Shares of mortgage giants Fannie Mae and Freddie Mac soared on the news.
MixedTimes - John Carney
Stock market sell-off, government shutdown, and concerns about future growth pulled consumer sentiment down to lowest level of Trump presidency.
Lighthizer still opposes giving in but President Donald Trump is reportedly pressuring him to get a China deal done.
Jobless claims fell last week.
Charles Grassley said Tuesday that the U.S. has seen no progress on crucial issues in trade talks with China. Senator Grassley said his information was based on a report fromUnited States Trade Representative Robert Lighthizer.
December price data defy predictions that tariffs would push price levels higher.
Volkswagen is making a big bet on mass-market electric vehicles.
Regulators gave banks the greenlight to help out borrowers while the government is shut down.
Consumer prices on many items subject to tariffs actually fell in December, defying predictions that the trade war would weigh on American consumers.
Inflation is still very tame and even seems to be slowing down.
The big question is how much the slowdown around the world becomes a drag on U.S. growth.
Despite the tax cuts and falling payments from the Fed, government receipts are up compared with a year ago.
What if they held a shut down and no one noticed?
Powell wanted to reassure markets that the Fed wouldn't blindly march into higher rates.
Jobs boomed in the last month of 2019. Wages pushed higher. And the workforce expanded as more Americans sought employment in the season to be jolly.
Manufacturing continued to expand in December but optimism about the coming year fell, according to a survey of manufacturers.
Another "fear itself" day pounds stocks.
For the first time since the 2013 government shutdown, economic pessimists outnumber optimists.
China said it will cut its tariff on American made cars from 40 percent to 15 percent.
Much better number than expected.
Weekly claims can be volatile but this suggests that the spike in claims around Thanksgiving was a statistical illusion.
They keep saying tariffs are taxes on American consumers and forcing prices higher. And every month inflation data shows that is not true.
No signs of inflation for November. And no signs that tariffs are raising prices either.
The third monthly decline from a very elevated level of optimism.
Over the weekend, a group of unidentified burglars broke into the home of the arrested Huawei executive. Police have not arrested any suspects.
The top U.S. trade negotiator took a hardline on Sunday, saying that if a deal is not reached by March, China tariffs will rise to 25 percent.
A very tough end to a week of turmoil on Wall Street.
Consumers head into the holidays feeling very good about the economy but a bit worried about what the future holds.
Continuing claims, a measure of pain in the economy, also fell. Despite lots of talk about tariffs, there are no signs these are holding back the labor market.
After several hours of confusion and conflicting reports, Larry Kudlow made it clear Monday that U.S. Trade Representative Robert Lightizer will run the next stage of China talks.
The mainstream media has been accusing Republicans of 'dog-whistle' racism for a very, very long time.
American farmers have been hit by China's retaliatory tariffs on U.S. soybeans. Nonetheless, farmers are sticking by the president and his Make American Great Again agenda.
One of the last pieces of economic data before the midterms shows the Trump boom is still resounding across the land of the free and the home of the brave.
The midterm elections are just a few days away and the financial media is starting to warn about what could happen if Democrats win big on Tuesday.
The United States has not seen an October this strong for manufacturing employment since before the turn of the century.
Winning...Big League! The Economy Created 250,000 Jobs in October, Wages Rise More Than 3% for First Time Since Recession
The American labor market is stronger than it has been for generations.
"We will not allow our sovereignty to be disrespected, our intellectual property to be stolen, or our people to be robbed of their hard-earned prosperity," Jeff Sessions said.
Layoffs remain ultralow, defying predictions that the trade war with China would weigh on the U.S. labor market.
Investors #DUMPKELLOGGS: Kellogg's Shares Have Their Worst Day in 20 Years after Profits and Sales Crash
Kellogg's stock was down as much as 9.6 percent in morning trading,
Private sector pay gains rose 3.1 percent in the most recent quarter.
A big bounce after Monday's big stock sell-off.
Farm deflation could pressure the Fed to back off on interest rates.
The labor market looks very strong right now and there are no signs tariffs are costing jobs.
Higher wages will not be good for corporate earnings, even though they may be necessary to sustain our economic expansion.
Fed officials have arrested a Treasury employee they say leaked confidential banking reports on Paul Manafort and others to a reporter.
Spending jumped higher in 2018, so the budget deficit is higher despite a rise in tax revenue. There are no signs that this poses a risk to the Trump boom.
Mobs chasing Trump allies out of restaurants may have convinced some Trump supporters to stay at home in September.
Confidence in Economic Policy Rises to Highest Level in 15 Years Even While Overall Consumer Sentiment Slips
Consumer sentiment slipped a bit in early October but remains above its average for the year.
Inflation Rises Less than Expected in September, Once Again Showing Tariffs Are Not Hurting Consumers
Prices on everything from trucks to soup keep defying predictions that Trump's tariffs would raise be a tax on consumers.
Guess where Adidas makes shoes sold in China.
Lifting the summer cap on ethanol puts the administration at odds with the oil industry and environmentalists.
Economists had expected just 185,000 private jobs in September. Instead, the economy added 230,000.
The bigger significance of the new trade pact with Mexico and Canada may be how it strengthens the U.S. in its confrontation with China's predatory mercantilism.
Manufacturing Is Unexpectedly Booming in Maryland, Virginia, West Virginia, North Carolina, and South Carolina
The Richmond Fed's manufacturing survey shows surprising strength in September.
The U.S and Mexico are close to moving ahead with a new version of the North American Free Trade Agreement without Canada, U.S. Trade Representative Robert Lighthizer said Tuesday.
Rising uncertainty and escalating tariffs did not stop Texas businesses from continuing to expand in September. Many Texas businesses are feeling the impact of tariffs, according to the Federal Reserve Bank of Dallas’ “Texas Business Outlook Survey” released Monday.
The new records come just days after the Trump administration announced that it was placing tariffs on an additional $200 billion of Chinese goods.
A week ago, JP Morgan Chase chief Jamie Dimon bragged that he was smarter than Donald Trump. On Monday, Gary Cohn said Dimon would make a spectacular president.
Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers.
Former Goldman Sachs executive Gary Cohn talked the president out of a plan to raise taxes on top earners in exchange for a lower corporate rate.
The latest data suggests that the Trump economic expansion is still running strong.
Tariffs were predicted to be a drag on productivity. Instead, U.S. worker productivity saw the biggest quarterly increase in three years after the Trump administration implemented steel and aluminum tariffs.
"It would be a giving up of our sovereignty and our identity and that is something that we will simply not accept," Justin Trudeau said at a press conference.
When Trump ordered a staffer to draft a letter to take the U.S. out of NAFTA, Gary Cohn proposed to pilfer the letter from the president's desk to keep him from signing it.
One month after Apple rose above the $1 trillion mark, Amazon becomes the second company to pass the milestone.
Remember when they said tariffs would raise the prices of beer, soup, and canned food? The latest data shows that prices are actually falling.
Shares of traditional U.S. automakers were some of the best performers of the day. General Motors was up 4.8 percent. Ford rose 3.2 percent. Goodyear Tire & Rubber rose 3.27 percent.
The government has now won in ten different courts and lost in none. Yet the hedge funds still persist in their quest for a windfall from investments in Fannie and Freddie.
The lower than expected sales figures are a sign the housing marketis cooling off
The number of Americans filing for unemployment benefits unexpectedly fell last week.
The China doves got turned to ashes and dust when earlier trade talks hit a dead end, according to an administration official.
Elon Musk quoted an enigmatic passage from T.S. Eliot's "The Wasteland." So what is he trying to tell us?
The results show that strong demand for housing from Americans, fueled a stronger economy and very low unemployment, is more than enough to offset the impact from higher materials costs and alleged labor shortages.
"The President has highlighted a key consideration for American companies and, importantly, American investors and their families," Jay Clayton said.
Trump said he has been told by top business leaders that ending quarterly reporting would improve business and create jobs.
"If you don't have a 'breakthrough,' as you call it, don't do the deal. " Trump said. "If you can't make the right deal, don't make it.
From George Washington to Thomas Jefferson to Andrew Jackson to Calvin Coolidge, America's greatest leaders backed tariffs.
Data released Wednesday showed the American economy is gaining strength, American consumers remain confident, and American workers are becoming more productive.
Hint: If we were desperately short of workers, wages would be rising.
They said it couldn't be done. They mocked Trump for even trying. Now economists agree that we're in a 3 percent growth economy.
Jobless Claims Unexpectedly Fell and Inflation Ticked Down, Suggesting Strong U.S. Economy Unfazed by Trade War
Jobless claims unexpectedly fell last week and price data suggests inflation is still muted.
Wall Street is skeptical about Musk's claim that the financing to take Tesla private has already been secured. But Musk might be right.
Elon Musk may be considering taking Tesla private for all the wrong reasons.
Seventy-one percent of business owners support additional tariffs on imports from China. Even tariffs on Canada win majority support.
Inflation is low. Jobs are plentiful. Savings are solid. Spending and incomes are rising. It's a very good summer to be an American.
But with few signs of acceleration, there's no need to fear inflation.
And tariffs will barely be felt by the American economy.
"A Federal Housing Finance Agency staffer accused FHFA Director Watt of repeatedly making inappropriate sexual advances when she tried to discuss career and salary concerns," Politico reported Friday.
"He's nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year," Eisenman told Bloomberg.
"This bolsters Trump's argument that being tough and aggressive--and, yes, using tariffs where required--can get you to the negotiating table," Kudlow said.
"Mr Trump is the US first president for more than 40 years to bashChinaon three fronts simultaneously: trade, military and ideology," writes the head of the European Council on Foreign Relations.
"Global debt markets are flashing a bullish signal on America’s economic trajectory, leaving Europe and emerging markets in the dust," Bloomberg reports.
In breaking with the Rubin Rule, Trump is harkening back to the tactics of President Ronald Reagan, a frequent Fed critic.
China has historically not had as open of a market, and that needs to change," Blackstone president and Chief Operating Officer Jonathan Gray said Wednesday.
Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs.
Although wealthier consumers appear to be deeply concerned over tariffs, the overall expectations index improved in early July, rising to 86.4 from 86.3, according to the survey.
BMW spokesman Ken Sparks told theHerald-Journalof Spartanburg the company's new deal with China won't affect Spartanburg production.
The economy is doing so well that a bit of trade friction would not be bad. If it ever develops into a drag on the economy, it will simply balance out the boom created by the rise in confidence and the fall in taxes.
"Why would we need a fight on Capitol Hill over a new law for powers we already have?" a person who is familiar with the thinking inside the White House said.
Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.