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Americans spent less in July as COVID-19 cases surged

NEW YORK (AP) — Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. Retail sales...

U.S. trade deficit hits record $75.7B in June

WASHINGTON (AP) – The United States trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for...

U.S. economy surpasses pre-pandemic size with 6.5% Q2 growth

WASHINGTON (AP) – Fueled by vaccinations and government aid, the United States economy grew at a solid 6.5% annual rate last quarter in another...

Biden admin stepping up community grants from COVID bill

WASHINGTON (AP) – President Joe Biden's administration is beginning to make $3 billion in economic development grants available to communities – a tenfold increase...

U.S. retail sales rose 0.6% in June, better than decline seen

Americans spent more last month on clothing, electronics and dining out as the economy opened up and pandemic-related restrictions were lifted. Retail sales rose a...

May consumer spending flat; incomes fall and prices jump

WASHINGTON (AP) – Consumer spending was flat in May with incomes dropping for a second month as the impact of the government's pandemic stimulus...

U.S. economy up 6.4% in Q1 with stronger future gains expected

WASHINGTON (AP) – The United States economy grew at a solid 6.4% annualized rate in the first three months of this year, setting the...

U.S. trade deficit hits record $74.4 billion in March

WASHINGTON (AP) – The United States trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported...

U.S. economy accelerated at a robust 6.4% rate last quarter

WASHINGTON (AP) – Powered by consumers, the United States economy grew at a brisk 6.4% annual rate last quarter – a show of strength...

U.S. new home sales surged 20.7% in March to 1.02 million

WASHINGTON (AP) – Sales of new homes surged 20.7% in March to the highest level since 2006, rebounding from a sharp decline the previous...

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