U.S. Economy

Despite a historic shortage of homes for sale, homebuilders are actually slowing production, handcuffed by skyrocketing commodity prices.

Strong buyer demand is keeping homebuilders confident, but rising construction material costs are weighing on housing affordability. 

The bipartisan infrastructure deal that President Joe Biden hopes to reach with Republicans gained steam this week.

John Katko (R-N.Y.) explains what needs to be done to better secure U.S. infrastructure in the wake of the ransomware cyberattack on Colonial Pipeline.

Most importantly in this market, inflation reduces expectations of earnings growth, putting downward pressure on stock prices.  

The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC.

The PPI spiked 6.2% for the 12 months ended in April, the largest increase since the Bureau of Labor Statistics started tracking the data in 2010.

A former NSA hacker argues why he thinks Russian President Vladimir Putin is connected to the cyberattack on Colonial Pipeline.

The Centers for Disease Control and Prevention said Wednesday it recommends expanded usage of Pfizer and BioNTech’s Covid-19 vaccine for 12- to 15-year-old kids.

President Joe Biden anticipates good news “in the next 24 hours” on the ongoing Colonial Pipeline cyber attack that has disabled fuel deliveries.

The recent pickup in inflation may, in fact, be a temporary — and welcome — change for those who fear a slowdown in U.S. GDP.

“I’m very worried this is an unstoppable situation because the longer the Fed waits, the more they will have to raise the rates,” Thomas Peterffy told CNBC.

A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they could get any savings.

The April jobs report is fueling concern in some circles over a $300 weekly supplement to unemployment benefits. Its true effect is hard to judge, however.

Biden said his administration will distribute more coronavirus relief funds as it tries to spur hiring after a weak April jobs report.

Officials said states and territories are not allowed to use the funding to offset tax cuts or make a deposit to a pension fund.

The U.S. Chamber of Commerce blamed a $300-per-week federal jobless benefit for April’s far-weaker-than-expected jobs report.

Treasury Secretary Janet Yellen is set to join White House press secretary Jen Psaki during a press briefing Friday afternoon.

U.S. firms hired far fewer workers than expected in April, as employers struggled to find people to fill job openings.

Sentiment among homebuyers fell to the lowest level in the 10-year history of a Fannie Mae survey, due to a housing shortage and soaring prices.