Walmart and Home Depot results reveal US consumers are becoming more selective, cutting back on average spending per trip while selectively splurging. While Walmart benefits from affluent households …
Veteran strategist Jim Paulsen warns that U.S. equities face extreme valuation risks, with the S&P 500 sitting 60% above its historical trend line. As macroeconomic momentum weakens and investor comp…
Asian and European equities rose as weak US economic data reduced expectations of a Federal Reserve interest rate hike, despite recession concerns. The dollar weakened, and oil prices dipped amid geo…
The July jobs report showed a surprise loss of 23,000 jobs, significantly missing expectations of an 83,000 gain. Previous months were also revised down heavily, and the participation rate hit a five…
Weak U.S. retail sales data pushed the dollar lower and reduced odds of a September Fed hike. Meanwhile, reports the BOJ may hike rates in September strengthened the yen, adding to dollar weakness ac…
US retail sales fell 0.6% in July, missing expectations, partly due to Amazon's Prime Day shifting to June. Weaker consumer spending data raises economic growth concerns and could influence Fed rate …
Existing home sales fell 1.7% in July, worse than expected, as mortgage rates climbed to 6.66% and prices rose to $434,100 median, signaling a frozen housing market and potential economic slowdown.
Gold jumped 3% to near $4,400 as the US economy shocked markets by losing 23,000 jobs in July, causing bets on a Federal Reserve rate hike to collapse. The weak data also pushed Treasury yields and t…
The July jobs report showed a surprise decline in nonfarm payrolls and a downward revision of previous months, tempering expectations of aggressive Federal Reserve rate hikes.
The U.S. labor market unexpectedly shed 23,000 jobs in July, missing forecasts of a 95,000 gain. This significant miss signals potential economic weakness, putting downward pressure on the USD and up…
Stock futures rose sharply after the July nonfarm payrolls report revealed a surprise job loss of 23,000, significantly missing the expected gain of 95,000. This weak labor market data spurred hopes …