LONDON (AP) — Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world’s largest economy is not slowing down, as some […]
WASHINGTON (AP) — Americans shrugged off higher taxes to lift the U.S. economy at the start of the year. Government spending fell, though, and the impact of the tax increases along with federal budget cuts could slow growth later this year.
WASHINGTON (AP) — U.S. consumers stepped up spending in February after their income jumped, aided by a stronger job market that offset some of the drag from higher taxes.
WASHINGTON (AP) — A burst of hiring last month added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January. The robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.
WASHINGTON (AP) – Americans stepped up their spending at retail businesses in September, reflecting higher consumer confidence. The increase was driven by another strong month of auto sales and the release of the iPhone5. Retail […]
WASHINGTON (AP) – U.S. service companies grew at a faster pace in August than July, further evidence that the economy may be improving. The Institute for Supply Management says that its index of non-manufacturing activity […]
(AP) – Today’s jobs numbers are seen as an indication that the U.S. economy might be resilient enough to pull out of a midyear slump and grow modestly as the rest of the world slows […]
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