Tuesday, April 30, 2013
U.S. consumer spending unexpectedly rose in March as benign inflation supported households' buying power, but the growth momentum was unlikely to be sustained amid higher taxes.
The number of Americans who signed contracts to buy homes rose in March to the highest level in three years.
Monday, April 29, 2013
Six months ago, Jane Adhiambo Achieng walked into a local Kenyan bank with the hope of getting a loan for her small grocery business.
Paying taxes in the United States can be incredibly unpleasant. Writing the actual check and mailing it off to the Internal Revenue Service isn't the hard part. No, the irksome part of the process is figuring out how much you actually owe the government.
Saturday, April 27, 2013
U.S. economic growth regained speed in the first quarter, but not as much as expected, which could heighten fears the already weakening economy could struggle to handle deep government spending cuts and higher taxes.
Thursday, April 25, 2013
Orders for long-lasting U.S. manufactured goods recorded their biggest drop in seven months in March and a gauge of planned business spending rose only modestly, signs of a slowdown in economic activity.
The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of U.S. households, says a report released Tuesday.
Wednesday, April 24, 2013
Manufacturing grew in April at its most sluggish pace in six months as demand from domestic customers fell, suggesting the American economy was losing momentum in the second quarter, a survey showed on Tuesday.
Yahoo on Monday released an iPhone app that weaves in story-summarizing software bought from a London schoolboy last month for a sum reported to be around US$30 million.
The U.S. Senate moved Monday toward expected approval of a bill that would subject online retailers to state sales taxes, cutting a advantage that helped them steal business from brick and mortar stores.