Economic Activity
918 results total, viewing 211 - 220
WASHINGTON - Consumer spending in the U.S. rose in August for a fourth consecutive month as a pickup in incomes bolstered the biggest part of the economy. Household purchases, which account for … more
After a Tuesday recount reaffirmed the Election Day vote rejecting the Mohegan Tribal Gaming Authority’s plans for a casino in Palmer, Mass., the developer agreed to team up with Suffolk Downs on its casino bid in Revere, Boston.com reported Wednesday. more
Consumer confidence in the U.S. dropped in October to a 10-month low, showing the reopening of the federal government failed to reassure households. more
U.S. stocks rose, with the Standard & Poor’s 500 Index trimming its weekly decline, as optimism grew that the lawmakers would reach a deal to end the budget impasse and avoid a default on the federal debt. more
The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession. more
A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader economic recovery. more
Fewer Americans signed contracts in June to buy previously owned homes, showing rising mortgage rates are beginning to restrain the housing market. more
A measure of job prospects in the U.S. advanced in August to a more than five-year high, a sign the labor market is improving. more
U.S. stocks and Treasuries rose after orders for American durable goods fell more than forecast, spurring speculation the Federal Reserve will refrain from a large reduction in stimulus. more
Payrolls in the U.S. increased more than forecast in October, a sign that employers were optimistic the world’s biggest economy would weather the effects of the federal government shutdown. more
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