Even MAGA zealot Megyn Kelly has conceded that President Donald Trump's closing message lapsed into incoherent nonsense.Trump, 80, gave a speech outside the Lincoln Memorial Reflecting Pool on Monday, less...
WASHINGTON >> U.S. job openings surged in September while layoffs fell to the lowest level in 1-1/2 years, supporting economists’ views that the labor market remained on firmer footing despite tepid employment gains during that month.
Analysts are warning that a strong Democratic showing in today’s midterms could drag down markets as investors brace for tougher tech oversight and tenser fiscal negotiations. They also acknowledge it’s...
Welcome to Foreign Policy’s China Brief. The highlights this week: China grapples with a slowly deflating artificial intelligence bubble, officials in Beijing keep their eyes on the U.S. midterms, and China...
Most economists expect the latest unemployment figures to show the labour market has finally turned a corner. Stats NZ is releasing its latest quarterly data at 10.45am. Westpac is picking a fall from 5.6%...
Well... they can't all be winners. It seems as if rates could do no wrong over the past 3 days with each marking the lowest level in more than a month for the average top tier 30yr fixed rate. Today wasn't a winner, but it wasn't exactly bad. Apart from the past 3 days, today would still have been the lowest rate in more than a month, and it was only 0.03% higher to boot. So what happened? First off, when we're talking about a 0.03% change day-over-day, it's not particularly important to investigate causation because that level of movement falls in the incidental category. Nonetheless, there was some obvious motivation this morning in the form of stronger economic data. Job openings data for the month of September was released today. It was the highest in 4 months and quite a bit higher than expected. All else equal, stronger labor market data tends to put upward pressure on rates. Tech stocks were also modestly higher today, and weakness in the tech sector has been a key factor driving persistently lower rates over the past several weeks.
ByIsabel Danzis, Laura Romero and Beatrice Peterson 3 hours and 13 minutes agoVoters in key states grapple with severe weatherElection officials in several key states like Florida, Arizona and Utah are...
Mortgage rate movement was largely flat in the past week, with the downward momentum of previous weeks cooling off even as more potential homebuyers have been incentivized to seek financing. At HousingWire’s...
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The Reserve Bank's fifth interest rate hike this year will mean mortgage borrowers already under financial pressure will need to find extra savings each month to meet repayments. It is particularly tough for those out of work or dealing with large mortgages.
Cboe Joins Capital Markets Alliance Challenge to CFTC Approval of Single-Stock Perpetual Derivatives Cboe Joins Capital Markets Alliance Challenge to CFTC Approval of Single-Stock Perpetual...
Support WBURHere & Now NewsroomNovember 03, 2026Economic concerns are weighing on voters as Americans experience vastly different financial realities, a divide often described as a K-shaped economy.Here...
Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare.
The Greater Baton Rouge Economic Partnership has selected a top Louisiana Economic Development official as its next permanent leader.Paige Carter, LED’s chief business development officer, will take over as...
President William Lai (賴清德) yesterday touted Taiwan’s economic resilience, with the stock market ranking fourth globally and assets under management reaching NT$48.38 trillion (US$1.48 trillion), and pledged to further develop and internationalize the nation’s financial markets.Speaking at the Taiwa
Unemployment expected to hold around 5.6 percent -- data due 4 November, 10.45amEconomic activity dampened by weak demand and higher costs slows job creationGrowth in workforce or seeking more work matching...
Nelson Mompierre (L), from Coastal Wealth, speaks with Maximilian Kegley-Oyola about job opportunities during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on September 25, 2026 in...
El Niño doesn't just affect the weather, it brings chaos to markets all over the world by creating drought, which limits food resources, which drives up import and grocery prices. It's what's called a "ripple...
The Pound Sterling (GBP) steadies against the US Dollar (USD), up a modest 0.10% on Tuesday, as investors await the results of the US midterm elections. US factory data and a stronger-than-expected US JOLTS report boosted the Greenback, trimming its earlier losses.
Prior factory orders +0.1%Factory orders excluding transportation +0.5% vs +0.3% priorDurable goods orders revisions +1.9% vs +1.8% prelimDurable goods excluding transportation revisions +0.5% vs +0.5% prelimDurable goods excluding defense +2.3% vs +2.2% prelimNondefense capital goods orders excluding aircraft +0.6% vs +0.5% prelimThis is a decent report and shows some momentum in factories but it's overshadowed by a jump in the JOLTS number released at the same time. US yields are moving higher in the aftermath of both and USD/JPY is at the highs of the day at 158.37.For background, the US Census Bureau’s factory orders report, formally the full report on Manufacturers’ Shipments, Inventories and Orders, is released monthly at 10 am ET, about five weeks after the reference month ends. It arrives roughly a week after the advance durable goods report and expands on it by adding nondurable goods. The headline figure is the monthly change in total new orders for manufactured goods. Nondurables include petroleum and coal products, chemicals, food, paper and plastics. For most nondurable industries, orders are essentially equal to shipments because products aren’t built to order with a backlog. That means swings in oil and commodity prices feed straight into the nondurables figures, since refined petroleum products make up a large share. Markets also look at factory orders excluding transportation, which strips out the volatile aircraft and motor vehicle categories. The report includes revised durable goods data, which sometimes differ meaningfully from the advance estimates. Economists pay close attention to revisions to core capital goods orders and shipments, nondefense capital goods excluding aircraft. Shipments of those goods feed into the equipment investment component of GDP, and the revised figures can shift growth estimates. The release also covers manufacturers’ inventories, unfilled orders and the inventory-to-shipments ratio. These offer a read on whether factories are building or drawing down stock and how much work they have in the pipeline. Because most of the durables data are already known and nondurables largely track commodity prices, factory orders rarely move markets. Its value is in completing the manufacturing picture and providing the revisions that feed into GDP tracking.
Trade relations between the United States and Africa have come under increasing pressure as Washington reassesses its economic and diplomatic ties with countries across the...
Voters in California are deciding whether to enact a tax on the state's wealthiest residents, following a campaign that has split traditional allies and shattered spending records for a tax-related measure in California.