US Economy

“We feel like this is not a trend, this is a connection back to nature,” private retailer L.L.Bean CEO Stephen Smith said on “Squawk on the Street.”

Officials at the meeting voted to keep benchmark short-term borrowing rates anchored near zero.

Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones.

With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse.

Covid-induced demand from homebuyers over the summer caused an exceptionally strong spike in home prices

Climate change and Covid are creating huge risks for widespread defaults on home loans.

“I think that backstop role might be important for quite some time, so it’s disappointing,” Evans said of the Treasury decision.

The programs were set to expire at the end of the year. They were instituted in early March as markets froze.

Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually.

Congress remains deadlocked over a coronavirus relief bill, and lawmakers in both parties are pessimistic about passing one in the near future, even as the election slips into the rearview mirror and the number of COVID-19 cases nationally surges, NBC News reports.

November is not historically a strong season for homebuying, but this one, like the rest of 2020, isn’t following any rules.

The Senate voted against a move to limit debate on the nomination, typically a death knell.

In November, builder confidence in the construction market for single-family homes soared to its third record high in as many months.

Even with the prospects of at least two vaccines, Bostic said there are multiple pockets of the economy that will need assistance.

The trade association for the U.S. gambling industry says America’s casinos are recovering from months of closures necessitated by the coronavirus outbreak, having regained 81% of the gambling revenue they saw in the third quarter of last year.

The Dow Jones Industrial Average closed at a record high Monday, erasing the last of its pandemic losses, after a second drug company announced encouraging progress on developing a coronavirus vaccine

Efforts to get Judy Shelton confirmed to the Federal Reserve just got a little tougher as one prominent Republican announced his opposition Monday. Sen. Lamar Alexander (R-Tenn.) said in a statement that he will oppose President Donald Trump’s nomination of Shelton as a Fed governor, CNBC’s Ylan Mui reported. That brings to three the total of GOP senators against...

Dudley said bridge money of $1 trillion to $2 trillion will be needed to get individuals and businesses to the other side.

The S&P 500 closed at a record high on Friday as optimism built among investors that a coming vaccine for coronavirus will help end the shutdowns that have devastated the economy

Racial housing inequality is exacting an economic price that has cost nearly 800,000 jobs, according to a Morgan Stanley analysis.