Monthly archive February, 2018

After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January. The Commerce Read More →

Despite recent volatility on Wall Street, the University of Michigan released a report on Friday unexpectedly showing a significant improvement in U.S. consumer sentiment in the month of February. The preliminary reading on the consumer sentiment index for February came Read More →

Homebuilder confidence in the U.S. remained at a healthy level in the month of February, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB/Wells Fargo Housing Market Index came in Read More →

Charlie Munger, a billionaire investor who was also a longtime deputy to Warren Buffett, has called on the US Government to destroy Bitcoin because it is a "noxious poison." The Chairman of the Daily Journal Corporation was highly critical of Read More →

A report released by the Commerce Department on Wednesday showed business inventories in the U.S. rose by slightly more than anticipated in the month of December. The Commerce Department said business inventories climbed by 0.4 percent in December, matching the Read More →