Listen Live:
Saturday’s: 9AM
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K-EARTH 101 FM
Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 6:30AM
K-EARTH 101 FM
The 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
READ MOREThe meager increase in spending took place against a backdrop of slowing inflation. The PCE index, the Federal Reserve’s preferred inflation gauge, fell 0.1% to mark the second decline in three months. What’s more, the 12-month rate of inflation tapered off to 1.4% in May from 1.7% in the prior month and a five-year high
READ MOREThe Chicago Purchasing Managers Index was at 65.7 in the month, blowing past economists’ estimates. Economists polled had expected a reading of 58.0, down from the 59.4 reading reported a month earlier. A reading above 50.0 indicates expansion in the economy.
READ MOREOrders for long-lasting goods such as planes and appliances fell in April for the first time in five months, suggesting that a resurgent U.S. manufacturing industry has cooled off a bit. Durable-goods orders dropped 0.7% last month amid weakness in most key segments of heavy industry. The decline follows four straight increases, including a revised
READ MOREJune ISM Manufacturing 57.8 vs. estimates of 55.2. Treasury yields ticked lower, but market activity was muted overall, as the July 4th weekend left trading desks lightly staffed. The Securities Industry and Financial Markets Association recommends bond markets to close early at 2 PM Eastern on Monday.
READ MORETurns out the U.S. economy wasn’t totally asleep in the first three months of 2017: the government raised the growth rate to 1.2% from its original 0.7% estimate.
READ MORENationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider CoreLogic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time homebuyers, it is not such a pretty picture.
READ MOREConsumer sentiment ticked up fractionally in May as Americans grew more optimistic about economic growth – but more pessimistic about current conditions. The University of Michigan’s closely-watched confidence tracker rose to 97.1 from 97.0 in April. It had touched 97.7 in a mid-May reading, and economists surveyed expected no change from that reading for the
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