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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Condos led the monthly gain while single-family sales held flat; the South and Midwest drove regional growth; Tight inventory, firm prices, and stable demand suggest the housing market remains resilient.
Wall Street opens the week on a fragile footing after Trump rejects Tehran's counterproposal; AI-linked names extend gains overseas while crude jumps and gold pulls back.
Both consumer and producer prices in China climbed sharply in April, with the monthly CPI rate turning positive and PPI posting its steepest annual gain in 45 months.
Summary: Risk appetite returned on Friday as solid job gains and easing inflation expectations boosted confidence, with investors overlooking Iran-driven oil risks and betting economic resilience and AI momentum can sustain gains.
Consumer sentiment edged lower in early May as inflation, gas prices, and Iran war concerns weighed on households.
The private service-providing sector added 113,000 jobs, thanks to robust gains in healthcare and social assistance (+53,900), transportation and warehousing (+30,300) and retail trade (+21,800).
A strong payrolls report could provide leeway for the Fed to raise rates if the U.S-Iran-war induced pricing pressure worsens the inflation outlook.
Silver’s recent rebound appears to reflect a shift in market expectations as signs emerge that Washington may be seeking an off-ramp from the 67-day conflict with Iran.
Services led April payroll gains while pay growth held steady, signaling a resilient but cooling labor market.
Nasdaq futures lead gains on chip strength; crude slides on Hormuz diplomacy while gold pushes past $4,700 and the dollar softens against the euro.
U.S. services activity expanded in April but missed forecasts, while job openings held steady in March and hiring rose, signaling a cooling yet resilient labor market amid geopolitical uncertainty.
The U.S. trade deficit widened to $60.3 billion in March as imports outpaced record exports even as the world is navigating through an ongoing geopolitical crisis.