Chris Mignano’s 8-cylinder, 8-seater Toyota Land Cruiser costs him nearly 100 bucks at the pump, and will likely cost more as prices peak midsummer. As […]
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As trade deficit widens, the need for new trading partners grows
A widening U.S. trade deficit in January points to economic recovery, while weak export sales to Europe indicate a need for emerging export markets. The […]
Economic Growth Slow but Steady
Three consecutive months of job growth indicates that the economy has finally reached a point of stability, after gaining more jobs in the month of […]
Job Growth Powering Forward? Hold That Thought
Initial unemployment claims rose to 362,000 for the week ending March 3, an increase of 8,000 from the previous week’s claims, demonstrating that the unqualified […]
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 […]
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 […]
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 […]
First Report on Personal Income and Spending in 2012 got a Weak Start
MARCH 1, 2012 By Natalia V. Osipova Americans saw their income rise again in January, but spending remained flat for the third month in a […]
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 […]
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 […]