ISM: Services sector contracted in May
The ISM services index contracted in May, the first time since June 2024, the Institute for Supply Management said.
Economy
Bank survey: Uncertainty weighing on prospective homebuyers
Roughly 60% of current homeowners and prospective homebuyers are uncertain whether now is a good time to buy a home,...
Factory orders decreased in April
New orders of manufactured goods increased $25.7 billion, or 4,3%, from the prior month to $618.8 billion in March, the...
Construction spending decreased 0.4% in April
Construction spending in April was at a seasonally adjusted annual rate of $2.15 trillion, 0.4% below the revised March estimate,...
ISM: Manufacturing sector contracted in May
U.S. manufacturing activity contracted for the third consecutive month in May, the Institute for Supply Management said.
Consumer sentiment holds steady in May
The University of Michigan Consumer Sentiment Index neither rose nor fell in May compared to the month prior, holding at...
Personal income increased 0.8% in April
Personal income increased 0.8%, or $210.1 billion, in April, the Commerce Department said. The personal savings rate was 4.9%.
ABA DataBank: Increase in late payments by buy now, pay later users
Close to one-fourth of buy now, pay later users were late making a payment in 2024, a significant increase from...
Fed: One in five Americans victims of financial fraud, scams
More than one in five U.S. adults have experienced financial fraud or scams involving their money, with older adults more...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.89% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.
