Peter Newland

Orders for U.S. Durable Goods Rise More Than Forecast

Orders for U.S. durable goods climbed more than forecast in February as companies looked past budget squabbles in Washington and focused on expanding capacity to meet growing demand.

R-Word For U.S. Economy in 2013 is Rebound Not Recession

The “R” word that economists were using after yesterday’s news that U.S. gross domestic product contracted in the fourth quarter was rebound, not recession.

Durable-Goods Demand Points to U.S. Factory Pickup

Orders for durable goods in the U.S. rose in December for an unprecedented fourth consecutive month, indicating manufacturing will keep improving in 2013.

Barclays Says U.S. Equilibrium Unemployment Climbs to 7% After Recession

The equilibrium level of U.S. joblessness has climbed as a result of the surge in long-term unemployment caused by the recession, according to Barclays Capital Inc.

Retailers, Restaurants Raise Prices to Offset U.S. Labor Costs

Retailers and restaurants are raising consumer prices to help compensate for higher labor costs, which increased the most in almost three years during the second quarter.

Jobless Claims Fall in Sign U.S. Job Market Mending: Economy

Fewer Americans filed applications for unemployment benefits last week, a sign the labor market may keep improving after hiring picked up in July.

Consumer Spending in U.S. Increases as Incomes Rise

Consumer spending in the U.S. climbed in March after the biggest gain since August 2009, and incomes picked up, indicating the biggest part of the economy will help sustain the expansion.

Manufacturing Cools Even as U.S. Consumers Still Spend

Business activity in the U.S. expanded in April at the slowest pace since the end of 2009, adding to evidence that manufacturing is cooling.

Manufacturing in Philadelphia Region Shrinks at Faster Pace

Manufacturing in the Philadelphia region shrank in June at the fastest pace in almost a year, showing the global economic slowdown is holding factories back.

U.S. Beats World With Most Offerings Since March: Credit Markets

Sales of company bonds in the U.S. soared to the fastest pace since March this week, five times quicker than global issuance, as cash-flush investors push yields to record lows.

"The global backdrop has improved."

- Peter Newland on Jan 28, 2013

New York

Washington

Europe

China

Asian Stocks Erase Gains as Australian Banks Drop

Aussie Dollar Is Villain as Ford Ends Mad-Max Land Output

Japan $314 Billion Rout Tests Topix Bulls Who Pushed Gain

U.S. Stocks Retreat on China Data, Stimulus Speculation

U.S. Stocks Pare Loss After Japan Leads Global Slump