U.S. Adds Chinese Startups to Trade Blacklist
Ahead of this week's trade talks between the two countries, the timing of the U.S. action "is going to be awkward for the Chinese."
Consumer Spending Rises Only 0.1% in August
With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
U.S. GDP Gain Revised Down to 2.0% for Q2
The government's second estimate of GDP showed a rebound in corporate profits as businesses benefited from strong consumer spending.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Key Investment Measure Surges 1.9% in June
"The trend in durable goods orders remains decidedly weak" amid worries about a global growth slowdown and trade tensions.
U.S. Housing Starts Decline in June
The housing market continues to struggle despite lower mortgage rates.
U.S. Trade Deficit Jumps to Five-Month High
Trade tensions between the United States and China continue to spur volatility.
U.S. Factory Orders Decline 0.8% in April
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.
U.S. Economy Posts Surprise 3.2% GDP Gain
GDP got a boost in Q1 from a sharp decline in imports but economists warn that underlying spending and investment data point to slowing growth.