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Stocks close mixed; Powell says it’ll take longer than expected to be confident that inflation is moving down; housing starts fall; industrial production rises.
IMF improves global economic growth forecast to 3.2%; new housing construction plummets in March; UnitedHealth beats earnings forecasts despite ransomware attack; Bank of America’s profit falls amid high interest rates.
Stocks close down; retail sales rise 0.7% from February; homebuilder confidence flat in April; investment banking revenue pushes up Goldman Sachs earnings.
Retail sales increased 0.7% in March, Commerce Department says; FBI boards cargo ship that crashed into Baltimore bridge; Goldman Sachs quarterly profits soar amid more deal making; global smartphone sales rise nearly 8%.
Stocks fall; JP Morgan CEO cites economic uncertainty; consumer confidence holds steady; import prices rise in March.
Profits rose 6% at JPMorgan Chase; BlackRock profits soar 36%; Citigroup, Wells Fargo profits decline; S&P 500 quarterly earnings expected to be up 5%.
Stocks close higher; cost of financial services, equipment wholesaling and other services rise; mortgage rates near 7%; initial jobless claims fall.
Delta Air Lines reported strong sales and summer demand; Constellation Brands reported strong beer sales; CarMax struggled amid high prices and interest rates; initial jobless claims declined to 211,000 last week; ECB maintains record high interest rate.
The annual rate of CPI inflation ticked up in March; Accounting giant KPMG fined $25 million in exam-cheating scandal; Trump Organization’s former CFO gets 5 months jail sentence for perjury.
The U.N.’s Simon Stiell is calling for changes in global finance to help fund climate change response; inflation increased to 3.5% in March, the Labor Department says; starting today, broadband providers must provide price labels; Google, Intel unveil advanced chips for A.I.
From the publisher's feed
The Marketplace Minute® has concluded production as of July 2024.
The economy is changing so fast. It’s hard to keep up. Get the latest on what’s happening in the economy right now with two-times-a day briefings from Marketplace. More than just the numbers, we bring you the highlights from the most important stories about money, business and the economy. Subscribe to the Marketplace Minute® wherever you get your podcasts or add it to your Alexa flash briefing.

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