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Inflation continues to climb, CPI says

Inflation, as measured by the Consumer Price Index,  rose in January by a larger than forecast 0.6%.  That’s a pickup from the 0.3% rise in December and brings the 12-month inflation rate to 2.5%, the highest since March 2012. The core CPI, which excludes...

Goldilocks returns with January jobs report

The January jobs report showing a net gain of 227,000 jobs (versus the consensus of 170,000 among economists surveyed by Briefing.com) would have been enough to send stock and Treasury bond prices down and the dollar up because the very strong job creation in January...
Dow finally breaks 20,000 on renewal of Trumphoria

Dow finally breaks 20,000 on renewal of Trumphoria

The Dow Jones Industrial Average broke through the long-awaited 20,000 level shortly after stocks opened for trading this morning. The Dow had pulled back in eight of the last 11 days. The 30-stock index is now up 11% since Donald Trump was elected president. Lots of...
DR Horton earnings left home builders and entire market

DR Horton earnings left home builders and entire market

DR Horton (DHI) led home building stocks higher, rising 5.43% as of 1 p.m. New York time, after showing a 31% jump in net income in earnings reported this morning before the market opened. The company also guided Wall Street to expect a strong selling season this...