Gallup Economic Confidence Index Slips as Dismal Sentiment Lingers
Americans' confidence in the economy remains depressed, slipping from the highs it had reached in the period between late December and April, according to the most recent Gallup economic confidence index.
New-home Sales Jump 6.8% as Median Prices Near $300,000
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
Consumer Confidence Edges Up in May on Improving Job Market
The Conference Board's index of consumer confidence increased to 95.4 in May from a revised reading of 94.3 the month before, the New York-based private research group said Tuesday.
GMO's Montier: 'Monetary Policy Isn't Most Effective Tool for Managing Economy'
Many investors are obsessed with the Federal Reserve's efforts to boost the economy, but perhaps they're looking in the wrong direction.
Fed's Fischer: Rate Hike Debate Driven by Data, Not Date
Federal Reserve Vice Chairman Stanley Fischer said central bankers are weighing the risk of raising interest rates prematurely against the danger of having to play catch-up if they wait too long.
FT: Senator Warren Calls for Public Hearings on Bank Waivers
U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported.
Fed's Mester: 'Time Is Near' for Interest-Rate Increase
Accelerating inflation and strong employment growth are pushing the U.S. economy close to the point where it can support higher interest rates, Federal Reserve Bank of Cleveland President Loretta Mester said.
BofA: US-Focused Stock Funds Worldwide Post $8.5 Billion Outflows
Investors worldwide pulled $8.5 billion out of funds that specialize in U.S. stocks in the week ended May 20 on appetite for cheaper share prices in Europe, data from a Bank of America Merrill Lynch Global Research report show.
Yellen Sees Rate Rise in 2015, Gradual Tightening Thereafter
Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow.
While the labor market is nearing full strength, "we are not there yet," she said Friday in a speech...
Can Anyone Make Your Retirement Money Last For Life?
They're having another go at it: turning your retirement savings into an income stream that will last for the rest of your life.The problem is simple. You don't know how long you'll live, so it's hard to know how fast you can afford to spend your nest egg.When you retire,...
For Gasoline Under $3, Look Anywhere Except West Coast
Might want to skip that road trip to Disneyland this summer.
Gasoline is below $3 a gallon in all U.S. regions but one: the West Coast.
Mortgage Rates Fall for First Time in a Month
Mortgage rates in the U.S. fell for the first time in a month, cutting costs for buyers during the housing market's busiest time of the year.
The average rate for a 30-year fixed mortgage slipped to 3.84 percent from 3.85 percent last week, Freddie Mac said in a statement...
Warren Buffett: Rise in Minimum Wage Won't Help the Poor
Every American willing to work should get paid enough for a decent lifestyle, but raising the minimum wage won't accomplish that , and instead will end up "crushing many workers possessing only basic skills," according to multibillionaire Warren Buffett.
Luxury-Home Prices Rise at Slowest Pace in Three Years
Prices for the most expensive U.S. homes grew at the slowest pace in three years as wealthy buyers became worried about overpaying following a surge in values, Redfin Corp. said.
Renters Appear More Satisfied in Many Pricey Cities
High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit.
Rising Bank Repossessions Push Up Foreclosure Activity in April
A surge in bank repossessions of properties last month pushed overall foreclosure activity across the United States to an 18-month high, according to a report by industry firm RealtyTrac released on Thursday.
Study: 23 Percent of Adults With Health Coverage Underinsured
Nearly a quarter of U.S. adults who were insured all last year lacked adequate protection from big medical bills based on their income, according to Commonwealth Fund research.
New York Brokerage Executives Indicted for Defrauding Investors
Two brokerage executives have been indicted in New York over charges they defrauded foreign investors out of about $6.5 million through a private offering, New York prosecutors and U.S. regulators announced.
Mortgage Applications Fall as Interest Rates Rise
Applications for U.S. home mortgages fell last week as interest rates rose to their highest level since December 2014, an industry group said on Wednesday.
Study: Student Debt Burden Surging ... for Retirees
You probably have seen plenty of reports about the explosion of student debt and its burden on the young, particularly millennials , those born in the early 1980s and afterward.
Fed's Evans: Rate Hike Not Appropriate Until Early 2016
A hike in U.S. interest rates is not likely to be appropriate until early 2016, Chicago Federal Reserve President Charles Evans said on Wednesday.
Evans, who has long argued for a delay to rate hikes so as not to undermine economic recovery, said that the U.S. central bank...
Corinthian Collapse Sparks Effort to Cancel Student Loan Debt
The bankruptcy of Corinthian Colleges Inc, one of the biggest for-profit college chains, has set off a scramble to find a way to wipe away billions of dollars of student loans for those who attended its campuses.
BofA: Global Fund Managers Cut US Stocks to Seven-Year Low
Fund managers have reduced their holdings of U.S. stocks to the lowest level in seven years, according to a survey by Bank of America Merrill Lynch. Meanwhile, cash levels are the highest in 10 months, an indication of caution among professional investors.
Gallup Economic Confidence Index Rebounds on More Upbeat News
Americans' views of the economy rebounded last week after falling sharply the week before when disappointing economic statistics may have prompted some Americans to question the economy's strength, according to the most recent Gallup economic confidence index.
WSJ's Chen: Real Estate Agents Turn to Big Data to Find Home Buyers, Sellers
The big data craze might have started in the technology industry, but now it's branching out elsewhere, including the real estate sector.
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