Housing starts fell in April, new home applications reach 5-year high
Housing starts fell in April, most of the decline was in apartment construction. Applications for new construction reached a five-year peak.
The most hated stock market rally ever!
This is possibly the biggest rally ever and yet no one cares. As the stock market makes new high after new high, there are some very odd things going on.
Retail sales rebound in April: Spending adds to economic growth
The rebound from a weak March suggests consumers may help boost economic growth again this spring as retail sales edged up 0.1 percent in April from March.
Freddie Mac reports big earnings in Q1: $4.6 billion net income
Freddie Mac earned $4.6 billion in Q1, helped by a stronger housing market. They paid $7 billion to the U.S. Treasury toward their $170 billion bailout.
Job openings and hirings fell in March
A new report says, there were 3.1 unemployed people, on average, for each job opening in March; above the ratio of 2 to 1 typical in a healthy economy.
Survey: Moms take the lead in discussing personal finance with kids
A survey found that mothers clearly have the upper hand over fathers in getting the discussion on personal finance started with their adult children.
Stock markets stagnant as strong US jobs report fades
Investors turned more cautious on Monday as the momentum from an unexpectedly strong U.S. jobs report last week faded.
US gold and oil prices indicative of Federal Reserve’s failing policy
The Federal Reserve’s policies are at this juncture: Either commodity prices begin to reflate or these prices continue to melt and take the economy with it.
Job growth strong in April: Unemployment rate falls to 7.5 pct.
The job growth in April drove down the unemployment rate to a four-year low of 7.5 percent and sent a reassuring sign that the U.S. job market is improving.
April’s ADP report signals austerity weighs on the job market
The ADP report shows companies added 119,000 jobs in April, suggesting spending cuts and higher taxes could be weighing on the job market.
