Browsing: Economy

U.S. existing home sales continued to slide in April as limited inventory and high prices cooled consumer demand. Sales of previously owned homes tumbled 3.4% in…

By David Lawder WASHINGTON (Reuters) -The United States faces a “significant risk” of defaulting on payment obligations within the first two weeks of June without a…

The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, plunged 42.6 points in May to negative 31.8,…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May on worries that political haggling over raising the federal government’s…

The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online, offering a respite…

New U.S. home construction rebounded in April as limited inventory helped to jolt homebuyer demand, but the housing market remains in a slump. Housing starts climbed…

By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana’s official sector creditors have formed a committee co-chaired by China and France for debt…

The numbers: U.S. industrial production rose 0.5% in April after two flat months, the Federal Reserve reported Tuesday. The gain in April was above expectations of…

A key measure of home-purchase applications fell sharply last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s (MBA)…

(Bloomberg) — A summer of road trips powered by premium gasoline is about to get more affordable. Gasoline makers in the US are stocking up on…