Crypto

U.S. Trade Deficit Narrowed to $29.4 Billion in October Amid Declining Imports

The U.S. trade deficit fell to $29.4 billion in October, driven by a decrease in imports, while exports rose significantly year-over-year.

Economy

Weekly Initial Claims for Unemployment Rise, Average Reaches Lowest Level Since April 2024

Initial unemployment claims rose to 208,000, but the four-week average dropped to its lowest level in nearly six months, indicating labor market resil...

Markets

December Housing Sales Show Early Signs of Yearly Improvement

December exhibited a 2.5% year-over-year increase in housing sales in select markets, contrasting November's declines.

Economy

Service Sector Shows Steady Growth as ISM Index Hits 54.4% in December

The ISM® Services index rose to 54.4% in December, indicating continued expansion in the services sector and the first employment growth in seven mont...

Economy

U.S. Job Openings Dip to 7.1 Million in November Amid Stable Labor Metrics

November saw job openings decline to 7.1 million, reflecting minimal hiring changes and stable quit rates year-over-year.

Banking

Mortgage Applications Drop Significantly in Latest MBA Survey

Recent data shows a 9.7% decline in mortgage applications, reflecting a dip in both refinancing and purchase activity as rates stabilize.

Banking

Light Vehicle Sales Increased to 16.0 Million SAAR in December

The BEA reported that light vehicle sales were at 16.0 million in December on a seasonally adjusted annual basis (SAAR). This was up 1.9% from the sal...