West Texas Intermediate crude slid from a two-week
high after industrial production slowed in China, the world's second-
biggest oil-consuming country.
U.S. mortgage application activity increased last week despite rising interest
rates, the Mortgage Bankers Association said Wednesday.
U.S. small business confidence edged up for the
second month in May and hit a one-year high as the outlook of
economy and future sales improves.
U.S. markets dropped Tuesday as confidence gives way to uncertainty on Wall
Street, based on anxiety about how long the Federal Reserve will continue with an $85 billion per month asset purchasing program.
Hispanic homebuyers have made strides in their access to housing but
Asian- and African-American buyers looking to purchase a home still are told
about or shown far fewer homes than equally qualified white consumers, a new
national study has determined.
U.S. wholesale inventories bobbled up by 0.2 percent in April to $504.8 billion, while sales were up 0.5 percent at $416.6 billion, the Commerce Department said Tuesday.
Stocks have become increasingly volatile in recent weeks, moving sharply higher
or lower -- and then abruptly reversing -- at the slightest hint a central bank
may tighten the spigot of easy money into the world's economies.
After a week of concerns about the future orientation of monetary policy, markets reacted positively to the Labor Department's figures for job creation during the past year.
Hiring intentions in the U.S. are holding up for the third quarter but remain problematic around the world, according to a survey of hiring managers.
As the economy improves, companies are having to confront something they haven't had to think about in a while: how to keep valuable talent from going elsewhere in a rising economy.
The auto industry is about to go on a hiring spree as automakers and
suppliers look for engineers, technicians and factory workers to build
the next generation of cars and trucks.
The Bank of Japan on Tuesday upgraded its assessment of the Japanese economy for the sixth consecutive month as it saw a boost in exports and industrial output.
President Obama named long-time
economic advisor Jason Furman to serve as chairman of his Council of
Economic Advisers on Monday, replacing Alan Krueger.
Japanese shares surged Monday as exporters were
bolstered by the yen's fall and as investors picked up cheaper stocks
after recent losses.
Standard & Poor's
upgraded the U.S. rating outlook from negative to stable on Monday, but markets shrugged. The Nasdaq rose 0.13 percent, the Dow was down 0.06 percent and the S&P was down 0.03 percent.