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Here"s what happened to the stock market on Wednesday
5/27/2020 3:16 PM
Bets on the economy reopening mounted once again, lifting stocks that benefit from it....(read more)Forward this article...Read More
 
Fed"s Beige Book: "Economic activity declined in all Districts – falling sharply in most"
5/27/2020 1:18 PM
Fed"s Beige Book "This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 18, 2020." Economic activity declined in all Districts – falling sharply in most – reflecting disruptions associated with the COVID-19 pandemic . Consumer spending fell further as mandated closures of retail establis...Read More
 
High-End Apartment Owners Dodge Economic Slump
5/27/2020 1:07 PM
For now, the many big apartment owners whose tenants have average household incomes exceeding $100,000 a year are doing fine. Some of those owners are looking to raise rents. The post High-End Apartment Owners Dodge Economic Slump appeared first on Real Estate News & Insights | realtor.com® ....(Read More
 
Euro, stocks retreat from rally on EU stimulus plan
5/27/2020 1:07 PM
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the European Union unveiled a 750 billion euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing"s proposed security laws....(read more)...Read More
 
Philly Fed: State Coincident Indexes Decreased in All States in April
5/27/2020 10:46 AM
From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2020. Over the past three months, the indexes decreased in all 50 states, for a three-month diffusion index of -100 . Additionally, in the past month, the indexes decreased in all 50 states, for a one-month diffusion index ...Read More
 
Census: Household Pulse Survey shows 48.5% of Households lost Income
5/27/2020 10:20 AM
From the Census Bureau: Measuring Household Experiences during the Coronavirus (COVID-19) Pandemic The U.S. Census Bureau, in collaboration with five federal agencies, is in a unique position to produce data on the social and economic effects of COVID-19 on American households. The Household Pulse Survey is designed to deploy quickly and efficientl...Read More
 
Richmond Fed: "Fifth District manufacturing remained soft in May"
5/27/2020 9:29 AM
From the Richmond Fed: Fifth District manufacturing remained soft in May Fifth District manufacturing remained soft in May, according to the most recent survey from the Richmond Fed. The composite index rose from a record low of -53 in April to -27 in May, remaining at its lowest level since 2009 . All three components - shipments, new orders and e...Read More
 
Significant Regional Employment Losses in April
5/27/2020 8:07 AM
Year-over-year (YoY), total nonfarm employment fell by 19.4 million jobs on a seasonally adjusted basis (SA), or -12.9% from April 2019 to April 2020. During this time, total nonfarm employment decreased across all the regions.  The Northeast declined by 18.2%, the Midwest by 14.5%, the Western region by 12.6% and the South by 10.7%. According to t...Read More
 
U.S. mortgage applications rise for sixth straight week
5/27/2020 7:07 AM
U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy"s recovery from the novel coronavirus crisis even as high unemployment is expected to linger....(read more)
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Stimulus will add to high debt levels but alternative is "much worse," ECB vice president says
5/26/2020 2:50 PM
The vice president of the European Central Bank (ECB) has backed the unprecedented stimulus packages launched in the region, saying there were no alternatives for lawmakers....(read more)
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S&P 500 clears 3,000 barrier on hopes of recovery, vaccine
5/26/2020 12:51 PM
?U.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions....(read more)
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Dallas Fed: "Contraction Continues in Texas Manufacturing Sector"
5/26/2020 9:57 AM
From the Dallas Fed: Contraction Continues in Texas Manufacturing Sector, Though Severity Eases Texas factory activity declined again in May, though at a slower pace than in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained ne...Read More
 
Consumer confidence for May rises to 86.6, vs 82.3 expected
5/26/2020 9:06 AM
Consumer confidence for May rises to 86.6, vs 82.3 expected<br/>https://www.cnbc.com/2020/05/26/consumer-confidence-may-2020.html...(read more)
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Related Chairman Stephen Ross: Expect a "flood" of retail bankruptcies because of the pandemic
5/26/2020 8:43 AM
"You are going to have such a flood of cases going to the bankruptcy court," mall owner Related Companies founder and chairman Stephen Ross told CNBC....(read more)
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Case-Shiller: National House Price Index increased 4.4% year-over-year in March
5/26/2020 8:25 AM
Note: This is for March and is mostly pre-crisis data. S&P/Case-Shiller released the monthly Home Price Indices for March ("March" is a 3 month average of January, February and March prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-...Read More



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