Service Industries Expand at Fastest Pace Since 2005
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014.
August 5, 2014China Turning to Natural Gas as Means of Reducing Greenhouse-Gas Emissions
Powering vehicles with natural gas, a cleaner alternative to diesel fuel and gasoline, is catching on faster in China than in any other nation as President Xi Jinping seeks to reduce smog.
August 4, 2014Jobless Claims in Past Month Drop to Eight-Year Low
Fewer Americans filed applications for unemployment insurance benefits over the past month than at any time in more than eight years, signaling employers are hanging on to workers as demand improves.
July 31, 2014Economy Grows in Second Quarter as Consumer Spending Rises
Gains in consumer spending and business investment helped the U.S. economy rebound more than forecast in the second quarter following a slump in the prior three months that was smaller than previously estimated.
July 30, 2014Consumer Confidence Rises to Highest Since October 2007
Confidence among U.S. consumers soared in July to the highest level in almost seven years on the heels of a strengthening labor market.
July 29, 2014Pending Sales of Existing Homes Decline in June
The index of pending home sales declined 1.1 % in June after rising 6% in May, figures from the National Association of Realtors showed.
July 28, 2014US Gasoline Prices Falling on Production, Lundberg Says
U.S. refineries are flexing their muscles and helping lower gasoline prices in the middle of the peak driving season.
July 28, 2014Orders for U.S. Capital Goods Rose After Revised May Drop
Orders for U.S. business equipment rose in June following a revised drop the prior month, indicating corporate investment remains stop-and-go and could hold back economic growth.
July 25, 2014Jobless Claims Decrease to Eight-Year Low
The number of Americans filing applications for unemployment benefits dropped last week to the lowest level in more than eight years.
July 24, 2014Sales of Previously Owned Homes Rise to Eight-Month High
Sales of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market.
July 22, 2014