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Sales of new single-family homes rose to 758,000 in November, from 656,000 in October, and slipped to 745,000 in December.
The Supreme Court ruled Friday on two cases challenging President Donald Trump's tariffs under the International Emergency Economic Powers Act.
FOX Business' Lydia Hu breaks down the Supreme Court's ruling regarding President Donald Trump's use of IEEPA tariffs on 'Varney & Co.'
Tariff removal sparks a stock market rebound, but slowing growth and elevated PCE keep pressure on US stocks as investors weigh stagflation concerns.
Americans' assessment of the economy improved slightly in February, according to the University of Michigan's monthly survey, yet high prices continued to keep many on edge.
The U.S. Supreme Court struck down the Trump administration's tariffs, adding more uncertainty to the state of global trade. Kevin Hincks was surprised to see an immediate rally following the announcement.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Friday.
The US Supreme Court struck down President Donald Trump's sweeping global tariffs. Voting 6-3, the court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe.
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Ruling is blow to Trump's bold assertions of authority and topples key pillar of aggressive economic agenda
President Donald Trump did not have authority to impose his sweeping "Liberation Day" tariffs, the Supreme Court ruled Friday, killing the president's signature economic policy in a case that the president has claimed is "one of the most important ever."
In a major setback for President Trump's economic agenda, the court ruled that he could not invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imports.
The Supreme Court ruled on Friday that Donald Trump did not have the authority to unilaterally impose tariffs, a rebuff of the president's central economic policy. The court ruled that the president lacked the justification to impose the tariffs during peacetime.
Supreme Court limits Trump's tariff powers under IEEPA emergency law. Court ruling coincides with a decline in US trade deficit due to tariffs.
Supreme Court strikes down Trump tariffs
The U.S. Supreme Court said President Trump exceeded his authority in using a 1977 law to justify a large swath of his tariffs, but that does not mean that he's now unable to slap tariffs on other countries' products.
Tariff refunds could boost retail stocks and long-term Treasury yields.
GDP grew 1.4% last quarter, down from economists' forecast of 3%, though AI and tax cuts could boost growth this year
Kevin Hincks notes it's hard to interpret the latest core PCE print, which showed an uptick in most headlines numbers. However, those numbers are from December.
The US economy grew less than expected at the end of last year, as inflation-adjusted gross domestic product increased an annualized 1.4% in the fourth quarter. Overall, the economy expanded 2.2% last year.