Robert Morse, Chairman of Bridge Investment Group Partners, says the U.S. housing market is recovering and will be able to withstand a modest rate hike.» Read More
WASHINGTON— Figures on government spending and debt.
The two biggest purchasers, China and Japan, both cut back. The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3 percent in July to $6.0 trillion, down from a record $6.01 trillion in June. Japan, the No. 2 buyer, trimmed its holdings by 0.04 percent to $1.22 trillion.
A report from the Census Bureau on Tuesday showed the country's median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant. Congress and the White House raised taxes on most Americans in 2013 while cutting back government spending, and the austerity was a major factor holding back economic growth.
Art Cashin of UBS says stocks are getting a lift from expectations the Federal Reserve will keep its dovish policy stance Wednesday.
HARRISBURG, Pa.— Philadelphia's school system drew nearer to a badly needed infusion of cash with a unanimous Pennsylvania House committee vote Tuesday in favor of a $2- a-pack cigarette tax in the city.
The U.S. Department of Labor is investigating a technical glitch that allowed the partial early release of PPI data, Bloomberg reported.
Look who's finally leaving the roost. Millennials are starting to move out of their parents' houses, opting to rent in many cases.
U.S. corporate executives are scaling back business plans this quarter, consistent with other subdued economic indicators.
ALBANY, N.Y.— New York's attorney general has settled an investigation into false price advertising for Coca-Cola 12- packs by Wal-Mart at 117 stores statewide. The attorney general's office says the retail chain launched a national Father's Day sale in June advertising the 12- packs for $3, but New York consumers were routinely charged $3.50.
The heightened rhetoric comes as Chicago tries to recover millions in health care costs from opioid drugmakers, alleging that companies deliberately misled the public about the risks of their drugs.
Sidecar recently secured $15 million in funding, as it competes with Uber and Lyft. Is the ridesharing bubble about to pop?
The median income for people in the United States remained about flat at $51,900 in 2013.
Randall Stephenson, CEO of AT&T Inc. and chairman of the Roundtable, blamed the decline of the index on Congress' failure to extend temporary tax breaks that encourage research and development and investment spending. Overseas conflicts in the Ukraine and Middle East have also weighed on executives' optimism.
Americans think that the poor are taxed too much and the rich too little, but some states are "fairer" than others, The Fiscal Times reports.
MOSCOW, Sept 16- The Russian central bank sees crude oil prices returning to above $100 per barrel in coming quarters and staying above that mark in 2016-2017, according to the bank's quarterly monetary policy document published on Tuesday.
A CNBC survey shows respondents now see the start of the Fed interest-rate hike in June 2015, up a month from the previous survey.
Traders should be looking for any hint or change of language that gives Yellen the ability to interpret data in a different way.
AMSTERDAM— The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on financial austerity and more on security in light of international conflicts.
FRANKFORT, Ky.— An Australian company is looking to put a facility in Louisville that the company says would create 250 jobs with wages at $20 per hour. Computershare Inc. says it is considering spending $12 million to open a facility in Louisville.
The OECD downgraded its growth forecast for the U.S. but maintained its China outlook. Hans Stoter, Chief Investment Officer at ING Investment Management, discusses the logic behind the move.
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