Latest Economy News
Stock market today: Wall Street falls sharply to close its worst week in nearly 18 months
NEW YORK (AP) — Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its...
Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April
NEW YORK (AP) — Most U.S. stocks fell Thursday following a mixed round of data on the economy, keeping them on track for their worst week since April. The S&P 500 slipped 0.3% for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5%. The Nasdaq...
US job openings fall as demand for workers weakens
WASHINGTON (AP) — America's employers posted fewer job openings in July than they had the previous month, a sign that hiring could further cool in the coming months. The Labor Department reported Wednesday that there were 7.7 million open jobs in July, down from 7.9 million in June...
Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
NEW YORK (AP) — U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start. The S&P 500 sank 2.1% to give back a chunk of the gains from a three-week winning streak that had...
Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report
TOKYO (AP) — Global shares were mixed in cautious trading Monday ahead of the Labor Day holiday in the U.S., when stock exchanges are closed. France's CAC 40 slipped 0.3% in early trading to 7,611.64, while Germany's DAX fell 0.1% to 18,881.14. Britain's FTSE 100 was little...
Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller
If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the state’s top officials. Homebuilding in Texas didn’t...
Stock market today: Wall Street sees mixed results after late-day selling, drop for Nvidia
A late-afternoon slide by some Big Tech companies cut into Wall Street’s gains Thursday, leading to a mixed finish for U.S. stock indexes. The S&P 500 ended flat after giving up an earlier gain of nearly 1%. The benchmark index is about 1.3% away from its record set in July. ...
US economic growth for last quarter is revised up to a solid 3% annual rate
WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s...
U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds
Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and conducted by professors at California Lutheran...
US consumer confidence rises in August as Americans' optimism about future improves
American consumers felt more confident in August as their outlook for the future improved. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 103.3 in August from 101.9 in July. The index measures both Americans’...
