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 […]
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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 […]
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 […]