Martin Crutsinger
U.S. consumer confidence falls for second month in August
WASHINGTON (AP) – United States consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of...
U.S. manufacturing improves in July, outlook clouded by virus
WASHINGTON (AP) – United States manufacturing improved again in July with a key gauge of activity rising further into expansion territory.
The Institute for Supply...
U.S. economy shrank at record-breaking 33% rate last quarter
WASHINGTON (AP) – The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge...
U.S. consumer confidence tumbles in July as COVID-19 spreads
WASHINGTON (AP) – United States consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the...
U.S. budget deficit hits all-time high of $864 billion in June
WASHINGTON (AP) – The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus...
U.S. wholesale prices fell 0.2% in June as food costs plunged
WASHINGTON (AP) – United States wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
The Labor...
U.S. GDP fell at 5% rate in Q1; worse is likely...
WASHINGTON (AP) – The United States economy shrank at a 5% rate in the first quarter with a much worse decline expected in the...
Powell warns that long downturn would mean severe damage
WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing...
Fed: Will use ‘full range of tools’ to boost economy
WASHINGTON (AP) – The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession...
U.S. wholesale prices rise 0.4% in May led by food and...
WASHINGTON (AP) – United States wholesale prices rose 0.4% in May, led by a gains in the cost of food and energy.
The Labor Department...
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