bessent
Trump Picks Scott Bessent To Be Treasury Secretary
47th President-elect Donald Trump has nominated Scott Bessent to take on the role of Treasury Secretary in his incoming administration.
Alicia Summers
Consumer Confidence Rises Despite Inflation Concerns, Expert Weighs In
Consumer confidence in the U.S. improved slightly in early September, with the University of Michigan’s index rising to 69, beating expectations. Inflation expectations have dropped for four consecutive months,
Daily Feed
The Scoop 8/14/24
Joe Biden celebrates the latest economic reports that suggest inflation is slightly cooling; but many are wary of what “Kamalanomics” may bring. One America’s Zach Petersen has The Scoop.
alerts
Unemployment Claims Increase To Highest Level Since September 2023
A new report has revealed that the number of jobless claims has reached the highest in 10 months.
Alicia Summers
Economic Roller Coaster: Consumer Confidence Dips
Consumer confidence, that’s how people feel about the economy, which is top-of-mind for voters this election, dropped for the third straight month, hitting 97 in April, down from 103 in March. The Expectations Index assesses people’s short-term 6-month outlook based on factors like income, business conditions, and the job market.
brooke mallory
Wells Fargo Estimates That Costco Sells Around $200M In Gold Bars Every Month
At Costco, gold is a hot commodity. The big-box retailer’s yellow metal sales, which started last year, have grown significantly.
Alicia Summers
Jobs Surge Amidst Part-Time Rise: A Snapshot of Today’s Economic Landscape
Today’s jobs report: 303,000 jobs added in March, unemployment down to 3.8%. However, decline in full-time jobs and rise in part-time positions noted.
Daniel Baldwin
Soaring Interest Rates Crushing Home Sale Agreements
New data from Redfin has revealed that more than 16% of home-purchase agreements were canceled in September 2022. This is the highest number since October 2022.
Artemis
World’s biggest bond markets hit by relentless selling
An unrelenting selloff in world government bonds drove U.S. 30-year Treasury yields to 5% for the first time since 2007.