economic-growth

U.S. factory, confidence data brighten economic outlook

New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month in the wake of the election of Donald Trump as the next president. While the number of people filing for unemployment benefits…

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U.S. factory, confidence data brighten economic outlook

economic-growth

U.S. durable goods orders data points to weak business spending

New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery, suggesting an ongoing downturn in business spending. Business investment remains soft despite data ranging from retail sales to housing suggesting that U.S. economic growth has regained speed after growth almost stalled early in the year. The Commerce Department said on Wednesday non-defense

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U.S. durable goods orders data points to weak business spending

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Brexit a knockout punch to Fed’s interest rate divergence mantra

By Howard Schneider WASHINGTON (Reuters) – Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past 18 months the Fed has blinked more than once, and refrained from…

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Brexit a knockout punch to Fed’s interest rate divergence mantra

economic-growth

U.S. business spending mired in weakness, but economy picking up

U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year…

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U.S. business spending mired in weakness, but economy picking up

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Why China’s private sector needs a ‘high degree of attention’

By Kevin Yao BEIJING (Reuters) – Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to invest more in the economy and take up the slack as the government tries to engineer a shift away from largely state-run heavy industry to more entrepreneurial and services-led growth. Unfortunately, just when China needs the private

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Why China’s private sector needs a ‘high degree of attention’

economic-growth

U.S. workforce growth may give Fed one more reason to go slow on rates

By Jason Lange RALEIGH, N.C. (Reuters) – Americans with a high school education or less are returning to the labor force in larger numbers, a trend that points to a broadening of economic growth, but could also keep wage growth subdued and stay the Federal Reserve's hand in its hiking cycle. The Federal Reserve meets this week and is expected

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U.S. workforce growth may give Fed one more reason to go slow on rates

economic-growth

Fed holds steady, eyes two rate hikes this year

The Federal Reserve held interest rates steady on Wednesday and indicated that moderate U.S. economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by the year's end, half the number seen in December. Inflation picked up in recent months,” the Fed said in a …

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Fed holds steady, eyes two rate hikes this year

economic-growth

AIG strikes deal with Icahn, avoids proxy fight

The agreement with Icahn comes just two days ahead of AIG's deadline for shareholders to submit board candidates. Sandler O'Neill & Partners LP analyst Paul Newsome said the deal does not signal the end of the tussle between AIG's management and Icahn. AIG said it agreed to nominate Paulson, a billionaire investor and president of Paulson & Co, and Samuel Merksamer

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AIG strikes deal with Icahn, avoids proxy fight

economic-growth

Yellen’s dilemma: a downturn with no easy response

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to “normal” policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. Fed chair …

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Yellen’s dilemma: a downturn with no easy response

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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 percent annual rate, the Commerce Department said on Friday in a report that showed a further cutback in investment by energy firms grappling with lower oil prices. Growth in consumer spending also slowed as unseasonably mild weather cut into

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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh

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