Author: Sarah Pizon

U.S. Auto Industry Heads Green; But With Difficulty

Joseph Alfords, a North Carolina resident, says his 80 minutes, 44 miles daily commute has been putting a pinch on his pocketbook. So he traded his Toyota Tacoma truck for a smaller hybrid car last month – a Ford Focus Hatchback. “Fuel economy was a significant factor in my choice,” […]

Overall Durable Goods Expected to Continue Plunging In March

Overall durable goods orders are expected to show a slight decrease in March confirming a slow economic recovery ever since the beginning of the quarter. Economists are predicting Wednesday’s report to headline a 1.7 percent drop in overall orders. The sharp fall of Boeing orders this past month – from […]

Durable Goods Hint At A Weak Quarter

New orders for long-lasting U.S. goods increased only slightly in February, signaling that economic growth in the first quarter could be tame following December’s expiration of a tax incentive. The Department of Commerce’s data showed that goods orders rose 2.2 percent last month to $211.8 billion, only partially reversing January’s […]

Boeing Ready For Take Off This Year

While Airbus made headlines at the end of last year–marking its biggest ever share of the global market with more than 1400 orders–a recent EU emission trading scheme has halted the European aircraft manufacturer’s momentum as China and India froze more than $14 billion orders this month. In an effort […]

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 […]