May 23, 2024 | Markets
First-time claims declined to 215,000 in week ended May 18 Benefit applications have remained subdued in recent months Initial applications for US unemployment benefits fell last week, remaining subdued as both demand for workers and layoffs ease. First-time...
May 22, 2024 | Markets
Charles Schwab Corp. is planning to roll out an alternative investments platform in phases for individual investors this year. The platform will offer investors access to private equity, venture capital, private credit and long-short exchange funds to start, with one...
May 22, 2024 | Markets
Goldman economists see debt-to-GDP rising to 130% in 2034 Real interest expense will catapult higher over coming decade Goldman Sachs Group Inc. updated its longer-term US fiscal outlook Wednesday, with its new projections seeing a key metric of debt sustainability...
May 22, 2024 | Markets
Contract closings dropped 1.9% to 4.14 million rate last month Median selling price rose to $407,600 – record for any April Sales of US existing homes unexpectedly fell for a second month in April, adding to evidence that the resale market is struggling for...
May 22, 2024 | Markets
Wall Street giant fined $78 million in UK for 2022 trades London staffer’s fat-finger blunder triggered Europe selloff For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. It was a public holiday in the UK, so it should have been...
May 22, 2024 | Markets
U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Home sales slipped 1.9% last month to a seasonally adjusted annual rate of 4.14 million units, the National...
