Economic News

Realtor.com Expects Tough 2019 for First-Time Homebuyers 2

As 2019 approaches, it seems that the new year will bring tougher times for both homebuyers and sellers. That prognostication comes from Realtor.com, which just released its 2019 Housing Forecast. With mortgage rates and home prices expected to continue rising, those looking to buy or sell a home in the...

Morgan Stanley Analyst Declares the Bear Market Has Begun 2

Anyone keeping an eye on the stock market over the past week or two is surely seeing red — literally. Following a series of selloffs, the markets have given back all of their 2018 gains so far. Additionally the Nasdaq has been struggling as big tech stocks like Apple, Amazon,...

Dow Drops 600+ Points, Tech Sector Leads Losses

Just under a week ago the markets saw sharp increases after midterms elections resulted in a split congress. However other news has dampened that party, leading the Dow Jones Industrial Average to lose as much as 600 points during today's trading session. While there are many factors fueling the sell-off,...

Markets Up After Midterms Result in Divided Congress

Everyone knows Gordon Gekko's mantra in Oliver Stone's Wall Street: "Greed is good." Well, on the real Wall Street this morning, it seems the motto is "gridlock is good." After a midterm election evening that saw the House of Representatives flip to Democratic control while Republicans improved their standing in the Senate,...

U.S. Economy Adds 250k Jobs in October, Wages Grow YOY

Despite a well reported hiring crunch and the President railing against the Federal Reserve for raising interest rates, October proved to be another strong month for job growth. This morning the Labor Department announced that the U.S. economy added 250,000 jobs last month. That figure comes in a bit higher...

U.S. Economy Sees 3.5% Growth in Third Quarter

The U.S. economy had another strong growth quarter, recording a 3.5% increase in gross domestic product (GDP) during the third quarter. Although this might not be as impressive as the 4.2% growth in Q2, it did come in a bit higher than observer estimates and continues to put President Trump...

Dallas Fed President Defends "Easing Off the Accelerator" Strategy

When it comes to both the worlds of economics and of politics, it seems the Trump v. Fed story has been playing mostly in the background. Still the fact that the President continues to attack the agency — something that's been a rarity for a sitting president up until now...

Gas Prices Fall Slightly as Potentially Volatile Autumn Looms

This week the national average gas price  fell slightly — but that doesn't tell the story of what's shaping up to an interesting time for the oil market. First, according to GasBuddy data, the average gas price now sits at $2.88 a gallon, down 2.6 cents from last week. Meanwhile...