Home / Tag Archives: U.S. Economy

Tag Archives: U.S. Economy

Beware of scary Brexit headlines pushing you to buy gold

gold, Brexit

NEW YORK (AP) — If you thought the Brexit vote was scary, check out the full page newspaper ad that recently appeared in The New York Times recounting all the horrors in the present tense, as if they were still unfolding: The vote “topples” the British government, “crushes” the pound and “wipes away” billions in stock market wealth. Then came ...

Read More »

Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

Read More »

US retail sales rose in May despite slower hiring

WASHINGTON (AP) — U.S. shoppers increased their spending in May, a sign that consumers are undeterred by the recent slowdown in hiring. The Commerce Department said Tuesday retail sales rose a seasonally adjusted 0.5 percent last month, the second straight increase after a 1.3 percent gain in April. Retail sales appear to be improving after a weak start to 2016, ...

Read More »

US gains just 38K jobs, fewest in 5 years; rate at 4.7 pct.

WASHINGTON (AP) — U.S. employers drastically slowed their hiring in May, adding just 38,000 jobs, the fewest in more than 5 years and a sign of concern after the economy barely grew in the first three months of the year. At the same time, the unemployment rate tumbled to 4.7 percent from 5 percent, the Labor Department said Friday, its ...

Read More »

US services firms grew at slowest pace since February 2014

WASHINGTON (AP) — U.S. services firms grew at the slowest pace in more than two years last month. The Institute for Supply Management said Friday that its services index fell to 52.9 last month from April’s 55.7. It was the lowest reading since February 2014. Anything above 50 signals growth. A measure of employment in services fell last month for ...

Read More »

US home prices rise in March as spring buying season begins

WASHINGTON (AP) — U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven’t thwarted sales. The Standard & Poor’s/Case-Shiller 20-city home price index increased 5.4 percent in March compared with a year earlier, according to a report released Tuesday. That is the same annual gain as in February. Solid ...

Read More »

US wholesale stockpiles and sales break a losing streak

WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles and reported higher sales in March for the first time since September, the Commerce Department said Tuesday. Inventories held by wholesalers rose 0.1 in March from February. And sales rose 0.7 percent, the biggest monthly increase since April 2015. Rising oil prices played a role in snapping the losing streak in ...

Read More »

Texas, New Mexico oil producers push for import limits

ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. “American oil is competing against a cartel of government operators which has a stated initiative ...

Read More »

US factory output fell again in March

WASHINGTON (AP) — U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Factory production fell 0.3 percent, following a 0.1 percent drop in February, the Federal Reserve said Friday. The figures suggest that American manufacturers are still struggling with the triple whammy of weak overseas growth, the strong ...

Read More »

US retail sales fall in March as Americans buy fewer cars

WASHINGTON (AP) — U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely. Sales at retail stores and restaurants fell by a seasonally adjusted 0.3 percent in March, the Commerce Department said Wednesday, following a flat reading in February and a drop in January. Americans have ...

Read More »