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.
Powell says the Fed is not forecasting or expecting a recession
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. 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.
JP Morgan: The stock market ‘will advance into year-end’
Markets will rally for the rest of the year, according to J.P. Morgan.
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.
Crowds force Costco to shut maiden China store early on opening day
U.S. wholesale chain Costco was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after large crowds flocked through the door and caused traffic jams in the Shanghai neighborhood.
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.