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.
Thursday, October 9, 2014
U.S. consumers increased their borrowing in August in the category that covers auto loans and student loans but cut back on their credit card borrowing.
The International Monetary Fund (IMF) slashed its 2014 economic growth forecast for Brazil by a full percentage point Tuesday, to 0.3 percent, blaming weak investment and a consumer funk.
Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, sources told AFP Tuesday.
Wednesday, October 8, 2014
U.S. home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers.
Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year, according to the nation's largest retail industry trade group.