• Tech stocks, Netflix power Wall Street's gains

    6 days ago - By Reuters

    U.S. stocks rose more than 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years.
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  • US factory output edged up just 0.1 percent in March, yearly growth is 3 percent

    6 days ago - By Chron

    WASHINGTON - US factory output edged up just 0.1 percent in March, yearly growth is 3 percent.
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  • US factory output ticked up just 0.1 percent in March

    6 days ago - By Chron

    WASHINGTON - U.S. factory output edged up a slight 0.1 percent in March, as strong production gains in motor vehicles and electronics were partially offset by declines in food and textiles.
    The Federal Reserve said Tuesday that factory output slowed from a 1.5 percent gain in February, though it has risen 3 percent over the past year.
    Stable growth worldwide has led to increased demand for consumer goods and business equipment, driving much of the business seen by manufacturers. The gains during the past 12 months have been led by automobiles, home electronics and metal products. But...
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  • Housing Starts increased to 1.319 Million Annual Rate in March

    Housing Starts increased to 1.319 Million Annual Rate in March

    6 days ago - By Calculated Risk

    From the Census Bureau: Permits, Starts and Completions
    Housing Starts:
    Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,319,000. This is 1.9 percent above the revised February estimate of 1,295,000 and is 10.9 percent above the March 2017 rate of 1,189,000. Single-family housing starts in March were at a rate of 867,000; this is 3.7 percent below the revised February figure of 900,000. The March rate for units in buildings with five units or more was 439,000.
    Building Permits:
    Privately-owned housing units authorized by building permits in March were...
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  • Industrial Production Increased 0.5% in March

    Industrial Production Increased 0.5% in March

    6 days ago - By Calculated Risk

    From the Fed: Industrial Production and Capacity Utilization
    Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of...
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  • US home building rose slightly in March, led by apartments

    6 days ago - By Chron

    WASHINGTON - U.S. builders broke ground on more apartment buildings last month, pushing up overall home construction 1.9 percent.
    The Commerce Department said Tuesday that housing starts rose in March to a seasonally adjusted annual rate of 1.32 million, driven by a big 16 percent gain in apartment buildings. Single-family home construction slipped 3.7 percent.
    Home construction has grown steadily since the housing crash bottomed out in 2012 and has emerged as a potential source of long-term economic growth. The pace of homebuilding is still below its long-run average of about 1.5 million...
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  • US home construction rose a modest 1.9 percent last month, driven by apartment building

    6 days ago - By Chron

    WASHINGTON - US home construction rose a modest 1.9 percent last month, driven by apartment building.
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