Bloomberg reported that fewer Americans than forecast filed applications for unemployment benefits. According to Labor Department data, jobless claims plunged to its lowest level since April 2008. read more

JAN 19, 2012 - 10:24 am

Economic activity expanded at a modest to moderate pace across most of the country during the reporting period of late November through the end of December, according to the Federal Reserve's Beige Book report. read more

JAN 11, 2012 - 4:10 pm

Bloomberg reports that consumer borrowing in the U.S. surged in November by the most in ten years, showing households are optimistic enough to take on debt and banks are willing to lend. read more

JAN 10, 2012 - 8:20 am

In its latest monthly report, the Tatum survey of CFOs notes that business conditions have continued the upward turn seen last month. The report notes that capital expenditure commitments increased significantly to 30% from 21% in the past 30 days. read more

JAN 9, 2012 - 8:25 am

The U.S. Bureau of Labor Statistics reported that nonfarm payroll unemployment rose by 200,000 in December, and the unemployment rate, at 8.5%, continued to trend down. read more

JAN 6, 2012 - 10:50 am

Fitch Ratings said it projects that the U.S. high yield default rate will rise in 2012 to a range of 2.5%-3.0%, up from 2010's 1.3% rate and this November's 1.4% level. read more

JAN 4, 2012 - 8:20 am

According BofA Merrill Lynch Global Research's 2012 Year Ahead Outlook, "The global economy can weather a normal size recession in Europe, but the U.S. faces its own challenges. As a result, while we expect solid 3% GDP growth in the current quarter, we look for growth to slow to just 1% by the end of 2012." read more

DEC 19, 2011 - 8:25 am

A report released by TD Economics noted that despite encouraging signs of progress over the last few months, the U.S. economic recovery remains vulnerable. read more

DEC 15, 2011 - 8:15 am

Financial executives at U.S. companies remain concerned about the current economy and are less confident about economic growth in 2012, according to the latest Bank of America Merrill Lynch CFO Outlook survey. read more

DEC 13, 2011 - 8:30 am

Bloomberg reported that U.S. bank credit is growing at the fastest pace in three years, giving the Federal Reserve confidence in the economic expansion's staying power. read more

DEC 12, 2011 - 8:30 am

According to a TD Bank survey, three-quarters of financial decision makers at mid-sized companies said they expect sales to increase over the next 12 months despite lingering economic headwinds, with half (51%) expecting to increase their capital expenditures in 2012, up from 39% last year. read more

DEC 7, 2011 - 8:10 am

Economic activity in the non-manufacturing sector grew in November for the 24th consecutive month, according to the ISM's Non-Manufacturing Index. The NMI registered 52% in November, 0.9 percentage point lower than the 52.9% registered in October. read more

DEC 7, 2011 - 8:00 am

The Fed said overall economic activity increased at a slow to moderate pace across all districts except St. Louis, since the last Beige Book was released on October 19. Overall bank lending activity increased slightly, with New York, Philadelphia, Cleveland and Kansas City reporting increased loan demand. read more

DEC 1, 2011 - 8:20 am

According to a National Retail Federation survey, traffic and spending were up both online and in stores, reaching historic highs. The NRF said total spending reached an estimated $52.4 billion, helping to secure this weekend's place in the record books. read more

NOV 28, 2011 - 9:13 am

In its 28th annual Christmas Price Index, PNC Wealth Management said a sluggish economy coupled with weak demand has kept the PNC/CPI to moderate gain of 3.5% in the whimsical economic analysis based on gifts in the holiday classic, "The Twelve Days of Christmas." read more

NOV 28, 2011 - 9:07 am