December Retail Sales Fall 1.1% After Slipping in November
Spending had remained resilient despite a spike in inflation that began almost 19 months ago, but the capacity of Americans to continue that spending has ebbed. read more >
Spending had remained resilient despite a spike in inflation that began almost 19 months ago, but the capacity of Americans to continue that spending has ebbed. read more >
The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods. read more >
Economists noted that the third-quarter gain in GDP could be traced entirely to the surge in exports, which added 2.7 percentage points to the economy's expansion. read more >
Still, there were signs that rising prices are weighing on shoppers. read more >
The sales figures for August were largely boosted by higher spending on vehicles. read more >
In its previous estimate for the April-June quarter, the government had estimated that the economy had shrunk at a 0.9% rate. read more >
Still, Wednesday's report contained some positive signs: Excluding autos and auto parts, retail sales rose 0.4% in July. read more >
Home prices have kept climbing — albeit at a slower pace than earlier this year. read more >
One year ago the average 30-year rate was 2.8%. read more >
The figures aren't adjusted for inflation and so largely reflect higher prices, particularly for gas. read more >
Still, the negative GDP number probably doesn't signal the start of a recession, and economists expect growth to resume later this year. read more >
A sharp decline in auto sales, largely because of higher prices and shortages of new car inventories, depressed the retail sales figure. read more >
The White House said Biden's actions would boost the industry, but some U.S. companies believe the measures will benefit China. read more >
Scenic Hill Solar CEO Bill Halter said the executive orders will eliminate a "self-inflicted wound" to domestic solar projects. read more >
The announcement follows months of complaints from the industry over a Commerce Department investigation that has slowed or postponed solar projects across the nation. read more >
The increase was driven by greater sales of cars and electronics, and spending at restaurants. read more >
A Commerce Department investigation that threatens the development of the solar energy industry raises concerns about U.S. energy independence. read more >
Sharply higher prices for food, gasoline and other necessities are squeezing Americans' finances. read more >
The investigation could result in retroactive tariffs of up to 240%. read more >
Sales increased 0.3% after registering a revised 4.9% jump from December to January. read more >
