U.S. consumer spending accelerated in November amid an increase in demand for recreational goods and utilities, but the strong pace of consumption is unlikely to be sustained as savings dropped to their lowest level in more than nine years. The Commerce Department said on Friday...
There could be serious problems in financial markets if long-term interest rates rise in 2018. There could be serious problems if they don’t. Since it became clear that the Republican tax plan was going to become law, Treasury investors have been a bit...
To judge from the stock market, investors think the economy is about to take off. They better hope they are right. The third quarter comes to a close on Saturday, and to judge from the reports that have been released so far, it...
Hedge fund kingpin Ray Dalio ripped Treasury Secretary Steven Mnuchin's advocacy of a weak dollar, saying the position threatens the economic recovery. In a brief LinkedIn post Thursday, the Bridgewater Associates head said a soft currency is exactly what the U.S. doesn't need right now. Dalio...
The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a...
As President Donald Trump promotes a tax plan critics say would raise the federal deficit by slashing corporate rates and eliminating some taxes paid by the rich, some three quarters of Americans believe the wealthiest should pay more, Reuters/Ipsos polling shows. ...
Ty Wright | Bloomberg | Getty Images Appliances on sale in Sarasota, Florida. The Commerce Department says that orders for long-lasting manufactured goods rose 2.9 percent in December, the fastest pace since June...
American Express Chief Executive Ken Chenault, beloved by the firm’s investors, is going out on a high note. His successor will have to contend with fundamental questions about the company’s business. AmEx’s business has shifted massively over the 16 years of Mr. Chenault’s...
More heads need to roll if Steinhoff International is to regain credibility. The owner of the Mattress Firm and Sleepy’s brands is embroiled in an accounting scandal that has reduced its market value by more than four-fifths this month. Last week the...
Lars Hagberg | AFP | Getty Images (L-R) Mexico's Secretary of Economy Ildefonso Guajardo Villarreal, Canada's Minister of Foreign Affairs Chrystia Freeland, and United States Trade Representative Robert E. Lighthizer gather for...