Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Consumers 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.
READ MOREIndustrial production in April grew at the fastest monthly rate in more than three years, on the back of broad-based gains in the manufacturing sector. The Federal Reserve said Tuesday that industrial production grew 1% in April, topping the MarketWatch-compiled economist consensus for 0.5% growth. This is the fastest pace of growth since February 2014.
READ MORETop economists at the European Central Bank (ECB) said they were becoming less likely to continue loose monetary policy, according to minutes from the latest monetary policy meeting. The minutes said the central bank was “less likely” to opt for “further accommodation” because of the strengthening of the European economy. The minutes also revealed the
READ MORESo-called continuing claims, or the number of people collecting jobless benefits, fell by 22,000 to 1.9 million in early May. That’s the lowest level in 29 years. initial jobless claims fell by 4,000 last week to 232,000. That’s the second lowest weekly reading during the current economic recovery that began almost eight years ago
READ MORE
