• US business inventories continue to rise as sales post largest drop in over a year

    6 monthes ago - By CNBC

    U.S. business inventories increased solidly in January as sales recorded their biggest drop in 1½ years.
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  • Economic Roundup: U.S. Consumer Is Still Nursing a Hangover

    6 monthes ago - By Economy

    Retail sales fell in February, but spending should bounce back in March.
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  • Wall Street falls amid fears of trade war with China

    6 monthes ago - By Reuters

    NEW YORK - U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.
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  • A key engine of the economy is flashing a warning sign

    A key engine of the economy is flashing a warning sign

    6 monthes ago - By Business Insider

    US retail sales fell unexpectedly in February, a third month of declines that raised concerns about the strength of consumer spending, which accounts for over two-thirds of economic activity.
    Stocks fell sharply on the news and economists are revising down their forcasts for first quarter economic growth.
    Morgan Stanley now sees the economy expanding at an annualized rate of just 1.6% in the first quarter.
    Still, many expect a rebound later this year based on the strength of the labor market and tax cuts.
    US consumer spending accounts for more than two-thirds of the American economy, so it...
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  • U.S. retail sales falter; inflation creeping higher

    6 monthes ago - By Reuters

    WASHINGTON - U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, prompting analysts to downgrade their first-quarter economic growth forecasts.
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