First-quarter economic growth up 3.1%, slightly better than Wall Street expected
The U.S. economy grew by 3.1% to start the year, slightly better than expected and providing some relief at a time when recession fears are accelerating, the Commerce Department reported Thursday.
Consumers are the most confident about their job prospects in nearly 2 decades
Data released by The Conference Board shows 47.2% of consumers polled in May thought jobs are “plentiful.”
Mohamed El-Erian: Don’t underestimate a ‘Reagan moment’ for Trump on China
President Trump stands a chance of creating a new economic world order in his China trade fight, says economist Mohamed El-Erian.
Pennsylvania, Vermont and Wisconsin just set new lows for unemployment
At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.
US consumer sentiment surges to highest level in 15 years
Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday
No easy options for China as trade war, U.S. pressure bite
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
US business inventories unchanged in March as sales surge
U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.
Stronger home sales boost builder confidence in May
The nation’s homebuilders are reporting a rebound in sales, and that’s making them more optimistic about the housing market.
Fed’s Kashkari says US is ‘in a very strong position’ on trade battle with China
Even amid substantial bouts of market tumult, Minneapolis Fed President Neel Kashkari sees the U.S. as holding the upper hand in its trade showdown with China.