XLP News Explorer
Stay informed with the latest market news and analysis about XLP
2024-11-22
First Trust Advisors chief economist Brian Wesbury on tight consumer credit conditions, the state of the stock market and how Trump's Cabinet picks will impact the macroeconomy.
2024-11-20
UK inflation: Four things the latest figures tell us
Nov 20, 2024, 8:03 AM
The inflation rate has risen, putting pressure on people's finances and casting doubt on interest rate cuts.
2024-11-17
Stock futures open little changed as traders await Nvidia earnings: Live updates
Nov 17, 2024, 6:05 PM
Sunday's move follows a tough week for the three major benchmarks, which are now off their highs that were seen in the aftermath of Trump's victory.
2024-11-15
Stocks Slide as Fed Rate-Cut Bets Pared Back: Markets Wrap
Nov 15, 2024, 3:36 AM
(Bloomberg) -- European equities and US futures fell after Jerome Powell indicated the Federal Reserve was in no rush to cut interest rates.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe Stoxx 600 slipped 0
2024-11-14
Powell 'certainly' intends to stay at Fed until chairmanship ends
Nov 14, 2024, 4:22 PM
Jay Powell on Thursday once again reinforced his intention to serve out his term as chair of the Federal Reserve while making it clear the central bank is not "in a hurry" to lower interest rates.
Holiday shopping may not be merry for retailers this year
Nov 14, 2024, 6:00 AM
The holiday shopping season may not be as merry for retailers this year, with a recently-released report suggesting they could see less sales growth over the festive period.
2024-11-13
Inflation rises 2.6% in October, in line with expectations
Nov 13, 2024, 8:32 AM
Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.
2024-11-12
How Trump's second White House term could impact the economy
Nov 12, 2024, 6:00 AM
President-elect Trump's economic agenda for his second term in the White House will include some old and new policies compared to his first administration.
2024-11-11
Fed's Kashkari warns mass deportations could disrupt labor at some businesses
Nov 11, 2024, 3:01 PM
Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Trump's planned mass deportations of illegal immigrants could disrupt labor at some businesses.
2024-11-06
Where Donald Trump can act unilaterally on his campaign promises — and where he will need Congress
Nov 6, 2024, 7:44 AM
Donald Trump made a wide array of promises on the campaign trail. Some of them will be easier for him to do by himself than others once he takes office in 2025.
2024-11-04
How US consumers feel ahead of Election Day
Nov 4, 2024, 2:31 PM
Americans still cite inflation as their top economic issue heading into Election Day, but consumer optimism is up after sentiment rebounded in October.
2024-11-01
Weak Jobs Report Provides Fodder For Harris and Trump Ahead of Election
Nov 1, 2024, 10:17 AM
Republicans and Democrats used the latest jobs numbers to bolster their arguments about who would be better at managing the economy.
2024-10-31
New PCE reading not ideal for Fed but won't upend rate cut expectations
Oct 31, 2024, 11:29 AM
The Fed may not have received the inflation data it wanted Thursday, but some economists said the central bank is still on track for a 25 basis point rate cut at its policy meeting next week.
2024-10-30
National Insurance: Firms to pay more than half of Budget tax rises
Oct 30, 2024, 10:44 AM
The chancellor says businesses will "contribute more" as she raises employer National Insurance to 15%.
GDP: US economy grows at slower-than-expected pace in third quarter as inflation falls
Oct 30, 2024, 8:36 AM
Wednesday's reading on US economic growth and inflation comes as investors attempt to decipher the Federal Reserve's path forward with interest rates.
2024-10-29
Larry Fink says Fed won't cut interest rates as much as people think, warns inflation 'embedded'
Oct 29, 2024, 2:12 PM
BlackRock Chief Executive Larry Fink says the Federal Reserve will not lower interest rates as much as some forecasters expect, warning inflation is "embedded."
2024-10-28
More Americans living paycheck to paycheck than 5 years ago, Bank of America data shows
Oct 28, 2024, 6:00 AM
The share of U.S. households living paycheck to paycheck since 2019 is up across all income brackets, according to a new study by the Bank of America Institute.
2024-10-27
Tariffs hurt his business. He's voting for Trump anyway
Oct 27, 2024, 8:57 PM
Donald Trump's call for sweeping tariffs is resonating, as protectionism gains steam in the US.
2024-10-21
Why some Americans will receive an extra Social Security check in November
Oct 21, 2024, 11:40 AM
Some American retirees will receive an extra Social Security payment in November due to a scheduling quirk involving the payment schedule of SSI payments to beneficiaries.
2024-10-15
American consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
Oct 15, 2024, 3:40 PM
The New York Fed found that consumers' expectations about missed debt payments edged higher in September for the fourth consecutive month, as some may face increased budget pressures.
Cash doesn’t always come off the sidelines: Morning Brief
Oct 15, 2024, 6:00 AM
Since 1984, money market funds have typically seen larger inflows than equities or bonds in the 12 months following the Fed's first interest rate cut.
2024-10-14
Trump and Harris Both Like a Child Tax Credit but With Different Aims
Oct 14, 2024, 11:18 AM
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.
2024-10-11
Here’s the deflation breakdown for September 2024 — in one chart
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
2024-10-10
Stock market today: Dow, S&P 500 slip as inflation, jobs data cloud Fed rate-cut picture
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Social Security Benefits to Climb 2.5% in 2025
Oct 10, 2024, 8:53 AM
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.
Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation print
Oct 10, 2024, 9:32 AM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Inflation: Consumer price increases in September come in slightly hotter than estimates
Oct 10, 2024, 9:36 AM
September's Consumer Price Index will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision.
Jobless claims surge to highest level since August 2023
Oct 10, 2024, 9:21 AM
Weekly jobless claims rose more than expected last week in a sign of cooling in the labor market.
2024-10-09
Inflation expected to slow in September but 'upside risks' loom amid start of Fed easing
Oct 9, 2024, 3:13 PM
September's Consumer Price Index will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision.
QI Research CEO and Chief Strategist Danielle DiMartino Booth discusses the impact of government intervention on small businesses.
2024-10-08
U.S. Budget Deficit Rises to $1.8 Trillion in 2024
Oct 8, 2024, 2:27 PM
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
2024-10-04
September jobs report: Which industries hired the most workers?
Oct 4, 2024, 2:30 PM
The U.S. labor market grew at a faster rate than expected in September with notable gains in the food and beverage sector as well as health care, although manufacturing shed jobs.
Edward Jones CEO Penny Pennington breaks down the potential impact the U.S. election will have on markets during an appearance on ‘Cavuto: Coast to Coast.’
2024-10-03
Union Agrees to Suspend Port Strike
Oct 3, 2024, 6:51 PM
The International Longshoremen’s Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.
Why Gen Z bets big while boomers play it safe: A generational breakdown of market returns
Oct 3, 2024, 12:31 PM
JPMorgan Asset Management's Jack Manley outlines the investing differences between each generation. It turns out that each cohort is uniquely shaped by its coming-of-age market experience.
2024-09-29
Pumpkin spice: Why are we so obsessed with the flavour and scent?
Sep 29, 2024, 5:36 AM
The autumnal scent has become a billion-dollar industry, from pumpkin spice lattes, to candles and even dog treats.
2024-09-27
Morgan Stanley senior vice president of investments Jim Lacamp looks ahead to Q4, the presidential election, China's stimulus package and the August PCE data.
The Fed’s Preferred Inflation Gauge Cooled in August
Sep 27, 2024, 8:43 AM
Inflation has been slowing for months, which has paved the way for Federal Reserve interest rates cuts.
2024-09-26
Powell emerges stronger after leading Fed to big rate cut
Sep 26, 2024, 5:02 AM
(Bloomberg) -- One week before Federal Reserve officials gathered in Washington this month, they were split over how fast to lower interest rates.Most Read from BloombergNJ Transit, Amtrak Trains Delayed After Derailment Near NYCWhere Cargo Bikes Are Freeing Cities From Polluting VansExclusive Palo Alto Girls School Borrows $106 MillionEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentThe economy wasn’t flashing the kind of
2024-09-25
What products would be disrupted by a port strike?
Sep 25, 2024, 2:04 PM
The looming strike by about 45,000 ILA dockworkers at ports on the East and Gulf coasts would affect a variety of products imported and exported at the 36 seaports at risk of stoppages.
Piper Sandler managing director and senior economist Jake Oubina analyzes the latest data emerging from the U.S. economy during an appearance on ‘Mornings with Maria.’
The 2024 election is close and businesses outlining their priorities
Sep 25, 2024, 6:00 AM
A pair of studies released this week indicate businesses of all sizes are eyeing inflation and the economy as their top priorities heading into the 2024 election.
2024-09-24
Geopolitics emerges as Jamie Dimon's chief concern for economy: It's 'getting worse'
Sep 24, 2024, 12:17 PM
JPMorgan Chase CEO Jamie Dimon once again cited global instability as a reason why inflation may not yet be under control, saying that geopolitics is 'getting worse.'
Consumer confidence sees largest decline in more than 3 years
Sep 24, 2024, 11:10 AM
Consumer confidence tumbled in September as workers find it increasingly difficult to find a new job.
Consumer confidence sees largest decline in more than three years
Sep 24, 2024, 11:10 AM
Consumer confidence tumbled in September as workers are finding it increasingly difficult to find a new job.
2024-09-19
Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoria
Sep 19, 2024, 4:10 PM
Wall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Americans hold off on major purchases over election uncertainty
Sep 19, 2024, 2:00 AM
Uncertainty in of itself can make consumers hold off on making any major buying decisions. A perfect example is the uncertainty over who wins the election this November.
2024-09-17
LSEG director of consumer research Jharonne Martis discusses the cut in consumer spending as prices remain high on 'Making Money.'
2024-09-16
Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald discusses the Fed's highly anticipated rate decision and shares his top stock picks.
2024-09-14
Trump’s Proposal to End Taxes on Overtime Pay Could Cost Billions
Sep 14, 2024, 2:28 PM
The former president left many key details about the overtime plan unaddressed, including whether the exception would apply to the payroll taxes that fund Social Security and Medicare.
2024-09-13
Capitalist Pig hedge fund manager Jonathan Hoenig reacts to the August jobs report, explains how to 'play defense' in the market and breaks down the impact of the economy on the election.
2024-09-12
Goya CEO reveals why the price of this grocery staple has skyrocketed under Biden
Sep 12, 2024, 8:22 AM
Goya Foods CEO Bob Unanue criticized the Biden-Harris administration's inflationary policies, citing price increases on his company's own items as evidence.
Producer prices cool in latest sign of inflation slowdown
Sep 12, 2024, 8:47 AM
U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from July to August. Excluding food and energy prices, which tend to fluctuate from month to month, so-called core wholesale prices moved up 0.3% from July and have risen 2.3% from August 2023.
Stock rally spreads as tech bounce gains momentum
Sep 12, 2024, 4:34 AM
(Bloomberg) -- A rally that’s already added over $1.3 trillion to the S&P 500 this week powered ahead as the latest economic data did little to alter bets on a series of Federal Reserve rate cuts.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingNYC Transit Capital Upgrades Face $27 Billio
2024-09-11
How do consumer prices compare in the Biden era with the Trump era 4 years ago?
Sep 11, 2024, 12:46 PM
Voters are focused on the economy as Election Day on Nov. 5 approaches and American households continue to face strained budgets because of inflationary pressures in recent years.
2024-09-10
Cost of living crisis kicks off the Harris, Trump debate
Sep 10, 2024, 6:59 PM
Former President Trump and Vice President Harris led off their debate with a discussion about the cost-of-living crisis and the impact of inflation on American households.
Harris Economic Plan Focuses on Prices, a Key Vulnerability
Sep 10, 2024, 9:54 AM
Vice President Kamala Harris has been balancing the challenges of defending “Bidenomics” and charting her own course on the economy.
2024-09-09
Fundstrat Global Advisors managing director Mark Newton argues the tech sector remains strong, while others struggle to meet bull market tops.
2024-09-06
U.S. Job Market Shifts to Lower Gear
Sep 6, 2024, 5:05 AM
Employers added 142,000 jobs in August, fewer than economists had expected, and previous months were revised downward.
Mixed jobs report adds to US economy concerns
Sep 6, 2024, 8:47 AM
Employers added 142,000 jobs in August, figures show, which was less than expected.
2024-09-04
Nasdaq, S&P slip as sluggish September start continues
Sep 4, 2024, 4:08 PM
Investors are looking to labor data to gauge the chances of a "soft landing" for the economy.
Stock market today: Stocks slip as tough September start rolls on
Sep 4, 2024, 2:54 PM
Investors are looking to labor data to gauge the chances of a "soft landing" for the economy.
Stock market today: Stocks claw back after tough September start
Sep 4, 2024, 11:08 AM
Investors are looking to labor data to gauge the chances of a "soft landing" for the economy.
Nasdaq slides as September swoon continues
Sep 4, 2024, 9:34 AM
Investors are looking to labor data to gauge the chances of a "soft landing" for the economy.
Stock market today: US futures slide as growth worries weigh on spirits
Sep 4, 2024, 7:16 AM
Investors are looking to labor data to gauge the chances of a "soft landing" for the economy.
2024-09-03
Nvidia leads Nasdaq sell-off in brutal start to September
Sep 3, 2024, 4:07 PM
Wall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Nvidia leads Nasdaq down in rough start to September
Sep 3, 2024, 3:30 PM
Wall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Yardeni Research President Ed Yardeni reveals what most economists are missing about the U.S. economy on 'Making Money.'
Stock market today: US futures retreat
Sep 3, 2024, 7:02 AM
Wall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
2024-09-01
Pay for new hires is falling in some blue-collar jobs
Sep 1, 2024, 6:40 AM
Data from ZipRecruiter indicates employers are not willing to pay as much to new recruits as they did last year in some blue-collar sectors. Experts weight in on what's happening.
2024-08-30
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent
Aug 30, 2024, 8:52 AM
Inflation remained cool in July, based on the Personal Consumption Expenditures index, keeping the Federal Reserve on track for rate cuts.
2024-08-28
How Wall Street Learned About Last Week’s Labor Data Before the Public
Aug 28, 2024, 10:24 AM
The Labor Department provided insight into a recent lapse in which revised payroll data was given out à la carte before it went online.
Consumer confidence reaches six-month high, but labor market worries rise
Aug 28, 2024, 1:24 AM
The Conference Board's latest survey showed that consumer confidence and optimism about the economy avoiding recession rose, even as labor market concerns edged higher.
2024-08-27
PM defends scrapping winter payments for pensioners
Aug 27, 2024, 11:28 PM
The Citizens' Advice warning comes as energy firms meet the government for talks on help with bills.
Treasury considers extending Household Support Fund
Aug 27, 2024, 7:56 AM
The scheme, which gives cash to struggling households, is currently due to close on 31 September.