U.S. consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015, which could diminish expectations of an interest rate increase in December.
Archive for August, 2017
U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world’s top oil-consuming country after storm Harvey knocked out almost a quarter of its refineries.
U.S. house prices are forecast to rise by a cumulative 10 percent over this year and next, driven by a scarcity of new homes, low interest rates and steadily-increasing demand, a Reuters poll of property market analysts showed.
Investors rediscovered a taste for the dollar and commodities on Thursday, as upbeat Chinese and U.S. economic news whetted appetite for riskier assets globally, while tensions over North Korea simmered in the background.
The air cargo industry is responding to tropical storm Harvey which has ripped through the Texas Gulf Coast with record rainfall, causing extensive flooding. Rapid response aviation charity Airlink, partnering with 35 airlines and 60 non-governmental relief organisations, said: “Airlink’s humanitarian partners from across the US are responding to the need for rescue, shelter, food, […]
Freight transportation in and around Houston remains at a standstill as companies check on staff, assess damages, and prepare for a difficult recovery and higher truck rates after historic flooding unleashed by Hurricane Harvey. Port terminals, major highways, rail lines, airports, industries, trucking docks and warehouses remain closed, along with most regular business activity in […]
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
Most of us have seen the ads, while millions are ordering fresh food delivered as ready-to-prepare ingredients to their homes-products that require control of exposure to extreme temperatures and extended last-mile transit times. This consumer-focused “cold chain”-temperature controlled supply chain-is only a recent example of a decades-long push to perfect a global system of item-level […]
U.S. private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, beating economists’ expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 183,000 jobs.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 26, 2017. For this week, total U.S. weekly rail traffic was 551,776 carloads and intermodal units, up 2.3 percent compared with the same week last year. Total carloads for the week ending August 26 were 272,153 carloads, up 1 […]