Advertisement
U.S. markets open in 2 hours 45 minutes

Economic News and Analysis

The latest news and analysis about the health of the US economy.

Economic News

  • Business
    Associated Press Finance

    Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales

    Home Depot's sales continued to soften in the first quarter as the nation's largest home improvement retailer was not only constrained by high mortgage rates and higher inflation for its customers, but it also had to deal with a delayed start to spring. Sales slipped 2.3% to $36.42 billion for the period ended April 28, just shy of the $36.65 billion that analysts polled by Zacks Investment Research expected.

  • Business
    Reuters

    Inflation vigil sees single stock sideshows

    Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called 'meme stocks' while earnings updates and deals sagas dominated overseas. With Wednesday's April consumer price report this week's focus, Tuesday's release of the month's producer price index provides the appetizer - with core annual factory gate price readings expected to be steady at 2.4%. Although these critical data inputs likely set the tone for the public rather than the other way around, the backdrop on household inflation expectations has not been great.

  • Business
    Reuters

    OPEC sticks to oil demand view, sees potential economic upside

    OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 on Tuesday and said there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. This is the last report before OPEC+, which groups OPEC and allies led by Russia, meets on June 1 to set output policy.