Wednesday, February 13, 2013

Retail sales up, as expected, for January in US

U.S. retail sales rose 0.1% in January from December, as expected. Excluding the auto segment, sales were up 0.2%, slightly above the 0.1% estimated.FoxBusiness.com

Tuesday, February 12, 2013

Global economy bouncing back: Moody's


(Reuters) - Moody's Investor Services on Tuesday said downside risks for the global economy had receded in the past three months, though a number of dangers still remained. In its latest Global Macro Risk Scenarios report, the ratings agency also said it expected economic growth to be slow in many countries.

Thursday, February 7, 2013

Strong retail sales in January

(Reuters) - Many top retailers reported strong January sales on Thursday after offering merchandise and deals that drew in shoppers in spite of higher payroll taxes.

Friday, February 1, 2013

Dow hits 14000 for first tie since 2007

On the back of its best January in nearly two decades, the Dow launched past the 14000 mark for the first time since 2007 Friday amid growing optimism the global economy is picking up steam.FoxBusiness

US construction spending up 0.9 percent

WASHINGTON (AP) — Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years.

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Employment report points to steady economic growth

(Reuters) - Employment grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012. 

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Nonfarm payrolls rose by 157,000 in January

The Labor Department reports nonfarm payrolls rose by 157,000 in January from December, slightly below the 160,000 expected. The unemployment rate ticked up to 7.9% from 7.8% the month prior. December's nonfarm payroll increase was revised up to 196,000 from a previously reported 155,000.FoxBusiness