Gasoline Prices Fall to Lowest Since February
Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc.
September 22, 2014Sales of Existing Homes Decrease as Investors Retreat
Purchases of previously owned U.S. homes declined in August for the first time in five months as investors retreated from the market.
September 22, 2014US Port Labor Talks Turn on Automation Cutting Workers
West Coast shippers and dockworkers are struggling to reach a labor agreement as terminal operators replace as many as half of laborers at some ports with robots in the largest technological change in half a century.
September 19, 2014Leading Economic Indicators Increase 0.2% in August
The Conference Board’s index of U.S. leading economic indicators, a gauge of the outlook for the next three to six months, climbed 0.2% in August after increasing 1.1% the prior month, the New York-based group said.
September 19, 2014Housing Starts Drop in August
Housing starts slumped in August after reaching the highest level in almost seven years, pointing to an uneven pickup in the U.S. residential real-estate market that will limit its contribution to economic growth.
September 18, 2014Jobless Claims Decline to Two-Month Low of 280,000
The number of Americans filing applications for unemployment benefits plunged last week to a two-month low, a sign the labor market continues to strengthen.
September 18, 2014Consumer Prices Drop for First Time in a Year
The cost of living in the U.S. unexpectedly dropped in August for the first time in more than a year.
September 17, 2014Homebuilder Confidence Rises to Nine-Year High
Confidence among U.S. homebuilders rose in September to a nine-year high, showing the industry is gaining ground and will be a source of momentum for the economy.
September 17, 2014Wholesale Prices Little Changed in August
Wholesale prices in the U.S. were little changed in August from the prior month, restrained by a plunge in gasoline prices and a sign of limited inflation in the production pipeline.
September 16, 2014Auto Manufacturing Slips in August, But Decline may be Short-Lived
Industrial production in the U.S. unexpectedly declined in August for the first time in seven months as auto manufacturing cooled.
September 15, 2014