Category: Economy

Private payrolls up 156K in July vs. 150k est: ADP/Moody’s

Companies added more jobs than expected in July amid concerns that the U.S. economy was slowing and the labor market was nearing full employment. Private payrolls...

GDP growth fails to hit Trump’s 3% target in 2018

The government’s latest update on economic output dashed the Trump administration’s longstanding hope for 3% GDP growth in 2018. The Commerce...

Amazon’s rivals are enjoying a Prime Day bump in sales, Adobe says

Amazon‘s Prime Day is fueling other retailers’ online sales, an early reading shows. On Monday, the first day of Amazon’s 48-hour shopping extravaganza...

Homebuilder sentiment ticks up slightly

Workers install roof trusses on a home under construction in Vineyard, Utah, U.S., on Tuesday, March 12, 2019. George Frey | Bloomberg | Getty Images The nation’s...

Fed chair says relationship between inflation and unemployment is gone

Federal Reserve Chairman Jerome Powell said the relationship between unemployment and inflation has collapsed. “The relationship between the slack in the economy...

Payrolls rise 224,000, unemployment rate 3.7%.

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment...

Personal income and spending May 2019

U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the...

Tariff threat looming over G-20 meeting between Trump and Xi Jinping

President Donald Trump’s threat to impose punishing new tariffs on $300 billion in Chinese goods looms over his planned meeting with Chinese President Xi Jinping...

Fed’s James Bullard wanted an ‘insurance’ rate

St. Louis Fed President James Bullard wanted his fellow central bankers to approve an “insurance” rate cut at this week’s meeting as a guard against...

US business inventories rebound; sales fall

An employee operates a forklift at the distribution center of the Oregon Freeze Dry facility in Tangent, Oregon. Leah Nash | Bloomberg | Getty Images U.S. business...