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Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery. The Commerce Department said Wednesday spending rose a brisk 0.7 percent last month, following a pullback in September...
Tags: US Commerce Department, Top Federal Reserve, U.S, consumers spending, domestic product, economic recovery, gross domestic, spending rose, percent annual, job market, Washington, Business Finance, Macroeconomics, Recessions, Business cycle, Unemployment, Economic disasters, Economy of the United States, Labor, Late 2000s recession in the Americas, Late 2000s recession in Europe, Transportation in the United States, Socioeconomics, Gross domestic product, Cent, Car Allowance Rebate System, Consumer spending, Disposable/Discretionary income, 111th United States Congress, Economic history of Mexico, Late-2000s recession
Commerce Department said on Wednesday it had imposed preliminary duties ranging from 10.90 percent to 30.69 percent on $2.6 billion of steel pipe from China used to transport oil. The decision in the case brought by the United Steelworkers union, U.S.
Tags: US Commerce Department, steel pipes, China, impose duties
Personal income fell in June, after a surging in the previous month on government stimulus, while spending by individuals increased, the government said Tuesday. The Commerce Department said personal income fell 1.4% in June, compared with a revised 1.3%...
Tags: consumers spending, personal income, income fell, Treasurys, U.S, government stimulus, spending rises, US Commerce Department
The U.S. trade deficit widened for the first time in eight months during March, as the price and use of imported oil both climbed. The U.S. deficit in international trade of goods and services increased to $27.58 billion from February's revised $26.13...
Tags: U.S, trade deficit, trade gap, deficit widened, US Commerce Department, gap widened, use trade, job openings, billion gap
Consumer spending rose in February, rebounding for the second month in row after falling for 6 straight months, according to government figures released Friday. The Commerce Department report showed spending by individuals rose 0.2% last month, after...
Tags: consumers spending, US Commerce Department, spending rose, personal consumption
Home construction unexpectedly surged in February, rebounding somewhat from seven consecutive declines as apartments soared and single-family housing rose weakly. Meanwhile, U.S. producer prices rose for a second-straight month in February, easing worries...
Tags: housing starts, U.S, US Commerce Department, annual rate, seasonally adjusted, housing market, producer price, adjusted annual, starts rose
Initial construction of U.S. homes fell to the lowest level on record in January, according to a government report released Wednesday. Starts of privately-owned houses fell to a seasonally adjusted annual rate of 466,000 in January, according to the Commerce...
Tags: housing starts, records lows, U.S, US Commerce Department, annual rate, building permits, adjusted annual, Federal Reserve, seasonally adjusted
Losses should not be "socialized." Consumer spending breaks five-month fall A series of gloomy economic reports Wednesday showed consumers holding tight to their wallets as job losses mount...Lower gasoline prices and widespread holiday discounts are...
London was down a percent, while Paris was off about half a percent...Asia and Pacific markets were mixed, with no clear direction in the trading...On Wall Street, stocks fell Tuesday in a sparsely traded session as the markets limped toward the end of...
Tags: consumer spending, used economy, US Commerce Department, wall street
U.S. retail sales fell in November because of lower demand for cars and falling gasoline prices, but the decline was milder than expected as consumers boosted spending for clothes, electronics, food, and furniture. Separately, prices fell for a fourth-straight...
Tags: retailers sales, U.S, fifth straight, US Commerce Department, sales fell, straight month, sales fall, sales dropped, motor vehicle