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Wednesday, August 5, 2020

MARTIN CRUTSINGER AP Economics Writer

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Mnuchin: additional $250 billion sought for small businesses

WASHINGTON (AP) — The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed...

US consumer confidence sinks as virus begins having impact

WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus on...

US consumer spending up modest 0.2% in February

WASHINGTON (AP) — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in...

US wholesale prices fall 0.6%, biggest decline in 5 years

WASHINGTON (AP) — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs.The...

US construction spending up 1.8% in January to record level

WASHINGTON (AP) — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government...

US construction spending up 1.8% in January to record level

WASHINGTON (AP) — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government...

US economy grew at 2.1% rate in Q4 but virus threat looms

WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the...

US home construction dips 3.6% in January

WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest...

Powell: Economy looks resilient despite risk of China virus

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy appears durable, with steady growth and unemployment near a half-century...

Holiday on plastic: US credit card debt surged in December

WASHINGTON (AP) — Americans gave their credit cards a real workout this past holiday season.The Federal Reserve said Friday that borrowing on credit cards...

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