Filings for Jobless Benefits Fall for Third Straight Week
Filings for U.S. unemployment benefits declined for a third consecutive week, signaling sustained firming in the labor market.
June 2, 2016Consumer Spending Up in April; Confidence Down in May
Consumer spending climbed in April by the most in almost seven years, but consumer confidence unexpectedly fell in May to the lowest level in six months, according to two reports released May 31.
May 31, 2016OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Consumer Sentiment in US Increases Less Than Forecast in May
Consumer confidence in the United States climbed less than forecast in May as Americans were a little less ebullient about the economy’s prospects in the run up to the presidential election, the University of Michigan’s report showed May 27.
May 27, 2016US Economy Grew Faster Than Anticipated in First Quarter
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, as gross domestic product rose at a 0.8% annualized rate in the three months ended in March.
May 27, 2016Oil Eases Gains After Exceeding $50 for First Time This Year
Crude prices in New York and London briefly breached the long-anticipated $50-a-barrel barrier May 26, with West Texas Intermediate touching as high as $50.21 before paring gains and closing at $49.48 on the New York Mercantile Exchange.
May 26, 2016US Antitrust Chief Concerned About CP Rail-Norfolk Proposed Trust
The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.
March 10, 2016Construction Spending in January Exceeds Expectations
Construction outlays surged a greater-than-expected 1.5% in January after an upwardly revised 0.6% advance (prior was 0.1%) a month earlier — a combination that will help spur first-quarter gross domestic product.
March 1, 2016Transport Topics Closed Jan. 25, 26 as Washington Digs Out From Blizzard
Arlington, Va.-based Transport Topics is closed Jan. 25 and Jan. 26 as Washington struggles to overcome the blizzard that blanketed parts of the Mid-Atlantic region with two feet of snow.
January 25, 2016Brent Crude Oil Dips Below $30 a Barrel for First Time Since 2004
Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.
January 14, 2016