Category Archives: fnc/us/economy

US businesses increased stockpiles slightly in March

U.S. businesses increased their stockpiles slightly in March, while their sales were flat. Continue reading

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US retail sales rebounded in April after sluggish winter

Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. Continue reading

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Claims for US unemployment aid fall by 2,000 to 236,000

Fewer Americans sought jobless benefits last week, and the number of people collecting unemployment checks fell to the lowest level since 1988. Continue reading

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Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy. Continue reading

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Chinese textile firm hiring up to 800 in east Arkansas

A Chinese textile company announced plans Wednesday to transform a former television factory in east Arkansas into its first North American facility, a $410 million project that’s expected to create up to 800 new jobs in the struggling Mississippi Delt… Continue reading

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Christie’s: Global sales of luxury homes cooled in 2016

Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million. Continue reading

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Shares in Sealed Air fall on 1Q loss

Shares in Sealed Air Corp. fell after the company reported a first-quarter loss and lower revenue on the heels of the $3.2 billion sale of its food hygiene and cleaning business to Bain Capital in March. Continue reading

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Retail funk: Stores face biggest challenges since recession

It’s starting to look a lot like the Great Recession redux for retailers. Continue reading

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US consumer borrowing rises solid $16.4 billion in March

Americans consumers stepped up their borrowing in March, taking out more loans for cars and school. Continue reading

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Looking for a job? These 5 areas are doing the most hiring

By many measures the job market is in its best shape since before the Great Recession. Continue reading

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Buffett cuts stake in IBM and shares slide

Warren Buffett says he’s sold about a third of the 81 million shares he holds in IBM, sending the stock sharply lower before the opening bell. Continue reading

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US jobs data show some scars from recession finally healing

After a hiring slowdown in March, the U.S. job market is thought to have resumed solid growth in April, a trend that would help underpin an economic rebound after a weak start to the year. Continue reading

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US factory orders tick up in March

Orders to U.S. factories turned in the weakest performance in four months, although a key category that tracks business investment showed more strength. Continue reading

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US productivity posts sharpest fall in a year

The productivity of American workers fell in the first quarter by the sharpest amount in a year, while labor costs increased. Continue reading

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US trade deficit narrows in March

The U.S. trade deficit narrowed in March to the lowest level since October as both exports and imports fell. Continue reading

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Small business lending: Is glass half-full or half-empty?

Is the glass of small business lending half-full or half-empty? Banks and government data point to a recovery in small business loans since the recession, with loan figures nearly back to their 2008 levels. Continue reading

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Small companies reduced hiring in April, adding 61,000 jobs

SEESAW CONTINUES: Small businesses added 61,000 jobs in April, down nearly half from the revised 117,000 in March and 91,000 in February, according to payroll provider ADP. Continue reading

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US services firms grow faster in April

U.S. services companies expanded at a faster pace in April, which is good news for the overall American economy. Continue reading

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Auto sales tumble; 7-year win streak could come to an end

The five top-selling automakers in the U.S. all reported sales declines last month as demand seems to be slowing after seven straight years of growth. Continue reading

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Charter posts profit, but misses forecasts

Charter Communications, the cable and internet provider, posted a profit in its first quarter after reporting a loss a year ago as it benefited from its acquisitions of rivals Time Warner Cable and Bright House Networks. Continue reading

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