U.S. Q1 GDP Growth Slows to 0.5%
Higher imports, lower nonresidential fixed investment, and a downturn in federal government spending contributed to the weak growth.
Orders For Durable Goods Get a Lift
Capital goods orders for June beat expectations, rebounding strongly after dropping the past two months.
Senate Targets Obamacare With Budget Resolution
Republicans are unlikely to follow up the blueprint's aggressive cuts to nondefense programs with actual legislation.
Consumer Spending Hits Speed Bump
Personal consumption expenditures decreased $40 billion, or 0.3%, in December, the Bureau of Economic Analysis said, mostly due to slowing car sales.
Teen Apparel Firm Delia’s Files for Bankruptcy
The company, founded in 1993, reported a loss in each of its last five fiscal years.
Wal-Mart Part-Timers to Lose Health-Care Benefits
Employees of the retailer that work less 30 hours a week will no longer be covered under the company's health-care plans.
Income Gap a ‘Macroeconomic Problem’ for States, S&P Says
Income inequality is hurting U.S. states that rely heavily on revenues generated from taxes on personal income and consumption.
Detroit’s Biggest Liability: Obsolete IT Systems
The bankrupt city's CFO and CIO testify that Detroit's information systems infrastructure is "fundamentally broken."