By Nathalie Voit U.S. home-price growth slowed in September from its record annual rate of 19.8% in August, S&P CoreLogic Case-Shiller data revealed. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, the benchmark indicator for U.S. home prices, sat at 19.5% in the year that ended in September, down from 19.8% the month before. [...]
By Nathalie Voit Retail traffic on Black Friday declined 28.3% compared to 2019, as spending increased online and consumers began shopping earlier in the holiday season, advance data from global retail solutions firm Sensormatic Solutions found. In-store shopping on Black Friday was up 47.5% from last year, Sensormatic said. However, foot traffic still fell short of its [...]
By Nathalie Voit Pending home sales in October jumped 7.5% from September, according to data from the National Association of Realtors (NAR). Contract activity in October rebounded nationwide as demand for new housing remained relatively high despite rising mortgage rates. According to the Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract [...]
By Nathalie Voit Several stores are set to close on Thanksgiving Day. Retailers from Macy's to Target to Walmart are opting to close down for the second year in a row following last year's unexpectedly positive response from consumers and employees alike to the new policy. Some have also signaled intentions to make the holiday [...]
By Nathalie Voit Apple announced its new Self Service Repair program, paving the way for users to fix their own devices. The news comes amid increasing scrutiny from FTC regulators and consumers over tech companies’ stringent repair policies. In a press release delivered Nov. 17, Apple said it would make Apple parts, tools, and repair manuals available [...]
By Nathalie Voit A new survey released by Country Financial finds that nearly nine in ten Americans (88%) are worried about inflation. Last month, the Consumer Price Index (CPI) climbed 6.2% from a year before, its largest increase in 30 years. A series of product shortages across industries has also led to a rise in consumer prices to their [...]
By Nathalie Voit In a statement released by the White House Nov. 22, President Joe Biden announced his decision to renominate Jerome Powell for a second term as chair of the Federal Reserve. President Biden also elected Fed governor Lael Brainard to serve as vice chair of the central bank’s board of governors. The much-anticipated [...]
By Nathalie Voit Airlines are aggressively bolstering operations in preparation for Thanksgiving travel. Approximately 20 million people are expected to pass through airport security checkpoints in the ten-day period starting Friday, Nov. 19, and ending Sunday, Nov. 28, the Transportation Security Administration (TSA) reported. The upcoming days will test whether air carriers can handle the increased [...]
By Nathalie Voit U.S. drugstore giant CVS said it would close around 900 stores in the next three years in a press statement released Nov. 18 on its website. The pharmacy chain is looking to pivot away from retail and expand health services in remaining locations. The move will affect about 900 retail stores or nearly 10% [...]
By Nathalie Voit U.S. jobless claims in the week ending Nov. 13 dropped down to a seasonally adjusted 268,000 from a revised 269,000 the week before, data from the Labor Department released Nov. 18 revealed. Unemployment claims are at the lowest level since the beginning of the pandemic, the Labor Department said Thursday. In contrast to 2019, [...]
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