by - July 19, 2012 7:02 pm
Sales of existing U.S. homes unexpectedly dropped and manufacturing in the Philadelphia region contracted for a third month, showing economic weakness is extending into the second half of the year….
by - July 18, 2012 5:33 pm
New U.S. home construction rose in June to the highest level in almost four years, indicating the residential real estate market is strengthening even as other parts of the economy…
by - July 17, 2012 6:06 pm
Across-the-board cuts to federal programs may cost the U.S. 2.14 million jobs and reduce the gross domestic product by $215 billion next year, according to a study funded by defense…
by - July 16, 2012 2:44 pm
A worst-in-a-generation drought from Indiana to Arkansas to California is damaging crops and rural economies and threatening to drive food prices to record levels. Agriculture, though a small part of…
by - July 16, 2012 2:28 pm
Retail sales in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers. The 0.5% drop followed a 0.2% decrease in…
by - July 13, 2012 5:01 pm
Confidence among U.S. consumers unexpectedly declined in July to the lowest level this year as Americans grew more pessimistic about their finances. The Thomson Reuters/University of Michigan index of consumer…
by - July 12, 2012 2:10 pm
Consumer confidence stagnated last week as scant improvement in the labor market left Americans more discouraged about the economy. The Bloomberg Consumer Comfort Index held at minus 37.5 in the…
by - July 11, 2012 5:57 pm
A few Federal Reserve policy makers said the central bank will probably need to take further action to boost the labor market and meet its inflation target, according to minutes…
by - July 11, 2012 10:40 am
The trade deficit in the U.S. narrowed in May as falling crude oil prices and weakening demand for consumer goods trimmed the import bill. The gap shrank 3.8% to $48.7…
by - July 10, 2012 5:02 pm
Job openings increased in May after plunging the prior month, easing concern the U.S. job market was faltering. The number of positions waiting to be filled climbed by 195,000 to…
by - July 10, 2012 8:02 am
Confidence among U.S. small companies dropped in June to its lowest point since October, driven by concern that sales and the economy will deteriorate. The National Federation of Independent Business’…
by - July 6, 2012 4:52 pm
Best Buy Co. will cut 2,400 jobs, or about 1.4% of its workforce, starting immediately, according to a person familiar with the plans. About 600 Geek Squad tech support jobs…
by - July 6, 2012 10:57 am
Rents and occupancies at U.S. shopping centers rose in the second quarter amid little development of properties, research company Reis Inc. said. Occupied space rose by a net 2.06 million…
by - July 6, 2012 10:50 am
Employers in the U.S. hired fewer workers than forecast in June, showing the labor market is making scant progress toward reducing joblessness. Payrolls rose 80,000 last month after a 77,000…
by - July 5, 2012 6:23 pm
U.S. retailers’ June same-store sales about matched analysts’ estimates, with luxury chains such as Saks Inc. and discounters like TJX Cos. topping expectations and stores targeting middle-income consumers trailing projections….
by - July 5, 2012 2:57 pm
Fewer Americans filed first-time claims for unemployment insurance payments and companies added more workers than forecast, easing concern the labor market is faltering further. Applications for jobless benefits fell 14,000…
by - July 3, 2012 2:00 pm
BLOOMBERG — The U.S. economy will grow by 2% this year and about 2.25 percent in 2013 amid a “tepid” recovery and the European debt crisis, the International Monetary Fund…
by - July 2, 2012 2:48 pm
BLOOMBERG — Manufacturing in the U.S. unexpectedly shrank in June for the first time since the economy emerged from the recession three years ago, indicating a mainstay of the expansion…
by - June 26, 2012 12:33 pm
Retail gasoline in the U.S. dropped by the most in 13 months this week, dragged down by crude futures trading below $80 a barrel, the Energy Department said. The average…
by - June 26, 2012 12:15 pm
BLOOMBERG — Confidence among U.S. consumers dropped in June for a fourth consecutive month as mounting concern over jobs and incomes dimmed the outlook for spending. The Conference Board’s sentiment…
