Buds appearing on tree trunks and green grass on Lilac City lawns mark the start of spring when Realtors begin their rush to sell homes. This year’s peak home listing season was starting to show great promise. Up until 30 days ago, mortgage rates and interest rates had dropped below 6%, the economy appeared to … Read more
ORLANDO, Florida, April 2 (Reuters) – US job growth is slowing to a halt. If this was tolerable to policymakers or acceptable to investors before the Iran war, it should not be now. The labor market has been struggling for some time, but this has been overshadowed by the unemployment rate, which has come down, … Read more
Comments: Oil prices rose after Trump’s speech, with Brent rising to $110 a barrel after briefly falling to $99 on Wednesday on hopes that he will soon make a deal with Iran. Stocks fell overnight in Asia and Europe, and opened higher in early trading in New York on Thursday. Stocks later rallied and ended … Read more
A “Help Wanted” sign hangs in the window of a restaurant in Medford, Massachusetts, US, January 25, 2023. Brian Snyder | Reuters Non-farm payrolls are expected to fall back – slightly – in March as consumers tune in for what is shaping up to be a healthy labor market. The US economy is estimated to … Read more
On a sunny February afternoon, Wendy Morales locked up Blue Star Cafe & Pub for the last time. After decades of serving great omelets, old bloody marys, and french fries, a beloved Seattle’s Wallingford eatery has closed for good. “Our lease is coming to an end,” Morales said. “There was no choice. Money, I call … Read more
The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more
This is CNBC’s Morning Squawk newsletter. Register here to receive future publications in your inbox. Happy Thursday. It is the anniversary of the first year of President Donald Trump’s tariff unveiling, which the president called “freedom day.” Stock futures are down this morning. The three major indexes will come up on another competitive day. Here … Read more
America’s AI vision may be undone not by a lack of money or computing power, but by a shortage of electricians. It is an agreement between two different titans of the Fortune 500: Ford CEO Jim Farley, who has spent years lamenting the crisis in what he calls the “essential economy,” and Goldman Sachs, which … Read more
Market_Recon_TSP1_KL Enter Sandman Sleep with one eye open Holding your pillow tightly Turn off the light Enter the night Take my hand We are leaving to never stay – Hetfield, Ulrich, Hammett (Metallica), 1991 Not As Planned? That depends on who is expecting what. Departure is never without a country. Markets had bought into the … Read more
Much of Alabama’s local economy is thriving. Data recently released by the Bureau of Economic Analysis revealed GDP at the county level. In Alabama, things were increasing almost everywhere in 2024 – the last year covered in the release. Some 97% – 65 of the state’s 67 counties – saw an increase in their domestic … Read more