Latest News Updates From Shobhana Chandra

Business

Housing Starts Unexpectedly Drop on Multifamily-Unit Slide

Construction of new homes in the United States unexpectedly fell in September on a plunge in multifamily building while permits rose more than forecast, in signs of fitful progress in residential real estate.

October 19, 2016
Business

Factory Production Rises for Third Time in Four Months

Output at U.S. manufacturers rose for the third time in four months on production of consumer goods and construction materials, a sign the industry is recovering from a prolonged spell of weakness.

October 17, 2016
Business

Manufacturing Expanded at Modest Pace in September

U.S. manufacturing expanded at a modest pace in September after unexpectedly shrinking a month earlier, underscoring limited progress for the battered sector.

October 3, 2016
Government

Services Industries Expand at Weakest Pace in Six Years

America’s service industries expanded in August at the weakest pace in six years, joining manufacturers in an abrupt slowdown that may signal waning optimism about the economy.

September 6, 2016
Business

America’s Trade Deficit Narrowed in July More Than Forecast

The U.S. trade deficit narrowed in July more than forecast as the value of shipments to overseas customers reached a 10-month high.

September 2, 2016
Business, Technology

Orders for Capital Equipment Climb by Most Since January

Orders for business equipment climbed in July for a second month, advancing the most since January and indicating U.S. companies are becoming less reluctant to invest.

August 25, 2016
Business

Trade Gap Widens to Almost One-Year High of $44.5 Billion

The U.S. trade deficit widened in June to an almost one-year high as the price of oil jumped and American companies imported more consumer goods.

August 5, 2016
Business

Jobless Claims Unexpectedly Decline to Three-Month Low

The number of applications for U.S. unemployment benefits unexpectedly fell last week, reaching a three-month low, indicating the labor market remains steady.

July 21, 2016
Business

Manufacturing Gains More Than Expected in June

Manufacturing in the United States last month posted the strongest advance since January, helped by automobile production and a sign domestic demand is improving.

July 15, 2016
Business, Technology, Government

Capital Goods Orders Unexpectedly Drop Most in Three Months

Orders for U.S. business equipment unexpectedly declined in May by the most in three months, pointing to weakness in investment even before the likely damage to confidence stemming from U.K. voters’ decision to leave the European Union.

June 24, 2016