Saturday, October 18, 2014
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.
U.S. stocks opened higher Friday as investors weighed the latest corporate earnings news and data showing home construction picked up last month. General Electric and Morgan Stanley were among the early gainers after each reported earnings that beat analysts' estimates.
Friday, October 17, 2014
U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics.
The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting fewer workers and hiring could remain healthy.
The U.S. Treasury said Wednesday that China does not manipulate its currency, but pushed Beijing to do more to focus on domestic demand — not exports — to drive economic growth.
Thursday, October 16, 2014
U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending.
Inflation was limited last month because of falling gasoline and food costs that have lowered the prices that U.S. companies received for their goods and services.
U.S. stocks tumbled in morning trading Wednesday as investor fears of a global economic slowdown intensified, setting the Dow Jones industrial average on course for its fourth consecutive loss.
Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.
Sunday, October 12, 2014
Former Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc.