June 24, 2021
Via: ABC NewsThe U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades. The Commerce Department […]
December 17, 2020
Via: ABC NewsThe number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that […]
December 4, 2020
Via: HuffPostAmerica’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. At the same time, the unemployment rate to a still-high 6.7%, […]
August 28, 2020
Via: NBC NewsHome sales are booming. Stocks are setting record highs. Industrial production is clambering out of the ditch it fell into early this year. And yet the U.S. economy is nowhere close to regaining the health it achieved, with low unemployment, […]
June 8, 2020
Via: Market WatchGold prices on Monday rose off a two-month low as investors wagered that stimulus from central banks will remain in place for the foreseeable future, bolstering the case for bullion, despite a powerful rebound from equities off their lows in […]
March 26, 2020
Via: ABC NewsThe economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact […]
March 4, 2020
Via: CNBCThe Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus. The move was the first such cut since December 2008, during the financial crisis. It […]
February 26, 2020
Via: USA TODAYU.S. stocks stabilized Wednesday as investors continued to weigh the fast-spreading coronavirus and its impact on the economy. The Dow Jones industrial average jumped 300 points after shedding nearly 2,000 points over the past two days. Heading into Wednesday, the […]
February 20, 2020
Via: CNBCThe number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. There was encouraging news on the struggling […]
February 5, 2020
Via: The New York TimesWASHINGTON — The overall United States trade deficit shrank last year as the American economy cooled and President Trump waged an aggressive global trade war to rewrite America’s trading terms. The trade deficit for both goods and services fell to […]
January 27, 2020
Via: CNBCSales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by lower mortgage rates. The Commerce Department said on Monday new home sales slipped […]
January 17, 2020
Via: CNBCU.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. Housing starts […]
January 8, 2020
Via: CNBCPrivate payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics. The total was well above the […]
Industries, Retail & Wholesale
October 17, 2019
Via: FortuneIf the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]
September 27, 2019
Via: CNBCU.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade talks next month. The University of Michigan’s Surveys of Consumers showed in September a near record number […]
August 29, 2019
Via: ABC NewsThe U.S. economy grew more slowly in the spring, and many economists think the slowdown will continue and perhaps complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes. The gross domestic product, the broadest gauge […]
July 5, 2019
Via: ABC NewsThe June jobs report being released Friday will likely help determine whether the U.S. economy has stabilized or is gradually weakening. The evidence is conflicting. Consumer spending has solidified. Home sales are rebounding. But America’s manufacturing sector is slowing along […]
June 27, 2019
Via: ABC NewsThe U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between […]
June 18, 2019
Via: Business InsiderThe Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting, even as President Donald Trump continues to call on officials to lower them. The president has renewed pressure on the Fed […]
April 26, 2019
Via: ABC NewsShares edged lower in Europe on Friday following a lackluster day in Asia ahead of the release of U.S. economic growth data later in the day. Benchmarks fell Friday in Paris, London, Tokyo and Shanghai but rose in Hong Kong […]