Tag: Commerce Department
U.S. business-equipment orders post third drop in four months
NEW YORK - Orders placed with United States factories for business equipment fell in February for the third time in four months, suggesting corporate...
U.S. consumer spending misses forecasts as prices ease
NEW YORK - United States consumer spending in January was short of projections while inflation eased, an early read on the economy in the...
U.S. Q4 growth pace revised down to 2.2% from 2.6%
NEW YORK - United States economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting...
President’s offshore cash promise falters as $665B returns
NEW YORK - Corporate America brought $664.9 billion of offshore profits back to the United States last year, falling short of the $4 trillion...
U.S. business-equipment orders advance by most in 6 months
NEW YORK - Orders placed with United States factories for business equipment rebounded in January by the most in six months, a sign demand...
U.S. retail sales rise in Jan., stabilizing after a slump
NEW YORK - United States retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers...
U.S. trade gap surged to $621B in 2018, highest in decade
NEW YORK -The United States trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce...
U.S. 2018 construction spending rises by least in 7 years
NEW YORK - United States construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut...
U.S. GDP grows at 2.6% pace as business spending accelerates
NEW YORK - The United States economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger...
December drop in retail sales stokes fears of economic downturn
PROVIDENCE – A jarring drop in national retail sales in December coincided with an increase in the money anxiety index, which measures the public’s...
