U.S. GDP booms at 33.1% rate in Q3, better than expected
The growth came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones
U.S. weekly jobless claims total 751,000, vs 778,000 expected
The number of first-time unemployment claims declined for a second straight week — to the lowest level since Covid shutdowns began in March.
Sharp third-quarter growth will show the economy regaining ground, but it's still in a hole
Third quarter GDP is expected to grow at a sharp pace, but the economy is still behind where it was and may be challenged by a lack of stimulus.
As Washington delays stimulus, the Fed appears to be running out of ways to help the actual economy
While no Fed official ever would acknowledge that monetary policy ammunition is running low, and in fact would insist to the contrary, there appear to be few weapons left in its arsenal
Home prices in August see biggest gains in more than two years, S&P Case Shiller says
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.
Weekly jobless claims drop to nearly their lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.
Unemployment claims are down. It’s not all for good reasons
About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Thursday. Much of that reduction likely isn't attributable to people returning to work.
September existing home sales jump 9.4%, but 'prices are rising too fast' as supply remains tight
The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.
Weekly jobless claims drop to the lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic.