February home sales unexpectedly jump 9.5% to 1-year high
U.S. existing home sales rose in February from the previous month, the strongest pace in a year, as a gradual decline in mortgage rates and more properties on the market boosted homebuyers. Existing home sales rose 9.5% last month from January to a seasonally adjusted annual rate of 4.38 million units, the National Association of […]
US homebuilder sentiment unexpectedly rises to highest level since July
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Builder confidence in the U.S. housing market jumped into surprising positive territory this month, jumping to its highest level since July, as more home buyers are attracted to new construction amid a continuing shortage […]
Wholesale inflation unexpectedly accelerates to highest level since September
In a wide-ranging, exclusive interview with FOX Business, Treasury Secretary Janet Yellen spoke about the state of the economy and Biden’s new budget proposal. Wholesale-level inflation is significantly higher than expected in February, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Thursday that it […]
Japan’s SLIM moon probe unexpectedly survives lunar night
Japan’s space agency said on Monday that its lunar lander SLIM unexpectedly crashed on a freezing lunar night, more than a month after the spacecraft made a historic “pinpoint” touchdown on the moon’s surface. It announced on Monday that it had survived and re-established communications with Earth. The Smart Lunar Survey Lander (SLIM) landed on […]
Ethereum (ETH) $3,000 Mark Confirmed, Solana (SOL) Fails Unexpectedly, Dogecoin (DOGE) Reaches Nemesis Resistance – U.Today
Armand Sirignan Some assets are gaining even more momentum than before, while others are clearly losing momentum Read U.TODAY google news Ethereum’s recent price movements suggest that the $3,000 mark is within reach. This level is not only a psychological barrier, but also an important milestone that reflects investors’ growing confidence in the asset’s long-term […]
Housing starts unexpectedly plummet to lowest level in five months
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. U.S. new home construction fell to a five-month low in January, highlighting the continued challenges facing the housing market. Housing starts Sales fell 14.8% last month to 1.33 million units for […]
UK inflation unexpectedly rises despite sharp fall in fuel prices | Inflation
UK inflation unexpectedly rose to 4.0% in December, complicating expectations that the Bank of England would start cutting interest rates. The Office for National Statistics said the annual inflation rate, as measured by the Consumer Price Index (CPI), rose from 3.9% in November, halting the recent sharp decline. Economists in the city had predicted a […]
New York Manufacturing Unexpectedly Collapses
Factory activity in New York suffered an unexpected collapse in January, a New York Fed study revealed Tuesday. Business activity contracted sharply in January, according to the New York Fed's Empire State Manufacturing Survey. The business conditions index fell sharply, dropping 29.2 points in January to -43.7. Economists expected the economy to improve and expected […]