US Economy - Page 25

Reuters - The Japanese government kept its assessment of the economy unchanged in a monthly report on Monday, after downgrading it for the first time in almost two years last month.

Economy News AP - Parliament on Sunday took up measures meant to bring Chinese law into line with a more open, capitalist-style economy by protecting private property and equalizing taxes for foreign and domestic companies. More Info...  

AP - Parliament on Sunday took up measures meant to bring Chinese law into line with a more open, capitalist-style economy by protecting private property and equalizing taxes for foreign and domestic companies. More Info...  

Economy News

AP - Keeping the nation's cash registers ringing, consumers boosted their spending in November by the largest amount in four months, raising hopes shoppers will act more like Santas than Scrooges during the holidays.

AP - Keeping the nation's cash registers ringing, consumers boosted their spending in November by the largest amount in four months, raising hopes shoppers will act more like Santas than Scrooges during the holidays.

Reuters - U.S. consumer confidence ebbed in December, while a key measure of inflation held steady in November for first time in four years, boosting the chances of Federal Reserve interest rate cuts in 2007.

Reuters - U.S. consumer sentiment slipped in December but was not far from the year's highs, a report said on Friday, suggesting Americans were guardedly optimistic about the economy in the holiday season.

Reuters - Investor confidence in the U.S. economy fell slightly in December but still remained high, responding to rallying stock markets and the shift from a Republican to a Democratic Congress, according to the UBS/Gallup Index of Investor Optimism released on Friday. More Info...  

Reuters - U.S. incomes and spending rose more modestly than expected in November, while core consumer prices were unexpectedly flat in the month, a government report showed on Friday.

Economy News

AP - The economy felt the strain of the housing bust and lost momentum in the late summer, with more sluggish performances expected in the months ahead.

Reuters - The U.S. economy grew at a tepid 2 percent annual rate in the third quarter, hurt by the sharpest housing slump in 15 years, while mid-Atlantic region business activity stumbled in December, data showed on Thursday.

Reuters - U.S. growth should pick up gradually next year, Richmond Federal Reserve Bank President Jeffrey Lacker said on Thursday, and he warned the main threat to this benign outlook was higher inflation. More Info...  

AFP - US economic growth has been a bit more sluggish than earlier estimated in the third quarter, growing at a 2.0 percent annualized pace, according to revised data.

AP - The number of newly laid-off workers signing up for unemployment benefits rose last week as companies kept a close eye on the size of their work forces amid slowing economic activity.

Reuters - The U.S. economy grew at a slightly less vigorous rate during the third quarter than previously thought, slowed by the sharpest slump in housing activity in more than 15 years, the Commerce Department said on Thursday.

Economy News

AP - Wholesale prices surged in November by the largest amount in more than three decades, led by huge increases in the cost of gasoline and new cars and trucks.

Reuters - U.S. producer prices posted their largest gain in more than three decades last month as energy and vehicles prices jumped, while home building rebounded from a six-year low.

Reuters - U.S. producer prices jumped a bigger-than-expected 2 percent in November, the largest gain in more than three decades, on a spike in energy prices, a government report showed on Tuesday.

AP - Housing construction increased in November even though applications for permits to build new homes dropped for a 10th straight month. More Info...  

Reuters - The pace of U.S. home building rose in November as new home starts climbed 6.7 percent, rebounding from a sharp decline in October while building permits fell 3 percent, a government report showed on Tuesday.