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The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% in Februarydown from January’s 0.4% monthly increase. "Shelter inflation remains in a disinflationary trajectory, which will be a welcome development for those hoping for further progress on inflation," Jeff Schulze, head of economic...

The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% in Februarydown from January’s 0.4% monthly increase. "Shelter inflation remains in a disinflationary trajectory, which will be a welcome development for those hoping for further progress on inflation," Jeff Schulze, head of economic...

The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% in Februarydown from January’s 0.4% monthly increase. "Shelter inflation remains in a disinflationary trajectory, which will be a welcome development for those hoping for further progress on inflation," Jeff Schulze, head of economic...

It's not just the "Magnificent Seven" stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on Wall Street are warning that its recent volatility signals a more sinister picture of the current stock market. "When NFLX goes down over 9% in one day, that tells me we are starting to see...

President Donald Trump on Tuesday said he's boosting Canadian steel and aluminum tariffs to 50%, with the new duties set to go into effect on Wednesday. In a post on Truth Social, the president said the increase is in response to Ontario Premier Doug Ford's decision to impose a 25% surcharge on electricity exports to the United States. "Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all...

The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the third quarter of 2024. However, this growth came alongside a rise in the construction unemployment rate, which increased to 7.2% compared to the overall unemployment rate of 4.1% for the month. "The sizable jump in...

The markets sank back toward session lows on Thursday after President Trump announced that tariffs on goods and services from Mexico that fall under the US-Mexico-Canada trade agreement (USMCA) would be delayed until April 2. However, the president did not say the same about Canada. "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd," Trump wrote on Truth Social. "I did this as an accommodation,...

The U.S. stock market indexes pulled back their earlier increases on Thursday morning because of rising trade tariff ambiguity and pending job statistics reports. The Dow Jones Industrial Average dropped 335 points while both the S&P 500 and NASDAQ Composite lost their respective values by 1% and 1.1%. In the initial part of the session, the market indexes achieved more than 1% gains before returning to previous levels while maintaining their current week declines beyond 1%. The market focuses on evaluating trade policy changes because economic expansion worries have emerged...

Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management's services index registered at 53.5 in February, up from January's 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM's prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn't come...

US stocks edged higher on Wednesday, eyeing a rebound from a sharp sell-off, amid hopes that President Donald Trump could soon scale back his new tariffs on Canada and Mexico. But a soft print on labor-market hiring revived worries about a slowdown. The S&P 500 (^GSPC) rose about 0.1% while the Dow Jones Industrial Average (^DJI) was roughly flat. The Nasdaq Composite (^IXIC) was up about 0.2%. Both the S&P 500 and Nasdaq entered Wednesday's trading session near four-month lows. A fresh look at the jobs market Wednesday provided another...