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

According to the third annual Retail Finance Outlook study released by CIT Group, 80% of retail executives expect their holiday sales to increase or remain the same as last year. read more

NOV 22, 2011 - 8:35 am

According to a survey of CFOs conducted by Financial Executive International and Baruch College's Zicklin School of Business, U.S. CFOs are highly critical of their President, giving him a failing grade for his handling of the economy, healthcare and unemployment. read more

NOV 21, 2011 - 8:25 am

In its most recent Economic Letter, the San Francisco Fed notes "The U.S. economy is fragile with limited ability to withstand shocks. Yet, as the economy strengthens, recession risks will gradually abate beginning in the second half of 2012." read more

NOV 15, 2011 - 8:35 am

Bloomberg reported that capital spending at U.S. companies is at the highest level since 2008 as upgrades to plants, property and equipment show some executives embracing the likelihood that the economy will avert recession. read more

NOV 7, 2011 - 9:15 am

In October the U.S. added 80,000 payroll jobs, compared to 158,000 in September, the Bureau of Labor Statistics reported. The unemployment rate was little changed at 9.0%, from 9.1% in September, with 13.9 million unemployed. read more

NOV 7, 2011 - 8:00 am

Economic activity in the non-manufacturing sector grew in October for the 23rd consecutive month, according to the ISM's Non-Manufacturing Index(NMI). The NMI registered 52.9% in October, 0.1 percentage point lower than the 53% registered in September. read more

NOV 4, 2011 - 8:05 am

The FOMC reported that since it met in September economic growth strengthened somewhat in Q3 and business investment in equipment and software continued to expand. The FOMC will continue to extend the average maturity of its holdings of securities. read more

NOV 2, 2011 - 4:15 pm

Real GDP increased 2.5% in Q3/11, after increasing 1.3% in Q2/11, said the Bureau of Economic Analysis. Investment in equipment and software grew 17.4%, reflecting contributions from construction and agricultural machinery. read more

OCT 28, 2011 - 8:15 am

U.S. economic activity continued to expand, although many Districts described the pace of growth as "modest" or "slight" and loan demand largely moved lower since the last Beige Book report was released on September 8, according to the Federal Reserve. read more

OCT 19, 2011 - 4:19 pm

Middle-market retail executives are bearish on a short-term U.S. economic recovery, even though many expect their own companies to improve faster than the industry, according to the third annual Retail Finance Outlook study released by CIT Group. read more

OCT 19, 2011 - 8:00 am

Local and national press reported Harrisburg's City Council has passed a resolution to take Pennsylvania's capital city into bankruptcy as the council voted 4-3 to file for Chapter 9. read more

OCT 12, 2011 - 9:23 am

Bloomberg reported that the U.S. likely has dodged a recession for now, based on a string of stronger-than-projected statistics, although it's too early to sound the all-clear for the economy. read more

OCT 10, 2011 - 10:15 am

Fed chairman Ben Bernanke notes in his latest economic outlook that although business investment in equipment and software continues to expand, "it is clear that, overall, the recovery from the crisis has been much less robust than we had hoped." read more

OCT 5, 2011 - 9:27 am