Construction Spending Sinks Again in June as Homebuilding Slumps and Manufacturing Surge Fades
The construction industry’s boom years may be over as one of its key strengths, the labor market, has weakened over the past year. Construction spending fell 0.3% in June to an annualized rate of $2.5 trillion, Commerce Department data showed. Economists had expected a 0.2% increase. None of those surveyed by Econoday expected a decline. […]
Kamala Harris Praised ‘Defund the Police’ Movement in June 2020 Interview
Vice President Kamala Harris praised the radical “defund the police” movement in a newly unearthed radio interview from June 2020, highlighting her record as the most left-leaning senator in 2019. GovTrack Scorecard Ranking She is the most liberal senator of 2019, even further left than socialist Sen. Bernie Sanders (I-VT). But the list appeared to […]
Fed’s preferred inflation gauge eases to 2.5% in June
The Federal Reserve’s preferred inflation measure rose 2.5% year-on-year in June, in line with market expectations and raising hopes of a rate cut in September. The Commerce Department said on Friday that the personal consumption expenditures index (PCE) rose 0.1% in June from the previous month, while core PCE, which excludes volatile food and energy […]
Inflation measure closely watched by the Fed rises 2.5% in June
See what’s clicking on FoxBusiness.com The inflation indicator is Federal Reserve There was some easing in June, even as rising prices continue to weigh heavily on millions of Americans. According to the Labor Department, the personal consumption expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month, and were up 2.5% year-on-year, […]
Fed's preferred inflation gauge ticks higher in June
The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]
Home sales slump in June as prices hit another record high
U.S. existing home sales fell more than expected in June and the median home price hit a record high again, but improving supply and lower mortgage rates raised hopes that home sales may recover in coming months. The National Association of Realtors said on Tuesday that home sales fell 5.4 percent at a seasonally adjusted […]
Home prices smashed another record in June as sales slump
Orlando-area real estate agent and TikTok creator Freddie Smith talks Florida’s expensive market and his best advice for achieving homeownership. Cost Buying a new home A new report shows it has hit another all-time high. According to data released by the National Association of Realtors, the median sales price of existing homes in the U.S. […]
January 1 or December 6, Not June 19, Should Be the National Holiday
Estimated Reading Time: 6 minutes Today [June 19] has been declared a national holiday—Juneteenth. But if we really want to celebrate a day that was a landmark in America’s journey toward a freer, less racist society, we should not be celebrating Juneteenth—we should be celebrating January 1, the day in 1863 when the Emancipation Proclamation […]
S&P 500 climbs for best day since early June as Nvidia shares lead tech turnaround – NBC News
of S&P 500 Stock indexes suffered their worst weekly drop since April but hit their highest close since June 5 on Monday as technology shares rebounded. The benchmark rose 1.08% to close at 5,564.41, its highest since June 5. Nasdaq Composite Index It rose 1.58% to close at 18,007.57. Dow Jones Industrial Average It rose […]
Executive Spoke in June About Single Point of Failure in Tech
CrowdStrike recently became the very “single point of failure” that company executives warned about just weeks before a devastating software update that took down Microsoft Windows-powered computers around the world, crippling everything from airlines to banks. PC Mug Reports On July 19, 2024, the cybersecurity world experienced a moment of irony when CrowdStrike, a prominent […]