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Amid the materials shortages, price hikes and other craziness of the housing market last year, something remarkable happened. U.S. builders completed more apartments in large multi-unit buildings … more
Applications for U.S. unemployment insurance fell, though remained near January levels, suggesting that labor market conditions are moderating. Initial unemployment claims decreased by 2,000 to … more
There is a July 5 deadline to apply for a Small Business Administration federal disaster loan for property damage caused by the severe storms and tornadoes in Bastrop, Grayson, Houston, Jack, … more
About a decade ago, when gas prices last surged above $3 a gallon, Chuck Graff put up a message on the sign at his St. Anthony, Minnesota, gas station: "We Hate Our Gas Prices Too." Early this … more
More than half of consumers in major economies didn’t build up their savings during the pandemic, a survey shows.The research in 18 nations by YouGov Plc, shared exclusively with Bloomberg News. … more
The Round Rock City Council approved an agreement with technology products manufacturer Valex Corporation to bring more than $12 million in capital investments and 75 new jobs to the area over the … more
Sell in May and go away is the tired investing adage. Well, will the investment markets now swoon in June? Talk of an impending recession grew much louder in May even without accompanying economic … more
A shortage of pilots from retirements and pandemic cutbacks has forced Fort Worth-based American Airlines to park about 100 of its smaller regional jets, even amid strong summer passenger … more
Tesla Inc. Chief Executive Officer Elon Musk said the electric carmaker needs to cut staff by around 10%, noting he had a “super bad feeling” about the economy, according to an internal … more
U.S. job openings fell in April from a record in the prior month though remained elevated at roughly double the number of unemployed Americans, suggesting little relief for employers struggling to … more
The Federal Reserve made headlines at its May meeting when it raised interest rates by the single biggest hike since 2000, but another lesser-known decision — albeit a substantially more … more
With inflation surging, the war in Ukraine roiling global markets and the after-effects of the pandemic still clogging supply chains, everyday investors have been jittery. But some had their nerves … more
White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job. Deese, the … more
Two years into a lawsuit involving premium cable network Starz and entertainment giant MGM, a new player has entered the game: Amazon. In March 2022, Amazon completed a $8.5 billion acquisition of … more
Wall Street loves acronyms and nicknames. Consider the "TINA trade," which came into currency as governments struggled to mitigate the fallout of COVID-19. With interest rates low, the … more
Formula isn’t just for babies. April Crohare desperately needs it for her 14-year-old son, Charlie. Due to medical complications from a rare brain disorder called lissencephaly, his only source … more
U.S. labor board prosecutors plan to accuse Inc. of threatening staff that if they unionized it could propose paying them minimum wage and of punishing an employee for seeking a paid … more
A slump in stocks is set to continue in Asia on Thursday after mounting fears of an economic downturn hit US shares and spurred a flight to havens including Treasuries and the dollar. Futures … more
U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation. The value of overall retail … more
Last week, the Federal Reserve announced that it is raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75 to 1.00 percent. The move follows an … more
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