Solid U.S. retail sales calm some worries about economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
Resilient U.S. Growth Propels Stocks as Trade Fears Ease
Investors have been piling back into stocks and unwinding massive bets on haven assets, illustrating renewed faith that a resilient U.S. consumer can continue powering economic growth.
Survey: US services sector expanded at faster pace in August
U.S. services expanded at a stronger pace in August, driven by an uptick in business activity and new orders.
Private payroll growth way above Wall Street estimates despite recession fears
Company payrolls surged by 195,000 in August, well above Wall Street estimates and at a time when fears have been growing about a looming recession, according to a report Thursday from ADP and Moody’s Analytics.
Strong consumer spending propping up U.S. economy
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
U.S. economy slows in second quarter; consumer spending robust
Gross domestic product increased at a 2.0% annualized rate, the Commerce Department said in its second reading of second-quarter GDP on Thursday.
European officials draft radical plan to take on Trump and U.S. tech companies
European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.
Fed says July rate cut was ‘recalibration’ and not part of ‘pre-set course’ for more easing
Federal Reserve officials who voted to lower interest rates three weeks ago agreed that the move shouldn’t be viewed as an indication that there is a “pre-set course” for future cuts, according to meeting minutes released Wednesday.
A ‘recession dashboard’ from Credit Suisse indicates the economy is nowhere near a recession
Economic data looks nothing like that of a recession, according to Credit Suisse.
Consumers are America’s not so secret weapon to keep economy afloat, but they can’t save the world
With markets reeling from recession fears, the world is watching the resilient U.S. consumer, now in the strongest position since before the financial crisis — so far.