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July 25, 2008 8:25:24 AM CDT

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Stories related to: Commerce Department

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13 Stories

  • June 2008

    • Street Rallies on Retail, Jobs

      newser  |  Wall Street Journal  |  Jun 5, 08 3:17 PM CDT

      Street Rallies on Retail, Jobs

      The markets rebounded from a 3-day losing streak today as retailers posted strong sales and weekly claims for jobless benefits fell, the Wall Street Journal reports. The Dow climbed 213.97, closing at 12,604.45, and the Nasdaq gained 46.80 to settle at 2,549.94. The S&P 500 added 26.85 to finish at 1,404.05. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Wal-Mart  • retail  • Commerce Department  • Costco  • jobless claims  • BJ's Wholesale Club

  • May 2008
  • April 2008

    • Housing Starts Hit 17-Year Low

      newser  |  Bloomberg  |  Apr 16, 08 8:45 AM CDT

      Housing Starts Hit 17-Year Low

      Foreclosures and a glut of unsold homes flooding the market were blamed for an 11.9% drop in new housing starts last month, more than twice the slide economists had predicted, reports Bloomberg. Starts are at the lowest level since March 1991, according to the Commerce Department, casting a pall over hope for a rapid economic recovery. "Home construction is probably going to continue to fall right through this year,'' says one economist. More »

      Tags

      housing market  • subprime crisis  • foreclosure  • construction  • Commerce Department  • new construction

  • March 2008

    • Stocks Fall on Consumer Data

      newser  |  Bloomberg  |  Mar 28, 08 3:47 PM CDT

      Stocks Fall on Consumer Data

      Stocks erased morning gains on poor consumer spending news to wrap up today's session in negative territory. The Dow and the S&P 500 racked up weekly losses of 1.2% and 1.1%, Bloomberg reports. The Dow fell 86.38 today to close at 12,216.08. The Nasdaq fell 19.65 to 2,261.18, and the S&P 500 fell 10.54 to 1,315.22. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • New York Stock Exchange  • Commerce Department  • Macy's  • JCPenney

    • Personal Spending Slows to a Crawl in February

      newser  |  Wall Street Journal  |  Mar 28, 08 11:37 AM CDT

      Personal Spending Slows to a Crawl in February

      Personal spending—a major force in the health of the economy— rose just 0.1% in February, its smallest increase in 16 months, the Wall Street Journal reports. The increase, which actually beat analysts' estimate of a 0.1% decrease, came despite a bump in personal income and signs that inflation is easing, the Journal notes. More »

      Tags

      recession  • inflation  • economy  • consumer spending  • income  • Commerce Department  • savings

    • GDP Growth Weakest Since '02

      newser  |  MarketWatch  |  Mar 27, 08 12:46 PM CDT

      GDP Growth Weakest Since '02

      The US economy sputtered—as expected—in the fourth quarter of 2007, growing at the slowest rate since 2002, MarketWatch reports. Estimated growth of the US gross domestic product was 0.6% for the last three months of 2007, matching economists' forecasts. Consumer spending grew 2.3%, and exports increased 6.5%, both beating the Commerce Department’s predictions. More »

      Tags

      US economy  • credit crisis  • consumer spending  • Commerce Department  • inventory growth  • US gross domestic product

    • US in Recession Now: Buffett

      newser  |  CNBC  |  Mar 4, 08 3:28 AM CST

      US in Recession Now: Buffett

      The US is already in a recession for all practical purposes, even if economic conditions haven't yet met the technical definition of at least two consecutive quarters of negative growth. That's the verdict of billionaire investor Warren Buffett, who tells CNBC that a serious economic slowdown is obvious in reports from retail businesses owned by his holding company. More »

      Tags

      recession  • credit crisis  • Warren Buffett  • GDP  • Berkshire Hathaway  • Commerce Department  • trade deficit  • insurance industry

    • Construction Spending Tumbles

      newser  |  Wall Street Journal  |  Mar 3, 08 10:23 AM CST

      Construction Spending Tumbles

      Construction spending fell at its fastest rate in 14 years in January, the Commerce Department announced today, shattering expectations with a 1.7% drop. Analysts had expected just a 0.7% decline, the Wall Street Journal reports. Residential spending was the big drag, falling 2.9%, but non-residential spending was also down and could keep heading in that direction as banks raise commercial loan standards. More »

      Tags

      recession  • housing  • manufacturing  • construction  • Commerce Department  • manufacturing index  • residential building

  • January 2008

    • Retail Sales In Surprise Swoon

      newser  |  Bloomberg  |  Jan 15, 08 8:42 AM CST

      Retail Sales In Surprise Swoon

      Retail sales fell 0.4% in December, an unexpected drop that capped off retailers’ worst year since 2002 and is sure to fuel rampant recession fears. “Consumer spending slowed down pretty dramatically,” one economist tells Bloomberg. “We are kind of flying very close to a stall speed.” Prognosticators had expected sales to hold steady after November’s revised 1% gain; the lag suggests that gas prices, the housing slump, and the weak job market may be catching up with consumers. More »

      Tags

      Ben Bernanke  • inflation  • retail sales  • consumer spending  • Commerce Department

    • Tech Sales to China Raise Red Flags

      newser  |  New York Times  |  Jan 2, 08 9:30 AM CST

      Tech Sales to China Raise Red Flags

      Chinese companies linked to the People’s Liberation Army were cleared to import sensitive high-tech equipment from the US after the Bush administration eased restrictions blocking the sale of technology with military applications, the New York Times reports. One company has ties to arms sales to Iran and Syria, claims a report by the Wisconsin Project on Nuclear Arms Control. More »

      Tags

      China  • Iran  • technology  • military  • Syria  • imports  • Commerce Department  • People's Liberation Army  • arms control

  • August 2007
  • April 2007

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