Economy

U.S. productivity grew at strong 2.9% rate in Q2

U.S. productivity grew at an annual rate of 2.9% in the second quarter, the fastest pace in more than three years, while labour costs actually fell. The April-June increase in productivity followed a much weaker 0.3% rate of gain in the first quarter, the Labor Department reported Wednesday. It was the strongest advance since a […]

August 15, 2018

2 min read

U.S. retail sales rose at robust 0.5% annual rate in July

Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth. Retail sales rose at a 0.5% annual rate in July, after a 0.2% increase the previous month, the Commerce Department said Wednesday. June’s increase, though, was revised lower from a previous […]

By Staff, with files from The Associated Press |August 15, 2018

3 min read

Why Turkey’s currency is plunging—and the global fallout

Turkey's currency and stock market kept on falling Monday

By Staff, with files from The Associated Press |August 13, 2018

5 min read

U.S. consumer prices climbed 2.9% in July

Most of July's increase in consumer prices came from higher housing costs

By Staff, with files from The Associated Press |August 10, 2018

2 min read