GDP grows above-forecast 2.6 percent as business spending picks up
From Newsmax The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate…
CNBC: US home-sales plunge stuns real-estate agents
By Newsmax Wires From Newsmax Real estate brokers reportedly are trying to figure out why sales of existing homes plunged in December. U.S. home sales tumbled Tuesday to their lowest level in three years in December and house price increases slowed…
Repatriation of offshore trillions fails to materialize
From Santa Cruz Sentinel By Laura Davidson | Bloomberg News Companies have brought back $500B, a fraction of what was promised The amount of offshore cash U.S. corporations have returned home this year is just a fraction of what President…
US: Third-quarter economic growth revised higher to 3.3 percent
From Newsmax The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending. Gross domestic product expanded…
The US economy isn’t quite as strong as it looks
By Pedro Nicolaci da Costa From Business Insider The US economy grew at a rate of 3% in the third quarter, the Commerce Department said Friday. Both business investment and consumer spending made solid contributions to third-quarter gains. That headline,…
Inflation, strangely low, holds key to 2014 Fed policy
From Moneynews Stubbornly weak inflation is shaping up as the wild card for U.S. monetary policy makers this year, with top Federal Reserve officials stumped by why it has lingered so low for so long and at odds as to…
