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The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.
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In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.
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Three of the five transportation modes - truck, rail and pipeline - carried more U.S.-NAFTA trade in November 2013 than they did a year earlier, according to new figures from the U.S. Transportation Department.
Read More →Shipments and new orders for manufactured durable goods in the U.S. ended 2013 on a down note, but each were up for the year, according to a new U.S. Commerce Department report released Tuesday.
Read More →Sales of new homes in the U.S. fell 7% in December from the month before, following a November drop of 3.9% from the month before, according to a new U.S. Commerce Department report.
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LAS VEGAS -- The economic expansion is likely to continue through the balance of the year, predicts Bob Dieli, president and founder of RDLB Inc., an economic research and management consulting firm.
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UPDATED -- Total new construction starts in the U.S. during 2013 increased 6% from the year before to $516.8 billion. This follows the 10% gain reported for 2012 and modest 2% gains in both 2010 and 2011, according to new data released from construction information services provider McGraw Hill Construction.
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Two measures about the health of the U.S. trucking industry turned in either their best or near-record numbers for December.
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The annual rate registered 923,400 single-family homes and apartments, an 18% increase above 2012 figure of 780,600.
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Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.
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