Worth Sharing

WS

Stories That Matter

# Business

Home Prices Rise 10 Percent, Power US Optimism

avatar By Jeanne Goddard

29 May 2013 44 views
Size Print
Email
Home Prices Rise 10 Percent, Power US Optimism
Home prices surged during the first quarter at their fastest pace in nearly seven years, the latest sign of a sustained economic recovery. Consumer confidence also helped push stocks to a new high on Tuesday.

Home prices surged during the first quarter at their fastest pace in nearly seven years, the latest sign of a sustained economic recovery.

The housing-market revival—and an accompanying report on consumer confidence— is boosting both asset prices and spending.

The latest reports were big factors driving financial markets Tuesday. Stock investors, encouraged by the strong data, sent the Dow Jones Industrial Average to a new high.

(READ the story in the Wall Street Journal)

Tags:
avatar

About author

More posts

# Business

Surprisingly Strong Jobs Report for October

The U.S. economy added a better-than-expected 204,000 jobs in October despite a federal government shutdown that was expected to limit payroll growth. Despite the gains, the unemployment rate edged up to 7.3% from 7.2%.

# Business

Factory Growth Surges Worldwide, U.S. Hits 2-1/2-yr High

Increased demand boosted global manufacturing activity last month as U.S. factories expanded at their fastest pace in 2-1/2 years and Chinese output suggested improvement in the world's second largest economy. The 17-country euro zone's manufacturing sector also showed improvement in November, as did Britain's.

# Business

GM to Invest $1.3B in 5 Midwest Factories

General Motors announced plans to invest $1.2 billion in new equipment and expansions at five Midwest factories. GM's investment, mostly in three Michigan plants, will retain or add about 1,000 jobs. The expansion plans were announced Monday, the same day a new study was released, compiled by the Center for Automotive Research in Ann Arbor, that estimated the rescue of GM and Chrysler saved 2.6 million jobs in 2009 and 1.5 million in 2010.

# Business

Comeback Nation: Why the U.S. Economy Is Much Stronger Than You Think

In America these days, if you are watching too much news, you're not getting the truth about the economy as much as political messaging and strategy. The truth is that the U.S. still has the strongest economy on the planet. America's performance should be measured against the current competition, not against the records it set in the 1990s or 2000s.

# Business

Some Actual Good News About The Jobs Market

Friday's non-farm payrolls report overshadowed some relatively good news in other key U.S. employment metrics. Many indicators have been pointing to stronger labor markets than the big figure highlighted Friday (80,000 jobs gained for June). And a few new data points confirm this thinking.

You might be interested in

Be the first to comment

Leave a Comment

Recent Stories
  • A Heartfelt Reminder to Appreciate the Ones We Love
    05 Sep 144 Views
  • Cherish the Woman Who Stands by You
    05 Sep 111 Views
  • Breaking Generational Cycles of Pain
    05 Sep 124 Views
  • Living by Your Own Values, Not Others' Approval
    05 Sep 166 Views
  • When Life Brings Rain, It’s Okay to Rest
    05 Sep 610 Views
  • Before You Judge Someone's Life, Take a Moment to Walk in Their Shoes.
    05 Sep 292 Views