Demand for new homes down 86% since last year
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Diana Olick, joins ‘The Exchange’ to discuss housing prices rising as...
More Americans live paycheck to paycheck as inflation outpaces income
As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget. As of September, 63% of Americans were living...
Business activity slows on surging energy costs
Business sentiment in the euro area dropped once again ahead of an ECB meeting where President Christine Lagarde is expected to raise rates again. Anna...
Amazon founder Jeff Bezos warns it’s time to ‘batten down the hatches’
Amazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the economy, cautioning that rougher times are likely ahead....
Mortgage demand drops to a 25-year low, as interest rates climb
Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise....
An often-overlooked economic measure is signaling serious trouble ahead
Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday...
Fed’s Harker sees ‘lack of progress’ on inflation, expects aggressive rate hikes ahead
Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be...
Goldman on how gold prices could perform under 4 economic scenarios
Gold has had a choppy year — but Goldman Sachs says the precious metal’s upside potential is currently significantly greater than the downside risks. Gold...
Dow closes 800 points higher after a historic one-day turnaround
Stocks staged a massive comeback Thursday, with the Dow Jones Industrial Average surging 1,500 points from its lows to the highest level, as traders shook...
Social Security COLA will be 8.7% in 2023, highest increase in 40 years
Azmanjaka | E+ | Getty Images Amid record high inflation, Social Security beneficiaries will get an 8.7% increase to their benefits in 2023, the highest...