Category Archives: fnc/us/economy

{FD} WTO ruling favors Mexico in US ‘dolphin-safe’ tuna spat

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The World Trade Organization says Mexico’s tuna industry has been harmed by U.S. “dolphin-safe” labeling rules and the country can seek retaliatory measures worth hundreds of millions of dollars. Continue reading

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{FD} US consumer confidence dips in April but remains strong

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U.S. consumer confidence slipped in April but remains at high levels. Continue reading

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{FD} JetBlue’s profit sinks 59 percent as fuel costs rise

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JetBlue’s first-quarter profit sank 59 percent from a year ago as fuel costs and other expenses rose and the airline made less revenue from every seat flown. Continue reading

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{FD} US new-home sales climb to 8-month high in March

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U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. Continue reading

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{FD} US home prices rose at the fastest pace in nearly 3 years

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U.S. home prices rose steadily upward in February as more homebuyers chased fewer available properties, a trend that many analysts say may not be sustainable. Continue reading

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{FD} Many condominiums for sale, rent at Chicago’s Trump Tower

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An unusually large number of luxury condominiums are for sale or available for rent at Trump Tower in Chicago. Continue reading

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{FD} Unisys’ adjusted earnings top estimates, stock surges

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Shares in Unisys Corp. surged on Monday after its adjusted quarterly earnings topped Wall Street expectations. Continue reading

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{FD} Hasbro heads for the loo and business booms

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Business for Hasbro is in the toilet, which turns out to be a pretty good place. Continue reading

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{FD} Survey of economists finds optimism about growth prospects

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Business economists are generally optimistic about the U.S. economy with most expecting stronger growth than last year’s poor performance. Continue reading

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{FD} 1st farmer lawsuit on deck against Syngenta over China trade

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The first of tens of thousands of U.S. lawsuits is about to go to trial against Swiss agribusiness giant Syngenta over its decision to introduce a genetically engineered corn variety to the U.S. market before China approved it for imports. Continue reading

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{FD} Unemployment rates fall to record lows in 4 US states

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Unemployment rates fell to record lows in four U.S. states last month after months of steady job creation nationwide. Continue reading

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{FD} US home sales rise shoot up to 10-year high

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Americans purchased homes in March at the fastest pace in over a decade, a strong start to the traditional spring buying season. Continue reading

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{FD} Mattel shares drop after toy maker posts disappointing sales

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Mattel shares dropped after the nation’s largest toy maker reported a 15 percent drop in sales for the fiscal first quarter as it dealt with holiday hangover of too many items unsold. Continue reading

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{FD} E-Trade tops Street 1Q forecasts

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NEW YORK (AP) _ E-Trade Financial Corp. (ETFC) on Thursday reported first-quarter net income of $145 million. Continue reading

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{FD} Applications for US jobless aid rise but remain at low level

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More people sought U.S. unemployment benefits last week, yet total applications remained at a historically low level that suggests workers are enjoying solid job security. Continue reading

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{FD} GM halts operations in Venezuela after factory is seized

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General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets. Continue reading

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{FD} Fed survey finds moderate economic growth in spring

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The Federal Reserve says the U.S. economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages. Continue reading

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{FD} Inspector who tried to rein in illegal logging was fired

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Rolando Navarro, still in his 30s, had no illusions when he took the top job in Peru’s forest inspection agency in 2012. Continue reading

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{FD} IMF foresees global economy accelerating to 3.5 pct. in ’17

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A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. Continue reading

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{FD} US housing starts fell in March; still stronger than in 2016

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U.S. builders broke ground on fewer homes in March, but the pace of construction so far this year remains stronger than in 2016. Continue reading

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{FD} United’s 1Q profit fell 69 percent, before dragging incident

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United Airlines’ profit plunged 69 percent in the first three months of the year, and that was before the terrible publicity surrounding the dragging of a bloodied passenger off a plane. Continue reading

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{FD} US homebuilder sentiment slips, but overall outlook positive

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U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable. Continue reading

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{FD} US businesses increase inventories by a modest 0.3 percent

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U.S. businesses increased their stockpiles in February by a modest amount while their sales slowed a bit. Continue reading

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{FD} Consumer prices down 0.3 percent in March

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Consumer prices fell in March by the largest amount in more than two years, pushed lower by another sharp decline in the price of gasoline and other energy products. Continue reading

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{FD} US retail sales fell in March, second straight monthly drop

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Americans pulled back on their spending at auto dealers and restaurants in March, causing retail sales to drop despite signs of a healthy job market. Continue reading

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{FD} US wholesale inflation slid in March as energy prices fell

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Inflation at the wholesale level slid last month, pulled down by plummeting energy prices. Continue reading

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{FD} US jobless aid applications fell to 234,000 last week

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Fewer Americans sought unemployment benefits last week, which is evidence of a stable job market and greater security for workers. Continue reading

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{FD} US employers posted more jobs in February and quitting fell

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U.S. employers posted more open positions in February, but the number of people getting hired and the number quitting jobs fell. Continue reading

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{FD} Fed Chair Yellen says economy close to achieving Fed goals

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Federal Reserve Chair Janet Yellen says the central bank is moving close to achieving its goals on employment and inflation. Continue reading

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{FD} Report: Countries should help those hurt by free trade

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The world isn’t doing enough to help workers and communities damaged by free trade, the International Monetary Fund, World Bank and World Trade Organization say. Continue reading

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{FD} Retail store job cuts deepen as more buyers migrate online

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Retail stores are cutting jobs at the sharpest pace in more than seven years, evidence of a seemingly inexorable shift away from employee-heavy stores as Americans increasingly shop online. Continue reading

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{FD} Consumer borrowing up solid $15.2 billion in February

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Consumers stepped up their borrowing in February as a rebound in the use of credit cards offset a slowdown in borrowing on autos and student loans. Continue reading

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{FD} US employers add just 98K jobs, as rate falls to 4.5 pct.

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U.S. employers added just 98,000 jobs last month, the fewest in a year, though the unemployment rate fell to an almost seven-year low of 4.5 percent. Continue reading

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{FD} GM keeps profit forecast despite headwinds in US market

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Used car prices are falling, U.S. sales are off to a slow start, car inventories are growing and interest rates are on the rise. Continue reading

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{FD} Average US 30-year mortgage rate falls to 4.10 percent

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Long-term U.S. mortgage rates fell this week for a third straight week, approaching their low points for the year. Continue reading

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{FD} US services firms grew at slower pace in March

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U.S. services companies saw their growth rate taper off in March, as hiring and business activity remained positive but dipped relative to February. Continue reading

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{FD} Survey: US companies add 263K jobs in March, most in 2 years

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U.S. private businesses added the most jobs in more than two years last month, a private survey found, a third straight month of robust gains. Continue reading

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{FD} Former president of Kmart to lead Texas-based Pier 1 Imports

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A former president of retail chain Kmart has been named president and CEO of Pier 1 Imports. Continue reading

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{FD} US factory orders up 1 percent in February

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Orders to U.S. factories rose in February amid a surge in demand for commercial aircraft, but a key category that tracks business investment spending slipped for the first time in five months. Continue reading

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{FD} US trade deficit drops sharply to $43.6 billion in February

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The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month. Continue reading

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{FD} Airbus, Samsung, others lobby Trump team on investment

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At a time of public skepticism about global trade, a dozen CEOs from foreign-based companies with big U.S. operations will meet Tuesday with Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and congressional leaders to talk up the bene… Continue reading

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{FD} Car sales keep falling, but buyers pay more for trucks, SUVs

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Passenger car sales continued to plummet last month and were a drag for many automakers, even with offers of some very juicy discounts. Continue reading

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{FD} US factories expand again in March but at slower pace

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American factories expanded for the seventh straight month in March but at a slightly slower pace than they did in February. Continue reading

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{FD} US construction spending rose to nearly 11-year high

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U.S. developers ramped up construction spending in February to the largest amount in nearly 11 years, led by more building of homes, highways and schools. Continue reading

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{FD} US consumer spending up tiny 0.1 percent in February

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U.S. consumers increased their spending at the weakest pace in six months, while the 12-month rise in consumer prices was the largest in nearly five years. Continue reading

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{FD} US economy grew at 2.1 percent rate in Q4

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The U.S. economy grew at a slightly faster rate in the fourth quarter than earlier estimates, as consumers powered economic momentum heading into 2017. Continue reading

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{FD} Applications for US unemployment aid fell to 258K last week

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Fewer Americans sought unemployment benefits last week, evidence that the U.S. job market remains healthy. Continue reading

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{FD} Lululemon’s shares drop after weak outlook

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Shares of Lululemon Athletica Inc. fell about 18 percent Wednesday after the athletic-inspired sportswear company delivered a weak outlook for the current quarter. Continue reading

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{FD} Agency settles case over ex-player’s videogame company deal

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Rhode Island’s economic development agency says it has settled a lawsuit brought against it by the U.S. Securities and Exchange Commission over the state’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s videogame company. Continue reading

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{FD} Contracts to buy US homes hit highest level since April

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More Americans signed contracts to buy homes last month as warm weather and rising confidence appeared to encourage consumers to look for houses. Continue reading

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