U.S. construction spending dropped 1.7 percent in March, the biggest setback in 11 months, with weakness in a number of sectors including the biggest plunge in home building in nine years. The March decline was the first monthly drop since ...
Read More »Get ready for the most expensive driving season in years
Get ready for a little bit more pain at the pump this summer. Crude-oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way. The U.S. daily ...
Read More »Fed is set to leave rates alone; expected to hike later in year
The Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year. The central bank is ...
Read More »US consumer spending rebounded 0.4 percent in March
Americans boosted their spending by 0.4 percent in March, the best showing in three months. Meanwhile, a key gauge of inflation closely watched by the Federal Reserve rose at the fastest pace in more than a year. The March increase ...
Read More »US economic growth slowed to 2.3 percent pace in Q1
The U.S. economy slowed to a moderate 2.3 percent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years. Still, the January-March increase came in better than expected, supporting hopes for ...
Read More »US businesses raise pay at fastest pace in 11 years
U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages. The Labor Department said Friday that its employment-cost index shows ...
Read More »US durable-goods orders up 2.6 percent in March
Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four. The big rise in orders for durable goods, which followed an ...
Read More »Southwest has faced fines, union safety complaints
Southwest Airlines runs its planes hard. They make many short hops and more trips per day than other U.S. airliners, which adds to wear and tear on parts, including the engines. As the investigation into last week’s deadly engine failure ...
Read More »February home prices soar in a fierce competition to buy
U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home-price index released Tuesday jumped 6.3 percent in February from a year earlier, matching December’s increase. That ...
Read More »US sales of new homes shot up 4 percent in March
Sales of new U.S. homes jumped 4 percent in March, propelled by a surge of buying in the West. The Commerce Department said Tuesday that sales last month were at a seasonally adjusted annual rate of 694,000. The two prior ...
Read More »Boss buzzing you after hours? One city might let you unplug
Technology that once promised freedom from the confines of an office has, for many workers, become a ball and chain, blurring the lines between work hours and, well, any other hours. A New York City Council member wants to put ...
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