The tepid pace of U.S. consumer spending in May was nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gains.
June 30, 2017Government
Narrower Trade Gap May Boost Growth Pace in Second Quarter
The narrower U.S. merchandise trade deficit and increases in inventories may boost analysts’ tracking estimates of economic growth this quarter.
June 29, 2017GovernmentBusiness
Consumer Confidence Unexpectedly Rises
An unexpected rebound in U.S. consumer confidence reflects a buoyant labor market and improved business conditions.
June 28, 2017GovernmentBusiness
IMF Cuts US Economy Outlook, Calls Trump's Growth Target Unlikely
The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth.
June 28, 2017GovernmentBusiness
Slowdown in Business-Equipment Orders May Weigh on Growth
Commerce Department data showed an unexpected decline in U.S. orders for business equipment.
June 26, 2017Government
Ohio EPA to Lower Nitrogen Oxide Output; Effort to Be Funded by $71.4 Million from VW
Ohio expects to receive $71.4 million from the Volkswagen Mitigation Trust Agreement between 2017 and 2027 to fund projects to reduce nitrogen oxide emissions from commercial trucks and other sources in the transportation sector, the Ohio Environmental Protection Agency said.
June 26, 2017Government
Surging Prices for New Homes Suggest Tight Low-End Supply
Record prices for new U.S. homes amid a sales pickup indicate the supply of houses may be tight at the lower end of the market, pinching first-time buyers, government data showed June 23.
June 23, 2017Business
Jobless Claims Show Tight Labor Market, Even With Increase
The slight gain in filings for U.S. unemployment benefits last week is still consistent with a resilient job market, Labor Department figures showed June 22.
June 22, 2017
Business
ATA Economic Summit Will Assess Health of Key Industries Using Trucking Services
Fleet executives will get a chance to check out the health of their customers’ industries at an economic summit, where chief economists from nine trade associations provide briefings on the current state of those business groups and what is expected in coming months.
June 19, 2017