Tag: U.S. Economy
Next global financial crisis is not ahead: UBS U.S. chief economist
Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS ch [...]
Thanksgiving dinner, turkey are cheaper this year
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.M [...]
Adjustable-rate mortgage demand jumps as buyers struggle
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesAs mortgage rates hover near the highest level in more than tw [...]
‘The bond vigilante is coming back,’ UBS strategist says
The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, [...]
Housing market is painful, ugly, anxious with 8% high rate
Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buy [...]
Architects report big drop in business
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty ImagesArchitecture firms reported a sharp [...]
Homebuilder sentiment drops to 10-month low, as mortgage rates soar
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder conf [...]
Dollar General stock jumps after it brings back former CEO
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.Brandon Bell | Getty ImagesDollar General's former CEO [...]
Mortgage rate heads toward 8%
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 202 [...]
New home sales fall in August
Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Burea [...]
UPS to hire 100,000 holiday workers with Teamsters pay bump
A UPS worker sorts packages in New York on Dec. 18, 2017.Adam Jeffery | CNBCUPS plans to hire more than 100,000 seasonal workers again this year to su [...]
White House officials not going to Detroit for auto talks
A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Sept. 15, 2023.Bloomberg | Blo [...]
Americans plan to cut spending through holidays, survey says
U.S. consumers have cut back on spending this year, and they plan to continue to do so through the holidays, a new CNBC-Morning Consult survey has fou [...]
McDonald’s advocacy group criticizes new California fast food bill
A McDonald's fast food restaurant is seen in Belmont, United States on April 03, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesAfter California la [...]
Why Stellantis could face a longer UAW strike than Ford or GM
Supporters cheer as United Auto Workers members go on strike at the Ford Michigan Assembly Plant on September 15, 2023 in Wayne, Michigan. Bill Puglia [...]