Browsing: Economy

The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, plunged 42.6 points in May to negative 31.8,…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May on worries that political haggling over raising the federal government’s…

The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online, offering a respite…

New U.S. home construction rebounded in April as limited inventory helped to jolt homebuyer demand, but the housing market remains in a slump. Housing starts climbed…

By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana’s official sector creditors have formed a committee co-chaired by China and France for debt…

The numbers: U.S. industrial production rose 0.5% in April after two flat months, the Federal Reserve reported Tuesday. The gain in April was above expectations of…

A key measure of home-purchase applications fell sharply last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s (MBA)…

(Bloomberg) — A summer of road trips powered by premium gasoline is about to get more affordable. Gasoline makers in the US are stocking up on…

The numbers: Homebuilders are feeling optimistic amid strong demand from buyers who are struggling with a low number of houses for sale.  Many sellers are holding…

The rapid rise of artificial intelligence and development tools like ChatGPT has stoked fears among many people that their jobs will be automated in the near…