The Port Authority of New York & New Jersey named new leaders at four of its airports, including John F. Kennedy International, whose manager resigned last week.
Orders placed with U.S. factories rose less than forecast in April as demand for non-durable goods dropped, probably reflecting lower fuel costs.
American consumer spending probably continued to recover in February from the slump caused by colder temperatures and snowstorms, while U.S. factories received more orders for big-ticket goods, economists project reports will show this week.
U.S. growth may be hurt by a weak currency and higher taxes, said Steve Forbes , chief executive officer of Forbes Inc.
Consumer spending rose in November by the most in five months as discounts lured early holiday shoppers, giving the U.S. economy a boost at the end of 2013.
Consumer confidence in the U.S. rose to a five-month high in December, indicating Americans will keep spending early next year.
Sales at U.S. retailers unexpectedly advanced in April, helping ease concern of a sustained pullback in consumer spending that would stifle the economy.
Treasury 30-year bonds fell for a third day on speculation the Federal Reserve will buy shorter- maturity debt and as the government prepared to sell $13 billion of the securities this week.
Consumer confidence in the U.S. unexpectedly declined in January, a sign spending may take time to accelerate early this year.
The Federal Reserve said the labor market improved throughout the country early this year, driven by rising retail sales and “solid growth” in manufacturing.
"A shorter workweek, possibly reflecting the influence of inclement weather, is likely to restrain the wage and salary component of personal income."
- Michael Moran on Mar 22, 2014
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