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Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months
READ MORELast month The University of Michigan’s Consumer Sentiment Index had a final reading of 96.9 for March, with consumers’ attitudes remaining “quite favorable,” data showed. However, the final reading came in below economists’ expectations, disappointing those who had been monitoring the numbers closely.
READ MORETreasury yields rose Friday as investors looked past a weak first-quarter U.S. growth to focus on a rise in the Federal Reserve’s favorite inflation measure, heightening expectations of a June rate increase.
READ MORENew orders for U.S. durable goods rose 0.7% in March to mark the third straight gain, though demand was inflated by new bookings for fighter planes and passenger aircraft.
READ MOREThe number Americans who recently lost their jobs and sought unemployment benefits rose last week to a one-month high, though the increase appeared largely concentrated in New York state. Initial jobless claims jumped by 14,000 to 257,000, the Labor Department said Thursday.
READ MOREEuropean Central Bank left interest rates unchanged and made no adjustments to its monetary guidance.This guidance disappointed some traders who had bet that it might signal that interest rates could soon rise, despite the central bank’s warnings to the contrary.
READ MOREAn early look at U.S. trade patterns in March shows a 1.4% widening in the nation’s trade deficit. The trade gap in goods—services are excluded—widened to $64.8 billion in March from $63.9 billion in February, the government said Thursday in its advanced report. This widening of the deficit only partially reversed a sharp narrowing in
READ MOREA gauge of pending home sales declined in March as inventory continued to tighten. The National Association of Realtors’ index fell 0.8% to a reading of 111.4, the group said Thursday.
READ MOREThe Atlanta Fed’s tracker for first-quarter growth forecasts a mere 0.2% increase after the latest round of economic data. The 0.2% growth would be the worst showing in three years. The Atlanta Fed’s GDPNow tracker was previously pointing to 0.5% growth. The Commerce Department releases its first estimate of first-quarter GDP on Friday
READ MORETreasury Secretary Steve Mnuchin confirms Trump administration aims to lower the corporate tax rate to 15 percent, saying a forthcoming proposal will constitute the ‘biggest tax cut’ for Americans in history.
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