Markets

US housing starts smash July forecasts, surge by the most since 2016

US housing starts jumped 22.6% in July to a seasonally adjusted 1.5 million, the Commerce Department reported Tuesday. The solid report marked the third-straight month of gains and exceeded economists expectations for an increase to 1.25 million. “Housing construction blew past expectations, cementing the industry as one of the solid […]
US housing starts smash July forecasts, surge by the most since 2016
Markets

US stocks slide after a sharp decline in July retail sales

US stocks fell Friday after disappointing retail sales data showed the ongoing economic rebound slowed in July. Investors continue to expect further government stimulus even though talks for the next package are at a standstill. The market will also be watching for news on trade talks, as senior US and […]
US stocks slide after a sharp decline in July retail sales
Markets

US small business sentiment slumped in July as coronavirus cases climbed

US small business optimism fell in July as new coronavirus cases spiked, according to a report released Tuesday by the National Federation of Independent Business. The NFIB’s small business sentiment index fell to 98.8 in July after increasing over the last two months. The median economist forecast was for a […]
US small business sentiment slumped in July as coronavirus cases climbed