Friday, February 14, 2014
Cold weather across much of the United States contributed to a drop in retail sales in January. Americans spent less on autos and clothing and at restaurants — a decline that suggests that momentum from consumer spending at the end of 2013 has tailed off.
Thursday, February 13, 2014
The last of three major credit rating agencies downgraded Puerto Rico's debt by two notches to junk status on Tuesday.
Wednesday, February 12, 2014
Federal Reserve Chair Janet Yellen said that if the economy keeps improving, the U.S. central bank will take “further measured steps” to reduce the support it's providing through monthly bond purchases.
Colombian President Juan Manuel Santos met Monday with the leaders of Chile, Mexico and Peru to sign a major regional trade pact formed with an eye on Asian markets.
Monday, February 10, 2014
For education, health care and financial services in St. Louis, the jobs crisis that peaked about five years ago is over. For construction and manufacturing, it decidedly is not.
Sunday, February 9, 2014
Puerto Rico's credit rating was dealt its second blow in a week when Moody's Investors Service announced Friday it had downgraded the U.S. territory's debt to junk status.
Saturday, February 8, 2014
Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
The largest U.S. retail trade group expects retail sales will increase at a slightly faster pace this year than last as continued improvements in jobs and housing should help shoppers feel more confident about spending.
A free smartphone application has encouraged more than 70,000 Argentines to become citizen cops as they shop.
Friday, February 7, 2014
The U.S. trade deficit increased in December after hitting a four-year low in November. But for the year, the deficit fell to its lowest point since 2009 as exports rose to an all-time high.