Other News

Auto Sales Rev Up for Second Straight Month

The Big Three auto giants exceeded sales forecasts last month, posting their highest gains in four years. Chrysler left economists’ predictions in the dust by reporting a 40 percent increase in sales for February compared to a year earlier. GM and Ford also motored ahead with growth figures that beat […]

Economic Recovery May Not Be A Durable Good

U.S. businesses slashed spending on machinery and equipment in January after a tax break ended, plummeting orders to the lowest level in the past 3 years. The Department of Commerce said on Tuesday that orders for durable goods – items such as airplanes, computers and household appliances —fell 4 percent […]

Manufacturing Slows but Grows

By Ken Christensen Expansion in the U.S. manufacturing sector unexpectedly slowed in February, according to Thursday’s report by the Institute for Supply Management. After four consecutive months of accelerating growth for the nation’s factories, the monthly index dropped to 52.4 from 54.1. Any number above 50 indicates expansion, which means […]

U.S. Home Prices Continue to Fall

U.S. home prices fell to its lowest levels in six years in December, according to Standard & Poor’s Case-Shiller home-price indices. Home prices fell 3.8 percent and 4 percent year-over-year. Prices are a third lower than their peak in 2006. This is the eighth month in a row of price […]

January Inflation Follows Fed’s Expectation

Consumer prices rose slightly in January, mainly lifted by energy and apparel costs due to the tension with Middle Eastern countries and a cotton supply shortage. The 0.2 percent is lower than economists’ forecasts, and they believe that current inflation is being contained by the Federal Reserve, which initially targeted […]

Existing Home Sales continue to soar

Existing home sales continued their upward rally in January, a sign affirming that the housing market is on the path to recovery. Around 4.57 million homes were sold in January, an estimate better than what was expected. This is a 4.3% increase from the December home sales, which were downwardly […]

Retail Sales Up, Car Sales Down

Retail sales rose 0.4% in January, well below expectations in a sign that the economy isn’t recovering quite as quickly as economists would like to think. Since automakers had reported an increase in unit sales earlier in the month, the 1.3% drop in motor vehicle sales was the biggest surprise […]

The Upside to the Widening Trade Deficit

The U.S. trade deficit grew in December and overall in 2011 for the second year in a row, a sign the economy is picking up steam, say economists. From November to December, the trade deficit grew to $48.8 billion from $47.1 billion. Within that gap are signs of economic growth: […]