US Consumer Confidence Wanes With Prices Still High
Americans are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend.
Consumer Confidence Declines Again in May
Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.
Consumer Confidence Ticks Up in March
WASHINGTON — Consumer confidence inched up in March after two straight monthly declines, even as persistent inflation and anxiety over a possible recession weighed on American households.
Jobless Aid Filings Lowest Since April 2021
U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve.
Jobless Claims Fall to Lowest Since September
WASHINGTON — The number of people seeking unemployment benefits in the U.S. reached a four-month low for the week of Jan. 8-14.
Elon Musk Tells Investors He’ll Pause on Tesla Stock Sales
Tesla CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October.
Unemployment Claims Drop, Complicating Anti-Inflation Measures
The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market.
Construction Spending Rises 0.5% in September
WASHINGTON — U.S. construction spending rose 0.5% in September, boosted by government and private residential projects.
Durable Goods Orders Rise 2.1% in July
WASHINGTON — Orders to U.S. factories for large manufactured goods rose for the second straight month, but the strength again came from a big increase in the volatile aircraft category.
US Construction Spending Fell 1.1% in June
WASHINGTON — Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.