Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019
Underneath the stock market’s epic rebound has been a “more favorable” trend that Credit Suisse says will drive the market higher.
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.
Treasury’s Mnuchin expects elements of China trade talks to be resolved soon
The Trump administration is discussing a thick tome of ideas with Chinese officials as the two sides seek a trade deal, with Washington expecting some elements to be resolved soon, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
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.
Recession in 2019? Carlyle Group’s co-CEO says there’s enough momentum to avoid one
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday.
Fourth-quarter GDP increases 2.6%, better than expected
U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.