WASHINGTON-- A jump in volatile commercial aircraft demand likely boosted U.S. orders for long-lasting manufactured goods in April. The Commerce Department will release the report at 8:30 a.m. EDT Friday. Economists at JPMorgan Chase believe the investment category will decline 0.5 percent in the April report.» Read More
WASHINGTON-- A jump in volatile commercial aircraft demand likely boosted U.S. orders for long-lasting manufactured goods in April. The Commerce Department will release the report at 8:30 a.m. EDT Friday. Economists at JPMorgan Chase believe the investment category will decline 0.5 percent in the April report.
BERLIN, May 24- German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first quarter. The Munich- based Ifo think tank said on Friday its business climate index, based on a survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April.
In the space of five months, analysts have swung from confidently predicting a modest pick-up in the world's second-biggest economy to pondering the chance that China will miss its own 7.5 percent growth target this year. "Yes, the 7.5 percent target is under threat," said Ken Peng, an economist at BNP Paribas in Beijing.
*Index reaches 6.5 in June, highest since Sept 2007. BERLIN, May 24- Higher real wages have German consumers feeling more inclined to spend than at any point since the U.S. subprime crisis, further boosting German recovery hopes and brightening the outlook for the euro zone.
Holger Schmieding, chief economist at Berenberg Bank, says the overall global economic picture is improving with Europe slowly pulling out of recession and the U.S. private sector looking more solid.
The average 401(k) balance hit a record high of $80,900 in the first quarter, according to Fidelity Investments.
POSITIVE SIGNS: Germany's central bank expects the country's economy to improve "markedly" in the second quarter. Germany grew only 0.1 percent in the first quarter in part because cold weather delayed the construction season. The European Central Bank expects a gradual recovery in the second half of the year.
Thanks to the brightening employment picture and an uptick in the housing market, Americans are packing up and relocating. And the pace is likely to pick up this summer.
LONDON, May 20- Low-risk German Bunds fell on Monday in the wake of upbeat U.S. data last week that eased concern about growth in the world's biggest economy, but a bleak euro zone outlook was expected to limit losses.
NEW YORK, May 20- The yen climbed back from a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough. The economy minister, Akira Amari, said the yen's excessive strength had largely corrected and further weakness could damage Japan's economy.
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
May 19- The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
CHICAGO, May 17- The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years.
MEXICO CITY, May 17- Mexico's annual economic growth slumped in early 2013 to its weakest in three years, prompting the government to cut growth estimates and backing expectations of another interest rate cut.
The volume of takeovers worldwide has dropped 7 percent year to date to $750 billion, with the week to Thursday marking the slowest week for acquisitions this year, Thomson Reuters data showed on Friday.
MEXICO CITY, May 17- Mexico's economy expanded in the first quarter on strength in the services sector, defying expectations for a contraction and easing fears of a deepening slowdown in Latin America's no. 2 economy.
Early Boomers may be on track to retire with enough savings for their golden years, a new Pew study finds. But Gen-Xersare in for a world of hurt.
PORTLAND, Ore, May 16- The U.S. "It will take further gains to convince me that the' substantial improvement' test for ending our asset purchases has been met," John Williams, president of the Federal Reserve Bank of San Francisco, said in remarks prepared for delivery to a luncheon sponsored by the Portland Business Journal.
The former editor of The New Republic has a new essay on austerity that unintentionally proves Paul Krugman's point about viewing economics as a morality play.