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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally adjusted annual rate of 569,000. That was well below the consensus forecast of a 610,000 annual pace, but was offset by sharp upward revisions to
READ MOREA pair of surveys of American businesses in May shows the U.S. economy is still growing steadily, though manufacturers that provide many blue-collar jobs have cooled off in the past few months. IHS Markit said its manufacturing PMI slipped to 52.5 this month from 52.8, marking an eight-month low. Manufacturers saw a surge that began
READ MOREMinneapolis Fed President Neel Kashkari on Tuesday sounded in no hurry to raise short-term interest rates. Kashkari, who was the lone dovish dissenter against a March rate hike, told reporters recent soft inflation readings were “concerning” and said there still might be room to lower the unemployment rate without sparking price pressures
READ MORESales of previously-owned homes sputtered in April after a supercharged first quarter, as lean inventory continued to constrain demand. Existing-home sales ran at a seasonally adjusted annual rate of 5.57 million, the National Association of Realtors said Wednesday. That was a 2.3% decline from March’s selling pace, which was revised down a tick but still
READ MOREThe number of Americans applying for unemployment benefits rose slightly in late June but still remained extremely low, reflecting the strength of a U.S. labor market that shows no sign of wilting.
READ MOREAmericans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Marketwatch forecast of economists.
READ MOREFederal Reserve officials were in broad agreement at their meeting on May 2-3 on a general approach to shrinking the bank’s massive balance sheet, according to minutes of the session released Wednesday. Nearly all Fed officials said they were content with a plan to end the reinvestment of principal of maturing securities – the main
READ MOREThe number of Americans applying for and receiving unemployment benefits continue to drop to levels last seen nearly a half century ago, a sign the U.S. labor market remains quite robust eight years into an economic expansion. Initial jobless claims rose by 1,000 to 234,000 in the seven days stretching from May 14 to May
READ MOREThe advanced U.S. trade deficit in goods widened by 3.8% in April, while retail investors were down 0.3%.
READ MOREFederal Reserve Board Governor Lael Brainard said Thursday there is now less risk to the U.S. economy due to a healthier global economy. “As I look out at the global economy today, it is brighter than it has been probably for the last few years,” Brainard said. The euro-area is growing more solidly, the Fed
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