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Americans are growing increasingly anxious about inflation, with the latest University of Michigan consumer sentiment survey showing a sharp decline in headline sentiment and a jump in one-year inflation expectations to 4.3%.
Published on: February 07, 2025, 07:02 PM UTC
Oil prices continue to decline for the third consecutive week due to US-China trade war concerns.
Published on: February 07, 2025, 07:02 PM UTC
Customers sue Coinbase, alleging illegal sale of unregistered securities
Published on: February 07, 2025, 07:00 PM UTC
The first central bank interest rate moves of 2019 suggest it will be a year of contrasting fortunes, with some major economies heading in different directions.
Published on: February 07, 2025, 07:00 PM UTC
Despite lower-than-expected job creation in January, US unemployment falls to 4%, accompanied by strong wage growth and upward revisions to previous job gains, indicating labor market resilience and influencing Fed policy decisions.
Published on: February 07, 2025, 06:03 PM UTC
US stocks fell Friday as investors reacted to the threat of more possible tariffs from the Trump administration, while digesting a jump in consumer expectations for inflation and the quickly overshadowed monthly jobs report. The S&P 500 (^GSPC) moved 0.7% lower, while the tech-heavy Nasdaq Composite (^IXIC) slid around 1%. The Dow Jones Industrial Average (^DJI) also fell 0.7%.
Published on: February 07, 2025, 06:02 PM UTC
Today's high mortgage rates are deterring potential homebuyers and sellers. Fannie Mae's survey shows that only 35% expect rates to drop, down from 42% in December. Despite pessimism about rates, the Home Purchase Sentiment Index rose slightly due to optimism about buying and selling conditions and home prices.
Published on: February 07, 2025, 06:02 PM UTC
Amid the US-China trade war, tech giants Apple, Google, Intel, and Nvidia face potential antitrust investigations in China as retaliatory measures for US tariffs. Apple faces scrutiny over its App Store practices, while Intel's China revenue is at risk due to its reliance on the region. Google's presence in China is minimal, but Nvidia's AI strategy could be impacted by export restrictions.
Published on: February 07, 2025, 06:02 PM UTC
Inflation expectations rise to highest level since November 2023, leading to decline in consumer sentiment.
Published on: February 07, 2025, 06:01 PM UTC
Oil prices fall on trade war fears, set for third weekly decline
Published on: February 07, 2025, 06:01 PM UTC