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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The National Association of Home Builders’ monthly sentiment index surged five points to 74 in December, its highest reading since 1999. Economists had forecast a flat reading at the 70 level. November’s reading was revised down a tick, while builder sentiment turned far more bullish than expected this month. In November, the subindex of current
READ MORETreasury prices fell, pushing yields higher, on Monday on mounting expectations that Congress will pass tax-cut legislation this week. The 10-year Treasury note yield rose to 2.371%, up from 2.353% on late Friday. The 2-year note yield edged higher to 1.848%, from 1.840%. The 30-year bond yield rose to 2.702%, versus 2.685%. Bond prices move
READ MOREThe Empire State manufacturing index fell slightly in December, to a reading of 18 from 19.6 in November, the New York Fed said Friday. Any reading above zero indicates improving conditions, though it’s the third drop in a row.
READ MOREInitial U.S. jobless claims, a tool to measure layoffs, fell by 11,000 to 225,000 in the seven days ended Dec 9. That’s just a few shades above the postrecession low. Economists surveyed had forecast claims to total 235,000. The more stable monthly average of claims slipped by 6,750 to 234,750, the government said Thursday The
READ MOREThe U.S. import price index jumped 0.7% in November, once again spurred by rising oil prices. Excluding fuel, import prices were unchanged, the government said Thursday. The increase in import prices over the past 12 months rose to 3.1% from 2.3%. If fuel is omitted, the increase in import prices over the past year was
READ MOREU.S. retail sales increased more than expected in November. The holiday shopping season got off to a brisk start, pointing to sustained strength in the economy. The Commerce Department said on Thursday that retail sales rose 0.8 percent last month.
READ MOREThe Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations after the central bank in November raised the rate for the first time in a decade. The Monetary Policy Committee voted 9-0 to leave the rate steady. The central bank left unchanged the size of its asset purchase
READ MOREThe European Central Bank on Thursday made no changes to policy, keeping its deposit rate at negative 0.4% and its main refinancing rate at 0%. The bank reiterated its guidance that rates will “remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.” The
READ MOREChina’s central bank followed a U.S. interest-rate increase with its own move Thursday to blunt the effect of higher U.S. rates on the Chinese economy, which cooled again in November. The People’s Bank of China on Thursday raised two key short-term interest rates. Economists say they expect the world’s second-largest economy to struggle against soaring
READ MOREThe Federal Reserve on Wednesday lifted a key U.S. interest rate and struck a wait-and-see stance that takes into account weak inflation and a change in leadership at the central bank. The central bank as expected on Wednesday raised its benchmark federal-funds rate by a quarter percentage point to between 1.25% and 1.5% — the
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