Karen Hoguet News
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Retail sales probably stagnated in March amid the smallest employment gain in nine months, showing household spending ended the first quarter on softer footing, economists said before a report today.
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Service industries expanded in March at the slowest pace in seven months and companies added fewer workers than forecast, indicating the U.S. economy is starting to cool.
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Consumer spending climbed in February by the most in five months and confidence unexpectedly improved in March, showing job-market gains are helping Americans overcome tax increases and concern about federal budget cuts.
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Confidence among U.S. consumers fell to a six-week low and claims for jobless benefits rose more than forecast, highlighting the risks to the economy posed by federal government budget cuts.
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Confidence among U.S. consumers fell for a second straight week as Americans’ views of the economy dimmed.
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The cost of living in the U.S. rose more than projected in February due to the biggest jump in gasoline prices in more than three years. The retreat in fuel expenses this month signals inflation will hover around the Federal Reserve’s goal.
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J.C. Penney Co. slid after the department-store chain lost $4.3 billion in sales in the first year of Chief Executive Officer Ron Johnson’s turnaround plan.
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Macy’s Inc., the second-largest U.S. department-store chain, boosted its annual profit and sales forecasts, helped by a strategy to better tailor merchandise to local tastes.
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One day after regaining its third investment-grade rating, investors are already betting on further upgrades for Macy’s Inc.
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The U.S. economy may end 2011 growing at its fastest clip in 18 months as analysts increase their forecasts for the fourth quarter just a few months after a slowdown raised concern among investors.
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