Consumer Spending Forecast to Boost U.S. Economy
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
Economic Growth
How to Get Rich by Banking on the Echo Boomers
Although the economic potential of echo boomers may not be as promising as some are expecting, there are several ways investors can profit from their behavior.
U.S. Workers More Productive in 1Q -- But Just Barely
U.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012.
Economic Growth Picks Up in 1Q But Not as Much as Hoped
U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years.
Lew Calls on Trade-Surplus Nations to Bolster Consumer Demand
Speaking in Berlin, U.S. Treasury Secretary Jack Lew on Tuesday urged countries with a trade surplus to introduce policies to help domestic consumption.
GDP Report: U.S. Economy Expands at 0.4% Rate
The economy grew at a slightly faster but still anemic rate at the end of last year. There's hope that growth accelerated in early 2013, despite higher taxes and spending cuts.
'Dow 36,000' Co-Author Says This Time, It'll Happen
With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.
Why Smart Investors Should Support Immigration Reform
For the first time in a generation, there seems to be political will on both sides of the aisle to pass new immigration legislation. It's an issue generally framed as a political or cultural one, but it has profound consequences for investors, businesses and the whole U.S. economy.
U.S. GDP Grew at 0.1% Rate in Fourth Quarter
The U.S. economy grew at a 0.1 percent annual rate from October through December, the weakest performance in nearly two years. But economists believe a steady housing rebound in housing and solid business and consumer spending is pushing growth higher in the current quarter.
Fed Beige Book Survey: U.S. Economy Picked Up at End of Year
Holiday shopping, strong auto sales and a recovering housing market helped boost the U.S. economy from the middle of November through early January, according to a Federal Reserve survey released Wednesday.
U.S. Economy Grew at 3.1 Percent in Summer
The U.S. economy grew at an annual rate of 3.1 percent over the summer as exports increased, consumers spent more and state and local governments added to growth for the first time in three years. But the economy is likely slowing in the current quarter.
Manufacturing Rose 1.1% Last Month on Rebound from Sandy
U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Fed says factory output increased 1.1 percent from October, offsetting a 1 percent decline from the month before, which was blamed on the storm.
Worker Productivity Growth Revised Upward to 2.9 Percent
U.S. workers were more productive this summer than initially thought, while costing their companies less. The Labor Department says productivity grew at an annual rate of 2.9 percent from July through September. That's the fastest pace in two years.
U.S. Economy Grew at 2.7 Percent Rate in Summer
The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength is expected to fade in the final months of the year because of uncertainty about looming tax increases and government spending cuts.
Stock Futures Moving Higher as Budget Talks Proceed
U.S. stock futures are moving higher on optimism over a deal on the U.S. budget ahead of a high-level meeting between the Treasury chief and Senate leaders, as well as improving unemployment and economic growth numbers.