A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.Rebecca Cook | ReutersU.S. manufacturing output rebounded more than expected in November, as...
According to one unconventional economic indicator, business is booming.Looking at sales from pickup trucks as a proxy for the health of small businesses in the U.S., DataTrek Research found that 2019 ended on a strong note, and that sales show "little sign of turning lower as we start...
A General Motors hi-lo driver moves newly assembled engines, used in a variety of GM cars, trucks and crossovers, from final assembly at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.Rebecca Cook | ReutersPurchasing managers have been gloomy on manufacturing for the past five months,...
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019.Tom Brenner | ReutersU.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and...
A worker fits wheel hub badges on the Ford Focus automobile assembly line inside the Ford Motor Co. factory in Saarlouis, Germany, on Wednesday, Sept. 25, 2019. Ford expects hybrid electric vehicles and battery electric vehicles (BEVs) to make up over 50% of its European passenger vehicle sales...
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.Housing starts jumped 16.9% to a seasonally adjusted annual rate of...
Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, stands for a photograph.Andrew Harrer | Bloomberg | Getty ImagesPresident Donald Trump will pick two economists, Judy Shelton and Christopher Waller, to serve on the Federal Reserve Board, the White House said on Thursday.Trump has...
U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.Housing starts rose 3.2% to a seasonally adjusted annual rate of 1.365 million units last...
U.S. retail sales rose for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, which could strengthen the view that the economy maintained a moderate growth pace at the end of 2019.The Commerce Department...
Job seekers attend the CUNY Big Apple Job and Internship Fair at the Jacob Javits Convention Center in New York.Richard Levine | Corbis | Getty ImagesThe number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labor market remained strong...