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Growth in the services sector, where most Americans work, slowed sharply in February with hurdles related to the pandemic hindering growth.
Target will plow $4 billion into its business each year for the next several years to redo its stores, add new ones and speed up delivery as the discounter aims to keep up with increasingly demanding shoppers shaped by the pandemic.
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
U.S. manufacturing expanded in February at the fastest pace three years with the arrival of a surge in new orders.
Spending on U.S. construction projects rose 1.7% in January as new home building continues to lift the sector.
RICHMOND, Va. – Virginia lawmakers gave final approval Saturday to a bill that will legalize marijuana for adult recreational use, but not until 2024, when retail sales of the drug would also begin.
Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the pandemic recession.
Volkswagen said Friday it made better than expected profit of $10.7 billion after tax in 2020 despite the pandemic.
The number of Americans who signed contracts to buy homes declined again with the number of properties for sale not matching the surging demand in the U.S.
Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.
Two of the biggest remaining American tire companies are joining forces.
U.S. home construction fell 6% in January but applications for building permits, which typically signal activity ahead, rose sharply.
Walmart is raising wages for 425,000 of its 1.5 million U.S. workers and is investing $14 billion this year to speed up its distribution network as the nation's largest retailer navigates vast industry changes that were accelerated by the pandemic.
After three months of declines, retail sales soared a seasonally adjusted 5.3% in January from the month before, the U.S. Commerce Department said Wednesday. It was the biggest increase since June and much larger than the 1% rise Wall Street analysts had expected.
U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.
Warren Buffett's company made major new investments in Verizon and Chevron and again trimmed its huge stake in Apple while making several other adjustments to its stock portfolio last year.
The frenzy around GameStop’s stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around.
In a stark sign of the economic inequality that has marked the pandemic recession and recovery, Americans as a whole are now earning the same amount in wages and salaries that they did before the virus struck — even with nearly 9 million fewer people working.
Stocks remained mixed in early trading on Friday, following the highs the market set the day before. The market remains focused on trillions of dollars of potential government aid that could be coming for the economy, as Democrats move forward with their stimulus package.
U.S. long-term mortgage rates were flat this week for a second straight week. Home-loan rates stayed near record lows as the economy, especially in the services sector, remains burdened by the coronavirus pandemic.