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CNBC Economic News

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URL: https://www.cnbc.com/economy/
Updated: 16 min ago

Homebuilder sentiment ticks up slightly, as housing shortage intensifies

Tue, 07/16/2019 - 07:00
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

Tue, 07/16/2019 - 06:37
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics.

Signs point to the trade war dragging on as China strikes hard-line tone

Tue, 07/16/2019 - 06:36
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.

US industrial production was unchanged in June

Tue, 07/16/2019 - 06:15
U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.

More middle-class families say the 'American dream' is out of reach: Study

Tue, 07/16/2019 - 06:00
More middle-class families now say the American dream is out of reach.

US import prices post the biggest drop in 6 months

Tue, 07/16/2019 - 06:00
U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods

US retail sales beat expectations in June

Tue, 07/16/2019 - 05:30
U.S. retail sales increased more than expected in June, pointing to strong consumer spending.

Half of the companies that have reported earnings so far say the strong dollar is hurting them

Mon, 07/15/2019 - 06:52
Of the S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind.

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years

Mon, 07/15/2019 - 06:08
The New York Federal Reserve said its gauge of manufacturing growth in New York state returned to positive territory, suggesting regional activity was expanding again.

Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess

Fri, 07/12/2019 - 07:59
The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess.

US producer prices rose slightly in June, while the cost of goods declined

Fri, 07/12/2019 - 05:30
U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month.

Peter Navarro says don't believe China or US press, calls Wall Street Journal stories 'garbage'

Fri, 07/12/2019 - 04:42
White House trade advisor Peter Navarro said media reports on the U.S.-China trade talks are not reliable.

The Fed chairman says the relationship between inflation and unemployment is gone

Thu, 07/11/2019 - 07:45
Federal Reserve Chairman Jerome Powell said the relationship between unemployment and inflation has collapsed.

Wall Street banks are bailing on troubled American farmers amid US-China trade war

Thu, 07/11/2019 - 07:35
In the wake of the US housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.

Trump says China is 'letting us down' by not buying US farm products during trade talks

Thu, 07/11/2019 - 07:11
If China does not buy U.S. crops, it could bode poorly for a U.S.-China trade deal as Washington has said it expects Beijing to purchase agricultural products.

US core inflation posts biggest gain in nearly 1 1/2 years

Thu, 07/11/2019 - 05:31
U.S. underlying consumer prices increased amid solid gains in the costs of a range of goods and services.

US weekly jobless claims fall to 3-month low

Thu, 07/11/2019 - 05:30
First-time claims for state unemployment benefits were expected to total 223,000 in the most recent week, up marginally from the 221,000 claims reported for the previous week.

A giant manufacturer just gave a glimpse into this earnings season as it tanks on tariff costs

Thu, 07/11/2019 - 05:15
For those who don't see China trade war hurting the U.S., a $17 billion industrial distributor sounds alarms on tariff costs and related inflation.

France approves digital tax on American tech giants, defying US trade threat

Thu, 07/11/2019 - 03:24
President Trump ordered an investigation into France's planned "digital tax" on tech companies on Wednesday.

Fed Chair Powell's job is safe 'at the present time,' Larry Kudlow says

Tue, 07/09/2019 - 05:43
The Trump administration is making "no effort" to remove the Fed's Jerome Powell, top White House economic advisor Larry Kudlow said on Tuesday.

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