A sharp drop in auto sales will likely drag down the overall increase in retail sales, but other sectors are likely to show strong gains. […]
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As More Shoppers Go Online, Retailers Close Stores, Open Warehouses
Best Buy, a consumer electronics retailer, will close 50 stores this year. Sears, best known for selling appliances, tires and tools, also plans to close […]
Europe’s failing economy: a one-two punch for U.S. exports
The global consequences of weak demand in Europe will likely drive up the U.S. trade deficit for February and in the coming months. In January, […]
Job Numbers Up, but Disappointing
The economy seems to be losing momentum as job growth slows dramatically at the end of the first quarter. The addition of 120,000 private sector […]
Chrysler and Co. Pump Out Another Strong Month for Autos
Smaller, fuel-efficient cars powered total vehicle sales in March, bolstering the resurgent American economy and accelerating the auto industry. Chrysler sold more than 163,000 vehicles […]
Jobless Claims Down Again. Does it Matter?
Initial jobless claims on the whole are declining, making a slight decrease in tomorrow’s report highly probable but also rather negligible. Based on the last […]
Pent-Up Demand Ramps Up Factory Activity
By Ken Christensen In response to improvements in overall job growth and consumer spending, factories continued to recover last month from their severe hit during […]
Protected: All the Wine in New York State
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Consumer Spending Accelerates, But Income Doesn’t Keep Up the Pace
MARCH 30, 2012 By Natalia V. Osipova Two months of solid consumer spending shows the U.S. recovery is gathering momentum. But it’s not yet time […]
Home Prices Fell to 2003 Levels in January
U.S. home prices dropped for the ninth consecutive month in January and despite a smaller decline than previous months, the numbers are only encouraging compared […]