Tag: economic performance

Overpricing and other home selling mistakes that can cost you

It’s a seller’s market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too....

Opinion: If you want to fix climate change, you need to fix this flaw in conventional economic thought

BRUSSELS, Belgium (Project Syndicate)—Nowhere are the limitations of neoclassical economic thinking—the DNA of economics as it is currently taught and practiced—more apparent than in the...

Treasury rally pauses Friday but government debt books second straight weekly yield decline

Yields for long-dated U.S. government debt rose Friday for the first time in five sessions, as a rally that took the 10-year and 30-year Treasurys...

The No. 1 reason workers are considering switching jobs

Many workers are ready to bounce. Some 95% of respondents in a new survey were “currently considering changing jobs,” and 92% said they would switch...

Inflation has ‘really rung’ an alarm for equities forecast, Acadian portfolio manager says

Inflationary pressures are bearing down on Acadian Asset Management’s forecast for the stock market as part of its multi-asset outlook. “In equities, the combination of...

European stocks rise ahead of U.S. payrolls data, closing out trading week marked by delta variant concerns

European equities climbed higher on Friday ahead of the release of key U.S. economic data. Stock-market indexes across the region looked set to close out...

U.S. unemployment claims sink to pandemic low of 364,000 as extra benefits start to get phased out

The numbers: New applications for unemployment benefits sank by 51,0000 last week to a new pandemic low of 364,000, underscoring a rapid recovery in the...

Home price growth hits a record high — but homeowners shouldn’t celebrate just yet

The numbers: Home prices rose at the fastest rate on record in April, according to the latest edition of the S&P CoreLogic Case-Shiller Home Price...

Biden’s long-term spending plans ‘are not about overheating the economy,’ says White House adviser

Top White House economic adviser Brian Deese on Wednesday defended some of the Biden administration’s long-term spending plans, characterizing the proposed outlays as not connected...

Existing-home sales slump as momentum slows in the housing market

The numbers: Existing-home sales fell for the fourth consecutive month, as buyers continue to face major hurdles in becoming homeowners. Existing-home sales fell 0.9% to...

European stocks tumble, tracking Wall Street losses, as Fed’s hawkish turn reveberates

European stocks tumbled Friday, with banks and energy companies leading declines, as investors continued to absorb a hawkish turn by the Federal Reserve and Wall...

U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the...

What is inflation? Hint: It’s not the 12% increase in rental-car prices last month

When Chipotle CMG, +1.21% CEO Brian Niccol shared that the company has increased its menu prices by nearly 4%, some customers thought they knew exactly...

ECB to Keep Monetary Stimulus in Place

FRANKFURT—The European Central Bank upgraded its economic outlook for the eurozone but said it would keep its aggressive monetary stimulus in place, signaling a likely...

U.S. Treasury yields edge up from 3 month lows ahead of May inflation data

U.S. government bond yields on Thursday were edging higher, rising from their lowest level in about 3 months, ahead of a closely watched reading of...

Dow books 3rd day of losses, S&P 500 retreats from record as stocks lose ground ahead of inflation update

U.S. stock benchmarks finished lower, losing steam in the session’s final half-hour, ahead of an eagerly awaited inflation report due Thursday, which could set the...

Dow edges lower as investors look for inflation clues

Stocks were mostly a shade lower Tuesday morning, though the tech-heavy Nasdaq Composite held on to a small gain as investors remained wait-and-see mode ahead...

China Tests Out Intervening in Housing Market to Tame Prices

Chinese cities are stepping up efforts to control one of the biggest problems of the country’s post-pandemic economy: runaway housing prices. The southern city of...

German stocks fall behind European peers after weak industrial data

German stocks got off to a lackluster start on Tuesday, opening in the red and falling behind other major European equity indexes, after data showed...

Here’s a breakdown of the trillions worth of pandemic stimulus already unleashed in the U.S.

The massive scope of aid used by the U.S. government to help blanket the economy during the pandemic can be hard to imagine. But as...

‘Do We Need to Be in Hong Kong?’ Global Companies Are Eying the Exits

Apprehensive about Hong Kong’s future as the best place to do business in China and beyond, multinational firms are pulling up stakes, adding to uncertainty...

Mexicans Vote in Midterm Election Seen as Referendum on Populist President

MEXICO CITY—Mexicans were set to vote Sunday in a midterm election that will determine whether populist leader Andrés Manuel López Obrador faces significant constraints on...

U.S. inflation is still climbing and now higher labor costs are adding to the pressure

Surging U.S. inflation tied to reopening of the economy is supposed to start to fade by the end of the year, but rising wages threaten...

Taper tantrum? Only if somebody wakes the U.S. bond market

Quiet, please, the bond market is sleeping. In February and March , as the U.S. economy began to recover from the coronavirus pandemic, a selloff...

Teen jobless rate falls to lowest point in years

The unemployment rate in May for 16- to 19-year-old workers dropped to 9.6% from 12.3% a month earlier. If that doesn’t sound striking — especially...