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 […]
Latest News
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 […]
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 […]
Initial Jobless Claims at Record Low: Encouraging Sign for Job seekers
Initial jobless claims for the week ending February 11 fell to the lowest numbers in four years, a sign that employees are in greater demand […]
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 […]
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 […]
The Huntsman Paradox
What’s Jon Huntsman Jr. to do? While the former Utah governor and U.S. ambassador to China seems to be roundly liked by many on both […]