Consumer Spending Increases by Most in Three Months
Consumer spending in the United States rose in February by the most in three months as incomes increased, a sign that economic momentum was returning as Americans recovered from an unusually harsh winter.
March 28, 2014US Economy Expands More Than Previously Estimated in Fourth Quarter
The U.S. economy grew more rapidly in the fourth quarter than previously estimated, as consumer spending climbed by the most in three years, showing the expansion had momentum heading into this year’s harsh winter.
March 27, 2014Existing Home Sales Decline for Eighth Month
Contracts to purchase previously owned homes fell in February for an eighth straight month, a sign of further weakness in the industry.
March 27, 2014Jobless Claims Decline to Four-Month Low
Applications for U.S. unemployment benefits declined last week to an almost four-month low, a sign companies are confident in the outlook for demand.
March 27, 2014Capital Goods Orders Drop as Business Spending Cools
Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum following an unusually harsh winter that put a damper on demand.
March 26, 2014Sales of New Homes Fall to Five-Month Low
Purchases of new homes in the United States fell in February to the lowest level in five months, a sign the industry may take time to pick up after inclement weather damped demand earlier in the year.
March 25, 2014Home Prices in 20 US Cities Rose 13.2% in Year to January
Residential real estate prices climbed at a slower pace in the year through January than a month earlier, indicating momentum in the housing market may be cooling.
March 25, 2014California Drought Has Salmon Hitching Rides in Trucks
California will begin hauling 30 million young Chinook salmon hundreds of miles toward the Pacific Ocean in tanker trucks to save the fishing industry after a record drought left rivers too low for migration.
March 25, 2014CSAV, Hapag-Lloyd to Become Fourth-Largest Container Line
Cia. Sud Americana de Vapores SA shareholders approved a proposed combination of its container shipping operations with Germany’s Hapag-Lloyd AG to create the world’s fourth-largest container line.
March 24, 2014Sales of Existing Homes Fall to Lowest Since 2012
Purchases of previously owned homes in the United States declined in February to the lowest level since July 2012, a sign the industry may be slow to recover.
March 20, 2014