Four years ago, Ottawa native Doug Janoff purchased a duplex in Fort Lauderdale. With a high Canadian dollar and cheap property prices, it seemed like […]
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Jump in Consumer Goods Could Signal End of Trade Decline
Dramatic boost in consumer goods imports and exports and a higher trade deficit suggest that months of steadily falling international trade amounts are finally at […]
So what are consumers actually spending their money on?
The news from the nation’s biggest retailers has been bleak as one after another have reported weak sales. Whether it’s Macy’s, which is laying off […]
“Save more, spend less” pushes American economy at a crawler-gear speed
American consumers cautiously increased their spending in February as personal income raised at a slower pace comparing to previous month, the U.S. Department of Commerce […]
Broad-Based Decline In Durable Goods Last Month
Low oil prices and weak global economies play major roles as new orders declined for durable goods last month, which was the third drop […]
Tire Industry Struggles Against Imports Despite Strong Year
Tire manufacturers are riding the auto boom to increase production but they continue to lose market share to imports they cannot compete with. Last […]
Sudden U-turn from consumers as U.S. Retail Sales drop in February
Consumers added mystery to the current strength of the economy as they curtailed their spending in retail stores and restaurants in the first two months […]
Housing Starts Rebound in February
New housing construction picked up in February after a January dip, a sign of the resilience of the housing market due to strong economic conditions. […]
The changing nature of the American apparel industry
Sitting in her office at the 17th floor of a midtown building in the garment district of New York City, Karen Sadaka speaks with a […]
Core Inflation Rate Strong Fourth Month in a Row, Yet Fed Remains Hesitant
February’s core 12-month inflation rate met or surpassed the Federal Reserve’s target for the fourth month in a row, showing signs of a strengthening economy. […]