Latest Federal Reserve System News
Stock market today: Wall Street leans modestly lower as markets await Friday's inflation data
Wall Street drifted modestly lower before the bell Wednesday as markets digest corporate earnings while waiting for an important inflation update from the government on Friday. Futures for the S&P 500 were essentially flat, while futures for the Dow Jones Industrial Average...
Stock market today: Asian shares falter after Nvidia rebound supports Wall St
BANGKOK (AP) — Asian shares are mixed after a rebound for Nvidia propped up a weakened Wall Street. Japan’s Nikkei jumped 1.4% to 39,726.39, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence. Tokyo...
Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania cools
NEW YORK (AP) — Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied. The S&P 500 slipped 0.3% to pull further from its record set last week. The drops for Nvidia and other winners of Wall Street’s...
Yellen announces efforts to boost the housing supply as high prices create a crunch
WASHINGTON (AP) — The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary...
Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again
NEW YORK (AP) — U.S. stocks coasted to the close of their latest winning week on Friday, as Nvidia ’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2%, but it remained close to its all-time high set on Tuesday and capped its eighth winning...
US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...
US jobless claims fall to 238,000 from 10-month high, remain low by historical standards
WASHINGTON (AP) — The number of Americans applying for unemployment benefits slipped last week as the U.S. labor market remained resilient. The Labor Department reported Thursday that jobless claims fell by 5,000 to 238,000 from a 10-month high of 243,000 the week before. The...
Average long-term US mortgage rate falls again, easing to lowest level since early April
LOS ANGELES (AP) — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. The rate fell to 6.87% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.67%. ...
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And...
Stock market today: Asian shares mostly gain after Wall St rallies to new records
BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher. U.S. futures were flat and oil prices declined. This week has few top-tier economic reports...
