Capitol Report: Retail sales slump plunges a dagger into Trump goal of 3% GDP growth

Capitol Report: Retail sales slump plunges a dagger into Trump goal of 3% GDP growth

Wall Street took a knife to forecast for fourth-quarter U.S. economic growth after a horrible retail sales report for the holiday season. The huge drop in December retail sales may… Read more »

Economic Report: Empire State manufacturing index rebounds modestly in February

Economic Report: Empire State manufacturing index rebounds modestly in February

By Senior economics reporter An employee at the Precision Neon studio in the Brooklyn borough of New York.. The numbers: The Empire State manufacturing index rebounded in February after hitting… Read more »

The Wall Street Journal: Spain to hold snap elections in April as Socialist PM can’t get support for budget

The Wall Street Journal: Spain to hold snap elections in April as Socialist PM can’t get support for budget

Spanish Prime Minister Pedro Sánchez called snap general elections for late April, bringing the curtain down early on a short-lived government and pitching Spain into a vote that is likely… Read more »

Amazon cancels New York HQ2 — critics said it would have pushed hundreds of people into homelessness

Amazon cancels New York HQ2 — critics said it would have pushed hundreds of people into homelessness

Amazon cancelled plans to come to New York City citing opposition from politicians — and local critics are breathing a sigh of relief. HQ2 was slated to bring 25,000 well-paying… Read more »

America’s 1% hasn’t had this much wealth since just before the Great Depression

America’s 1% hasn’t had this much wealth since just before the Great Depression

It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much of… Read more »

Economic Report: U.S. industrial production slumps in January

Economic Report: U.S. industrial production slumps in January

By Senior economics reporter A Launch 27 boat at the Winnebago Industries Inc. Chris-Craft manufacturing facility in Sarasota, Florida. The numbers: Industrial production sank 0.6% in January, the first drop… Read more »

NewsWatch: Get used to wild swings for this stock market, and thank the Fed for that, says analyst

NewsWatch: Get used to wild swings for this stock market, and thank the Fed for that, says analyst

MARKETWATCH FRONT PAGE Our call of the day, from Seema Shah, global investment strategist at Principal Global Investors, says get used data-driven volatility for stocks as the Fed leaves the… Read more »

London Markets: London stocks in the black after upbeat retail sales data

London Markets: London stocks in the black after upbeat retail sales data

London’s main stock index was headed for its third straight week of gains, rising modestly on Friday after data that showed strength in retail sales, and continued hopes for progress… Read more »

Economic Report: Cost of imported goods fall for third straight month, offering more evidence of waning inflation

Economic Report: Cost of imported goods fall for third straight month, offering more evidence of waning inflation

The cost of imported goods are falling. The numbers: The cost of imported goods fell in January for the third month in a row, reflecting a broad easing of inflation… Read more »

Currencies: Dollar index strengthens ahead of data, set for weekly rise

Currencies: Dollar index strengthens ahead of data, set for weekly rise

The U.S. dollar edged higher Friday, ahead of economic data, and Congressional moves that appear set to avoid a partial government shutdown, with President Trump expected to declare a national… Read more »

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