Other News

A Strong Dollar and A Stronger Economy Pressurize the U.S. Manufacturers

The strong U.S. dollar signals economic growth, but it is also hurting American businesses overseas, especially manufacturers, who face falling sales, squeezed profits and prospects of major job cuts. Caterpillar Inc., for example, the world’s largest construction and mining equipment maker, faced stiff competition due to the strong U.S. dollar […]

Speculative homebuilding may cause a single-family housing shortage

Last spring, Vince Phelps, a homebuilder in Lynchburg, Virginia, wanted to build a single-family home “on spec” – industry parlance for a dwelling built without an owner in place. But Phelps was soon frustrated: he couldn’t find a bank to loan him the money he needed to break ground – […]

MARCH DEFICIT EXPECTED TO INCREASE WITH END OF PORT STRIKES

February’s unusually low trade deficit will not be seen in March. The consensus forecast for the March trade deficit is $42.0 billion, up 11% from February’s revised deficit of $37.8 billion. The resolution of the West Coast port strike and a strong dollar will account for much of the trade […]

Auto Sales in April Expected to Soar on the back of Truck Sales

By Danni Santana Auto sales in April are expected to reach highs not seen in a decade, indicating sales are finally heating up after an icy start to the year. Both TrueCar and LMC Automotive predict 1.5 million vehicles will be sold in April, representing a 6 percent year-over-year increase […]

Accelerating Wage Gains, Strong Job Market Could Bolster Consumer Sentiment

By Michaela Ross Consumer sentiment is expected to rise this month against the backdrop of a strengthening labor market and wage gains. Predictions for Friday’s University of Michigan’s consumer sentiment index ticked up to 96 from April’s preliminary read of 95.9 and March’s 93. Sentiment has been declining this year […]

Personal Spending Will Pick Up, But Wages Continue to Lag

By Marguerite Ward Thursday’s personal income and outlays report will show strong personal spending that continues to outpace personal income. Personal income will likely rise by 0.2 percent for this month, down from 0.4 in February, according to a Bloomberg survey of 69 economists. The slowing personal income growth rate […]