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  • A Surprising Bulwark for the U.S. Economy: Personal Savings

    On the eve of the last two recessions, American households were unprepared. Years of appreciating stock portfolios, rising home values and improving job prospects had convinced consumers that they didn't need to save much of their income. So when unemployment rose and asset prices fell in the downturns that started in 2001 and in 2007, consumers drastically reined in spending and the economy contracted.

  • White House counsel McGahn has cooperated 'extensively' with Mueller: NYT

    The White House counsel, Donald McGahn, has cooperated "extensively" with Robert Mueller's investigation, the New York Times reported Saturday. Quoting a dozen current and former White House officials and other briefed on the matter, the said McGahn gave investigators a mix of information potentially damaging and favorable to the president. McGahn said he never saw Trump go beyond his legal authorities, the report said.

  • Sky is clear for sunny U.S. economy, but clouds are forming

    Trade fights, Turkey contagion, Fed rate hikes pose risks. It's just when the sun is shining with not a cloud overhead that one should look for storm fronts moving in. So it is with the U.S. economy.

  • Mortgage rates tumble as housing starts to drag down the economy

    So far in 2018 the 30- year-fixed has averaged 4.44%, up from 3.99% in 2017. Rates for home loans tumbled in line with the broader bond market, even as the housing market's woes threatened to become a headwind for the entire U.S. economy. The 30- year fixed-rate mortgage averaged 4.53% during the Aug. 16 week, down six basis points, according to the weekly data from mortgage provider Freddie Mac.

  • Fed's Powell may use Jackson Hole speech to discuss potential trouble ahead

    Current expansion is no longer in early innings. Federal Reserve Chairman Jerome Powell may use his closely-watched speech in Jackson Hole to discuss potential trouble spots ahead for the economy and how the central bank might react. "We're no longer in the early innings" of the expansion, "noted Carl Tannenbaum, chief economist at The Northern Trust Co..

  • There are signs the U.S. economy is approaching its speed limit

    Housing indicators are stalling, manufacturing optimism is waning. Few are arguing that the economy is about to enter a tailspin, but there's some evidence to suggest the rate of growth may be approaching its limit, if it's not already there. Thursday's set of data on jobless claims, housing starts and the Philadelphia manufacturing index certainly raise the question of whether the U.S. economy is running as strong as it will.

  • Cannabis company Canopy Growth's stock soars 30% as Corona brewer increases stake

    Move' further solidifies Constellation Brands (STZ) first mover advantage' in the cannabis space, says Wells Fargo analyst. U.S.-listed shares of Canada-based Canopy Growth Corp. (CGC) soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. (STZ) said it will invest another CAD $5 billion, or about $4 billion, in the diversified cannabis company. Constellation Brands (STZ), the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy...

  • Meet the tech-savvy upstarts who think they can finally give Realtors a run for their money

    Behind the new entrants aiming to undercut the dominant Realtors. A few years ago, Chad Torstenson decided to sell his house. His experience, he said, was "fairly typical."

  • Why real-estate investors should steer clear of Turkey

    The Turkish lira has a been on a roller coaster ride in recent days, but political and economic uncertainties abound on the Anatolian peninsula. The devaluation of the Turkish lira may make real estate in cities like Istanbul and Ankara seem like a bargain for foreign investors, but scooping up property in Turkey could still be a fool's errand even as the currency stabilizes. Concerns about Turkish President Recep Tayyip Erdogan's leadership and the country's worsening...

  • Why job seekers are relocating at historically low rates

    The tight labor market, soaring real-estate prices and new technology make moving for a better job less desirable. Chances are you're not considering relocating, along with the vast majority of American workers. Only around 10% of people seeking out a new job in the U.S. chose to relocate for work during the first half of 2018, according to a new report from staffing firm Challenger, Gray and Christmas.

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