Updates

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.

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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

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No easy options for China as trade war, U.S. pressure bite

China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.

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US business inventories unchanged in March as sales surge

U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.

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Stronger home sales boost builder confidence in May

The nation’s homebuilders are reporting a rebound in sales, and that’s making them more optimistic about the housing market.

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Fed’s Kashkari says US is ‘in a very strong position’ on trade battle with China

Even amid substantial bouts of market tumult, Minneapolis Fed President Neel Kashkari sees the U.S. as holding the upper hand in its trade showdown with China.

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Tame U.S. inflation seen keeping Fed on the sidelines

U.S. consumer prices rose moderately in April and underlying inflation remained muted, supporting the Federal Reserve’s projection of no further interest rates increases this year.

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U.S. job openings surge, point to tightening labor market

U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.

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Buffett says stocks are ‘ridiculously cheap’ if rates stay at these levels

Berkshire Hathaway Chairman and CEO Warren Buffett said Monday stocks are a huge bargain if interest rates remain at their low levels.

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Navy strike group deployed to send ‘message’ to Iran

The U.S. military is deploying the USS Abraham Lincoln Carrier Strike Group and a bomber task force to the Central Command region in the Middle East to send a “clear and unmistakable message” to Iran, national security adviser John Bolton said in a statement Sunday.

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