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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The number of people receiving jobless benefits fell to the lowest level in 28 years, the Labor Department said Thursday, a further sign of a healthy labor market. Initial claims slipped 2,000 to a seasonally adjusted 236,000 for the week ended May 6, the Labor Department said on Thursday. Claims have now been below 300,000,
READ MOREJune Consumer Confidence 118.9 vs. estimates of 116.7Consumer and business confidence, which spiked after the election, has remained near these high levels, though both readings have gotten less attention from markets of late as the story there hasn’t changed. Additionally, both these surges were seen as potential harbingers of increased consumer spending or business investment,
READ MORETreasury prices slipped, pushing up yields, after producer prices rose and continued jobless claims sank to its lowest levels in more than 28 years, setting up the Federal Reserve to hike rates in preparation for higher inflation.
READ MOREConsumers continue to shift shopping patterns online. Sales at U.S. retailers rose in April, and March sales were stronger than originally estimated, painting a stronger picture of American consumers than previously reported. Retail sales increased 0.4%, the Commerce Department said Friday, and were 4.5% higher compared to a year ago. A 0.2% monthly decline for
READ MOREAn early look at U.S. trade patterns in May points to a small decline in the nation’s trade deficit. The advanced trade gap in goods — services are excluded — fell by 1.8% to $65.9 billion in May
READ MORECore index up 0.1%, softer than expected U.S. consumer prices rebounded in April, bolstering the Federal Reserve’s case for continued interest rate hikes. The consumer price index rose a seasonally adjusted 0.2% in April because of higher energy costs, the Labor Department said Friday. This followed a 0.3% drop in the prior month. Energy prices
READ MOREHome purchase contract signings declined again in May, another sign of the headwinds working against momentum in the housing market. The pending home sales index from the National Association of Realtors slid 0.8%, marking the third-straight monthly decline. The index hit 108.5 in May and its April level was revised lower. It was lower compared
READ MOREThe U.S. central bank can keep raising interest rates with the labor market at full health and inflation on track to stabilize at 2%, said Philadelphia Fed President Patrick Harker on Friday. “Overall, things are looking good,” Harker said in a speech to the Urban Economic Policy Conference at Drexel University. “We’re essentially at normal
READ MOREThe pace of home construction eased in April as builders took a breather after a strong start to the year. Housing starts ticked down 2.6% to a 1.17 million annual pace, the Commerce Department said Tuesday, and stood just 0.7% higher than in the same month last year. Permits fell 2.5% to a 1.23 million
READ MORECPI measure of inflation went up to 2.7 percent in April, latest figures show. Increased from 2.3 percent the previous month amid squeeze on consumers. The figure represents the highest CPI inflation has reached since June 2013.
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