Capital spending at U.S. companies from Apple Inc. to 3M Co. is at the highest level since 2008 as upgrades to plants, property and equipment show some executives embracing the likelihood that the economy averts recession.
American factories received fewer orders for machinery, communications gear and computers in February, signaling business investment is slowing after an unusually harsh winter put a damper on sales.
Job openings in the U.S. climbed to an almost seven-year high in April as employers sought more workers to help manage stronger demand in a rebounding economy.
"We should expect continued gradual growth heading into next year."
- Ryan Wang on Nov 19, 2014