Monday, November 3, 2014
The sight is so surprising that Americans are sharing photos of it: The gas station sign, with a price of US$2-something a gallon.
Saturday, November 1, 2014
U.S. consumers cut spending in September for the first time in eight months, as incomes grew at the slowest pace this year. The figures underscore nagging economic soft spots that are expected to ease in the coming months.
Friday, October 31, 2014
The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.
The U.S. Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market -- a key condition for an eventual interest rate hike.
The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.
When the Federal Reserve announced the end of its landmark bond buying program Wednesday, it also signaled the start of something else:
The US$4 trillion experiment is almost over.1 Comment
Brazil's central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent — the first hike since April — in the wake of leftist Dilma Rousseff's reelection as president.
Wednesday, October 29, 2014
Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months. The declines, however, were likely a temporary soft patch that will likely be followed by a resumption of stronger growth.
Monday, October 27, 2014
The U.S. Federal Reserve is likely to make a final push into the post-crisis era this week with a decision to finally wind up its six-year-old economic stimulus operations.