Financial News Network - Economic News

Homebuilder sentiment ticks up slightly, as housing shortage intensifies

Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Read more: https://www.cnbc.com/2019/07/16/homebuilder-sentiment-ticks-up-slightly.html

Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics.

Read more: https://www.cnbc.com/2019/07/16/amazons-rivals-are-enjoying-a-prime-day-bump-in-sales-adobe-says.html

Trade war to drag on as Trump says long way to go and China strikes hard-line tone

The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.

Read more: https://www.cnbc.com/2019/07/16/signs-point-to-the-trade-war-dragging-on-as-china-strikes-hard-line-tone.html

US industrial production was unchanged in June

U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.

Read more: https://www.cnbc.com/2019/07/16/industrial-production-june-2019.html

US import prices post the biggest drop in 6 months

U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods

Read more: https://www.cnbc.com/2019/07/16/us-import-prices-post-the-biggest-drop-in-6-months.html

More middle-class families say the 'American dream' is out of reach: Study

More middle-class families now say the American dream is out of reach.

Read more: https://www.cnbc.com/2019/07/16/more-middle-class-families-say-american-dream-is-out-of-reach-study.html

US retail sales beat expectations in June

U.S. retail sales increased more than expected in June, pointing to strong consumer spending.

Read more: https://www.cnbc.com/2019/07/16/retail-sales-june-2019.html

Half of the companies that have reported earnings so far say the strong dollar is hurting them

Of the S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind.

Read more: https://www.cnbc.com/2019/07/15/half-of-the-companies-that-have-reported-earnings-so-far-say-the-strong-dollar-is-hurting-them.html

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years

The New York Federal Reserve said its gauge of manufacturing growth in New York state returned to positive territory, suggesting regional activity was expanding again.

Read more: https://www.cnbc.com/2019/07/15/ny-fed-empire-state-factory-index-posts-biggest-gain-in-more-than-2-years.html

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Economic News

Homebuilder sentiment ticks up slightly, as housing shortage intensifies

Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

Trade war to drag on as Trump says long way to go and China strikes hard-line tone

US industrial production was unchanged in June

US import prices post the biggest drop in 6 months

More middle-class families say the 'American dream' is out of reach: Study

US retail sales beat expectations in June

Half of the companies that have reported earnings so far say the strong dollar is hurting them

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years

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