Saturday, January 18, 2014
U.S. factory output rose for a fifth straight month in December, as manufacturers cranked out more cars and trucks, appliances and processed food. The gains suggest factories gave economic growth a strong boost at the end of the year.
U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.
Outgoing Federal Reserve Chairman Ben Bernanke said Thursday that the U.S. central bank is well-prepared to handle any risks from its stimulus, such as higher inflation and asset bubbles.
Friday, January 17, 2014
U.S. consumer prices rose last month by the most since June, driven up by higher gas prices, but excluding energy, inflation was tame.
The U.S. economy grew at a “moderate” pace across most regions at the end of 2013, the Federal Reserve's “Beige Book” survey showed Thursday, with muted price and wage rises.
Historic subsidies propping up U.S. wind energy ended on Jan. 1 and Congress refused to renew them, despite supporters arguing that the aid has made renewable power cheaper than coal.
Brazil on Wednesday raised its key interest rate by 50 basis points to 10.5 percent, as Latin America's largest economy pursues an aggressive drive to curb inflation.
Thursday, January 16, 2014
A U.S. appeals court on Tuesday struck down as unconstitutional a “Net Neutrality” rule that bars broadband Internet providers from blocking or playing favorites for online services.
JPMorgan Chase said Tuesday that its profits fell 7 percent in the fourth quarter, hampered by more legal woes and a decline in the bank's investment banking business.
Wednesday, January 15, 2014
Americans bought more clothing in December, clicked frequently at online retailers and paid higher gas prices. They cut back on cars and almost everywhere else, providing a lackluster end to the holiday shopping season.