US housing market reaches record $55.1 trillion
Posts published in “Business”
Last Week In A Nutshell Weak labor market data indicates that the economy is at risk of a recession, meaning the Fed needs to start cutting rates next week. But the bottom hasn’t fallen out of the economy yet, so the Fed can afford to take it slow...
The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership rate may be tied to the rising Black unemployment rate, which sits at 7.2%—the highest level since 2021. The Black homeownership rate fell to 43.9% in the second quarter—the lowest
Costco Wholesale Corporation (COST) reported a robust financial performance for its fourth quarter of fiscal 2025 with net sales reaching $84.4 billion, an 8% increase from $78.2 billion last year...
The Australian Dollar (AUD) starts the week on a positive note against the US Dollar (USD), with AUD/USD trading around 0.6590, up approximately 0.5% over the session, following upbeat Chinese trade data and a weakening of the Greenback due to softer employment indicators and rising expectations of...
China Foreign Exchange Reserves (MoM) rose from previous $3.292T to $3.322T in August...
United States CFTC Oil NC Net Positions: 102.4K vs previous 109.5K...
United States CFTC Gold NC Net Positions up to $249.5K from previous $214.3K...
The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump’s trade war with the...
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut...