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."
GDP Growth Slows to 2.1% in Second Quarter
Consumers increased spending while exporters and manufacturers cut back.
American Express Beats Q2 Earnings Estimates
Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”
Tee Time: The Quiz
It’s a peak season for the U.S. golf industry. See how much you know about the business side of this popular sport.
U.S. Inflation Picks Up the Most in 15 Months
Deceleration in consumer spending is expected to curb the increase and keep interest rates unchanged.
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.
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
Consumer Spending Drops 0.5% in December
The biggest drop in spending since 2009 confirmed expectations that the economy will slow down further in the first three months of 2019.
U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
Consumer Spending Jumps 0.6% in October
U.S. shoppers are benefiting from moderate inflationary pressures, while incomes increased 0.5% last month.