Auto loans hit record high, sending borrowers to the used market
People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan.
Powell: Fed will act ‘as appropriate’ in face of trade, other risks
The Federal Reserve will respond “as appropriate” to the risks posed by a global trade war and other recent developments, Fed Chairman Jerome Powell said on Tuesday in remarks that seemed to open the door to the possibility of a rate cut.
Major automakers post U.S. higher May new vehicle sales
Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand.
Why China’s rare earths threat is no game changer in the trade war
China’s threat to stop exporting rare earth minerals to the United States may not give Beijing much leverage in the ongoing trade war between the world’s two biggest economies.
First-quarter economic growth up 3.1%, slightly better than Wall Street expected
The U.S. economy grew by 3.1% to start the year, slightly better than expected and providing some relief at a time when recession fears are accelerating, the Commerce Department reported Thursday.
Consumers are the most confident about their job prospects in nearly 2 decades
Data released by The Conference Board shows 47.2% of consumers polled in May thought jobs are “plentiful.”
Mohamed El-Erian: Don’t underestimate a ‘Reagan moment’ for Trump on China
President Trump stands a chance of creating a new economic world order in his China trade fight, says economist Mohamed El-Erian.
Pennsylvania, Vermont and Wisconsin just set new lows for unemployment
At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.
US consumer sentiment surges to highest level in 15 years
Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday