away from it all

Raise your hand if you’ve got a mean case of cabin fever. After the past 13 months, of course you do! You want to see...

Is now a good time to buy — or sell — a home? Here’s what Americans need to know about the hot real-estate market

With any purchase, people want to know if they’re getting a good deal. But when it comes to buying a home in today’s market, it’s...

Is the U.S. housing market heading for a crash? Here’s what the experts say

That’s the question a lot of Americans appear to be asking themselves. Data from Google GOOGL, -0.03% underscore the concerns that many people have about...

If you’re in your 50s or 60s, consider these moves to avoid higher taxes in retirement

If you are working with an eye toward retirement or even semiretirement, you are probably (hopefully) saving more than you could in the past in...

Despite falling unemployment, America’s poverty rate just reached the highest level since the pandemic began

As of last month, the U.S. poverty rate has been on an upward trajectory. Between February and March, the rate of poverty in the U.S....

Germany’s federal election may be the Georgia Senate race of the autumn

When the U.S. Senate surprisingly fell into Democratic hands after the Georgia runoff race, the financial market impact was monumental. The move was most obviously...

Dow and S&P 500 finish at records, book 4 weeks of gains in a row

The Dow and S&P 500 index closed at all-time highs Friday, extending their recent rallies to four weeks in a row, amid a fresh flurry...

Oil prices mixed even as China data points to strong rebound for demand

Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report from China...

April 15 is not tax day in 2021, but it’s still a crucial deadline for some taxpayers — are you among them?

But the words normal and typical don’t seem to apply to anything these days, and this year’s tax season is no exception. So the simple...

How do you compete with home buyers who can pay in all cash? Skip inspections and appraisals

Alissa Resnick and Brett Banhazl’s experience buying a home will sound familiar to many Americans negotiating today’s housing market. The married couple began seriously searching...

U.S. government bonds see muted action as investors parse Powell comments, await big auctions

U.S. Treasury yields were seeing subdued moves Monday morning, as investors parsed comments from Federal Reserve Chairman Jerome Powell during a “60 Minutes” interview and...