US economy grew at solid 3.1% rate in first quarter

Business 06/27/19, 11:32

The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between ...

China’s factory output, retail sales weaken amid tariff war

Business 05/14/19, 23:30

China's factory output and consumer spending weakened in April as a tariff war with Washington intensified. Wednesday's data prompted suggestions Beijing will need to prop up economic growth with more government spending. Government data showed growth in factory output decelerated to 5.4 ...

US consumer confidence improves in April

Business 04/30/19, 10:50

American consumers are feeling more confident this month, though optimism hasn't fully recovered from a period of roiling markets and slowed hiring early this year. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to ...

US consumer spending surges 0.9% in March

Business 04/29/19, 08:15

U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent.The March gain was the biggest monthly increase since August 2009, the Commerce Department reported Monday. That's a marked improvement after three ...

Outlook for the US economy and stock market brightens

Business 04/26/19, 15:13

The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record high Friday. The ...

Asian stocks sink after Wall Street declines

Business 04/18/19, 00:38

Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data.Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed.U.S. stocks fell despite data showing Chinese gross domestic product growth held steady in the latest ...

US retail sales declined 0.2 percent in February

Business 04/01/19, 08:36

U.S. retail sales fell in February, as consumers pulled back their spending on building materials, groceries, furniture, electronics and clothing declined amid signs of a slowing economy. The Commerce Department said Monday that retail sales fell 0.2 percent in February, after ...

US consumer spending edges up weak 0.1 percent in January

Business 03/29/19, 08:55

U.S. consumer spending edged up a tiny 0.1 percent in January, while incomes advanced a modest 0.2 percent in February, further evidence that economic activity may have decelerated after strong growth for most of last year. The Commerce Department said Friday ...

US consumer spending fell sharp 0.5 percent in December

Business 03/01/19, 08:55

U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.The fall in consumer spending followed sizable gains ...

China slump squeezes workers, hammers consumer spending

Business 01/19/19, 19:35

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off ...

China slump squeezes workers, hammers consumer spending

Business 01/17/19, 23:21

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off ...

US consumer spending rises solid 0.4 percent in November

Business 12/21/18, 12:59

Americans lifted their spending 0.4 percent in November from the previous month, a moderate gain that should sustain steady economic growth. Personal incomes rose 0.2 percent, down from 0.5 percent in the previous month, the Commerce Department said Friday. Consumer spending jumped ...

US consumer spending up strong 0.6 percent in October

Business 11/29/18, 08:35

Consumers boosted their spending in September at the fastest pace in seven months, while their incomes rose by the largest amount in nine months. Both are good signs for future economic growth.FILE- In this Nov. 9, 2018, file photo shoppers ...

US economy grew at brisk 3.5 pct. annual rate last quarter

Business 11/28/18, 08:33

The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated.The Commerce Department's figure for gross domestic product, the broadest measure ...

Japan’s economy shrank in July-September as trade falls

Business 11/13/18, 23:27

The Japanese economy shrank at an annualized rate of 1.2 percent in July-September, as consumer spending, investment and exports fell, according to government data released Wednesday.Cabinet Office preliminary data showed seasonally adjusted gross domestic product — the total value of ...

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