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Weekly jobless claims fall more than expected

The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.

Shutdown is starting to hurt Trump's financial deregulation agenda

The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.

Fed's Kashkari says big banks are safer now than before the financial crisis

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are "unquestionably" safer than they were before the 2007-2009 financial crisis.

The mortgage industry isn't ready for a foreclosure crisis created by climate change

As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.

US import prices fall; year-on-year drop largest since 2016

U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years.

Economist Ed Lazear: The stock market is the best economic indicator and it's signaling caution

"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.

Trump administration doubles estimate of shutdown cost to economy: Source

The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.

'Not your grandmother's economy' — Cantor CEO Howard Lutnick says growth still has 2 years to run

The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.

Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds

Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.

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Economic News

Weekly jobless claims fall more than expected

Shutdown is starting to hurt Trump's financial deregulation agenda

Fed's Kashkari says big banks are safer now than before the financial crisis

The mortgage industry isn't ready for a foreclosure crisis created by climate change

US import prices fall; year-on-year drop largest since 2016

Economist Ed Lazear: The stock market is the best economic indicator and it's signaling caution

Trump administration doubles estimate of shutdown cost to economy: Source

'Not your grandmother's economy' — Cantor CEO Howard Lutnick says growth still has 2 years to run

Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds

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