Lucia Mutikani – Page 5

Robust auto sales keep economy on steady growth path

August 24, 2021 at 2:57 p.m.

WASHINGTON (Reuters) - The U.S. economy appears to be faring better in the third quarter than analysts had feared with automakers reporting surprisingly strong August sales on Wednesday, helping to...

Weak U.S. durable goods data dims growth outlook

August 24, 2021 at 2:35 p.m.

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods also...

U.S. GDP likely to get boost from smaller trade gap

August 24, 2021 at 2:02 p.m.

WASHINGTON (Reuters) - The U.S. economy likely grew faster than initially reported in the second quarter, thanks to a sharp narrowing in the trade deficit to its lowest in more...

Homeownership slips to 17-1/2-year low

August 24, 2021 at 1:44 p.m.

WASHINGTON (Reuters) - Homeownership in the United States hit a 17-1/2-year low in the second quarter as Americans continue to shift toward renting, one of the lingering legacies of the...

Steady U.S. job gains to keep Fed’s focus on tapering

August 24, 2021 at 12:44 p.m.

WASHINGTON (Reuters) - U.S. job growth probably slowed in June, but not enough to shift the Federal Reserve away from expectations that it will start scaling back its massive monetary...

First-quarter growth reading slashed in cautionary note on economy

August 24, 2021 at 12:26 p.m.

WASHINGTON (Reuters) - The U.S. government slashed its estimate for first-quarter economic growth on Wednesday, offering a cautionary note on the recovery as the Federal Reserve ponders curtailing its massive...

Consumer and factory data signal steady economy

August 24, 2021 at 11:49 a.m.

WASHINGTON (Reuters) - Consumer sentiment edged off a six-year high in June while manufacturing output picked up a bit last month after two straight months of declines, suggesting the economy...

Jobs, housing data show economy has some muscle

August 24, 2021 at 10:19 a.m.

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving employment...

Home sales close in on three-and-a-half year high

August 24, 2021 at 10:19 a.m.

WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by...

Factory, wholesale price data flag economy’s woes

August 24, 2021 at 9:41 a.m.

WASHINGTON (Reuters) - Factory output dropped in April and manufacturing activity in New York state contracted this month, a sign that slowing global demand is weighing on the economy. The...

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