Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Investors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati,...Trading Nationread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
U.S. personal income in November rose for an eighth straight month on solid wage gains, which should support consumer spending and bolster economic growth next year.
The Commerce Department said on Wednesday income increased 0.3 percent last month after an unrevised 0.4 percent rise in October. Economists polled by Reuters had forecast income advancing 0.2 percent last month.
Wages and salaries rose 0.5 percent, adding to a 0.6 percent gain in October. A tightening labor market, marked by an unemployment rate that is in a range some Federal Reserve officials consider consistent with full employment, is starting to lift wages.
The Commerce Department's Bureau of Economic Analysis inadvertently released part of the consumption portion of its report late on Tuesday. It showed consumer spending increased 0.3 percent last month after being unchanged in October.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.3 percent when adjusted for inflation after holding steady in October.
While consumer spending is likely running below the third-quarter's annualized brisk pace of 3.0 percent, November's increase could prompt economists to modestly lift their fourth-quarter gross domestic product estimates.
GDP growth estimates for the final three months of the year have been hovering around a 2 percent rate, the same pace of growth in the third quarter.
With spending outpacing income, savings fell to $747.6 billion. Still, they remain at lofty levels.
Inflation continued to run below the Fed's 2 percent target last month. A price index for consumer spending was unchanged after nudging up 0.1 percent in October.
In the 12 months through November, the personal consumption expenditures (PCE) price index was up 0.4 percent after rising 0.2 percent in October.
Excluding food and energy, prices nudged up 0.1 percent after being unchanged in October. The so-called core PCE price index rose 1.3 percent in the 12 months through November, for the 11th straight month.