Stocks typically outperform even when bonds signal recession
Some investors may be freaked out over the recession signal being sent by bond market rates, but if history is a guide, there is still time to capture more gains in the stock market.
China trade deal likely; automakers can avoid tariffs with U.S. plants
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.
EU leaders call for end to ‘naivety’ in relations with China
European Union leaders called for an end to naivety on Friday in relations with Beijing and said China was a competitor whose markets were not sufficiently open, although they did not spell out specifically what they planned to do.
Home sales make record jump, proving how sensitive buyers are to mortgage rates
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors.
Homebuilder sentiment holds steady despite a decline in mortgage rates
The nation’s homebuilders are feeling positive about their business, but not as much as they did a year ago.
‘The one report that everyone in Washington watches’ on employment just showed a big gain in job openings”
Job vacancies jumped to a fresh high of 7.6 million in January as employers continue to seek qualified applicants to fill positions, the Bureau of Labor Statistics reported Friday.
U.S. economy gains paltry 20,000 jobs in February
U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs as construction and retail payrolls dropped, which could raise concerns about a sharp slowdown in economic activity.
U.S. housing starts increase more than expected in January
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017.
U.S. new home sales hit seven-month high; services sector rebounds
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
China to slash taxes, boost lending to prop up slowing economy
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a trade war with the United States.