World Bank Downgrades Forecast for Global Economy
World Bank Downgrades Forecast for Global Economy
2019-06-06 00:01:15
by Dan McCue

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More

As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy Economy
As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy
2019-05-24 01:36:22
by Dan McCue

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries ranging from farming to construction, according to a new study from the Beer Institute and the National Beer Wholesalers Association.... Read More

US Economy Grew at Strong 3.2 Percent Rate in First Quarter Economy
US Economy Grew at Strong 3.2 Percent Rate in First Quarter
2019-04-26 20:26:35
by Dan McCue

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the Commerce Department reported Friday. The numbers for the nation's gross domestic product were far better than expected and show an... Read More

Unemployment Claims Post Largest Increase in Nearly Two Years Economy
Unemployment Claims Post Largest Increase in Nearly Two Years
2019-04-25 18:14:57
by Dan McCue

The number of Americans filing applications for unemployment benefits saw their largest increase in 19 months last week, the Labor Department reported Thursday. Initial claims for state unemployment benefits jumped 37,000 to a seasonally adjusted 230,000 for the week ended... Read More

Retail Sales Surge in March, Reaching Fastest Pace Since 2017 Economy
Retail Sales Surge in March, Reaching Fastest Pace Since 2017
2019-04-18 19:56:41
by Dan McCue

Americans went on a buying binge in March, and their spending on cars, furniture and clothing resulted in the strongest increase in sales since September 2017, the Commerce Department said Thursday morning. Overall, sales increased by a seasonally adjusted 1.6... Read More

Federal Deficit Projected to Exceed $1 Trillion By Late September Economy
Federal Deficit Projected to Exceed $1 Trillion By Late September
2019-04-10 21:15:23
by Dan McCue

The federal budget deficit for the fiscal year to date is $691 billion and will exceed $1 trillion by the time the current budget year ends in September, the Treasury Department said Wednesday. In its monthly report on the government's... Read More

New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags Economy
New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
2019-03-29 23:37:27
by Dan McCue

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department reported Friday. That 4.9 percent increase is the highest level this category of home sales has reached since March 2018.... Read More

Single-Family Home Construction Slowed More Than Expected in February Economy
Single-Family Home Construction Slowed More Than Expected in February
2019-03-27 00:06:52
by Dan McCue

Construction of new single-family homes dropped more than expected in February, surpassing an 18-month low, the Commerce Department said Tuesday. Last month, so-called "housing starts" slumped 8.7 percent to a seasonally adjusted rate of 1.16 million units -- down from... Read More

US Mortgage Rates Fall Ahead of Spring Home Buying Season Economy
US Mortgage Rates Fall Ahead of Spring Home Buying Season
2019-03-21 23:29:26
by Dan McCue

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a home just as the spring home buying season gets under way, Freddie Mac said on Thursday. The average rate on... Read More

Baltimore Sues To Force Second Jewel Of Triple Crown To Stay Put Litigation
Baltimore Sues To Force Second Jewel Of Triple Crown To Stay Put
2019-03-20 21:34:55
by Dan McCue

Baltimore Mayor Catherine Pugh sued the owners of Pimlico Race Course on Tuesday in a bid to block them from moving one of the city's signature sporting events, the Preakness Stakes, to another thoroughbred racing track in Maryland. Pugh, a... Read More

Federal Reserve Foresees No Additional Interest Rate Hikes This Year Economy
Federal Reserve Foresees No Additional Interest Rate Hikes This Year
2019-03-20 20:53:15
by Dan McCue

The Federal Reserve's policymaking Federal Open Market Committee said Wednesday there will be no more interest rate hikes this year, baring a significant, unforeseen change in the economy. The unanimous decision by the committee following its two-day meeting this week... Read More

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