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Dec. 11 (Bloomberg) -- Retail sales and consumer confidence in the U.S. increased more than forecast, indicating that economic growth is picking up as the new year approaches.
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Data released yesterday eased some worries about Americans' willingness to spend this holiday season, but stores remain worried because of mediocre sales so far.
The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.
Encouraging news about how consumers feel about the economy and how much they're spending sent stocks higher on Friday.
The sprawling measure grants the government broad new authority to break up large financial companies if their size poses a major risk to the economy, as well as to seize and dismantle them if they teeter near bankruptcy. A new $150 billion fund, paid for by the financial industry, would cover the costs of any government takeovers.
America needs a national economic goal, which begins with reforming the nation's trade policies that are hemorrhaging this country's jobs and treasure overseas, said Michael Stumo of the Coalition for a Prosperous America.
US retail sales surged in November and, for the first time in three months, consumer confidence rose, leading analysts to upgrade their economic growth forecasts yesterday. Retail sales rose 1.3 percent last month, suggesting consumers were buying...
The US House tightened rules for derivatives and created powers to break apart large, healthy financial firms that threaten the economy in legislation passed over objections from Wall Street and Republicans. Lawmakers voted 223-202 to create a Con...
More than a year after the near-collapse of Wall Street plunged the economy into crisis, a divided House on Friday approved the most sweeping overhaul of the nation's financial regulatory system since the Great Depression.
Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.
Dec. 12 (Bloomberg) -- Asian stocks fell for the third week in four, led by Japanese banks, after the nation’s economy grew more slowly than estimated. Technology shares rose on optimism a U.S. economic recovery will bolster demand.
WASHINGTON (AP) – Businesses unexpectedly increased their inventories nationwide in October, halting a slide of 13 consecutive declines. The small gai....
Gov. Jennifer Granholm will be on NBC's "Meet the Press" on Channel 4 at 10:30 a.m. Sunday as part of an hourlong show on jobs and the economy.
Stocks mostly rose Friday on signs that consumers and businesses are feeling more confident about the economy. The Commerce Department said retail sales rose 1.3 percent in November, more than double the increase analysts had expected and better than the 1.1 percent rise in October. The report boosted hopes that consumers are starting to feel more...
Dec. 12 (Bloomberg) -- The dollar advanced to a two-month high against the euro as a bigger-than-forecast increase in retail sales and consumer sentiment indicated the U.S. economic recovery may be gaining momentum.
Consumers are spending, and companies are rebuilding stockpiles. But stores remain worried that they may have to offer deeper discounts than planned.
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