Consumer Confidence Drops From Nine-Month High
Consumer confidence fell in May from a nine-month high, according to the Thomson Reuters/University of Michigan preliminary sentiment index.
May 16, 2014Housing Starts Rise 13.2% in April
Housing starts climbed 13.2% in April to a 1.07 million annualized rate following March’s 947,000 pace, the Commerce Department reported.
May 16, 2014Industrial Production Declines in April
Industrial production decreased 0.6% in April after a 0.9% gain the prior month that was larger than previously reported, the Federal Reserve said May 15.
May 15, 2014Jobless Claims Decline to Lowest Level in Seven Years
Jobless claims dropped by 24,000 to 297,000 in the week ended May 10, the least since May 2007, the Labor Department reported.
May 15, 2014Wholesale Prices Rise by Most in More Than a Year
Wholesale prices in the United States rose 0.6% in April, the largest increase in more than a year, the Labor Department reported.
May 14, 2014VW Secures Backing to Complete Scania Bid, Bolster Heavy-Trucks Division
Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.
May 13, 2014Retail Sales Rise 0.1% in April, Following Largest Gain in Four Years
Retail sales increased 0.1% in April after the biggest increase in four years, the Commerce Department reported May 13.
May 13, 2014Jobless Claims Decline by 26,000
Jobless claims fell 26,000 to 319,000 in the week ended May 3 from a revised 345,000 in the prior period, the Labor Department reported.
May 8, 2014Productivity of Workers Declines in First Quarter
The measure of employee output per hour dropped at a 1.7% annualized rate, the weakest reading in a year, after rising at a 2.3 % pace in the last three months of 2013, the Labor Department reported.
May 7, 2014Trade Gap Shrinks in March by 3.6% to $40.4 Billion
The trade deficit narrowed in March by 3.6% to $40.4 billion from the prior month’s $41.9 billion, the Commerce Department reported.
May 6, 2014