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Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August. The final August reading on the consumer-sentiment index rose to 82.5 from a final July...

Manufacturing activity in the Chicago-area rebounded in August, as factories reported increases in new orders. The headline index of the Chicago Purchasing Managers report, an important gauge of manufacturing in the Midwest, jumped to 64.3 in August from July's 52.6. The PMI number exceeded consensus...

PersonalIncome-082914.jpg Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.

Consumer spending unexpectedly declined last month, government figures showed on Friday. Meanwhile, incomes rose at a slower pace. Data released by the U.S. Commerce Department showed that personal spending declined 0.1 percent in July. That followed an increase of 0.4 percent in the previous month....

PendingHomeSales-082814.jpg Pending home sales rebounded in July thanks to low interest rates and confidence in the U.S. economic recovery, according to the National Association of Realtors. The NAR's Pending Home Sales Index climbed 3.3 percent to 105.9 in July from 102.5 in June. Despite having now risen in four of the last...

joblessclaims-082814.jpg Layoff activity remained subdued last week, according to new government statistics released on Thursday. The figures will likely further fuel hope that the labor market is improving, despite the somewhat sluggish job statistics that were released earlier this month.

GDP-082814.jpg The U.S. economy expanded faster during the second quarter than people had previously estimated, according to updated government statistics released on Thursday. Revised figures announced by the U.S. Commerce Department showed that Gross Domestic Product, a broad measure of economic activity, rose...

The number of people filing first-time unemployment benefits edged down last week. A report issued by the U.S. Department of Labor showed that initial jobless claims, a key gauge of layoff activity, came in at 298,000 for the week ended August 23. This was down by 1,000 compared to the previous...

The U.S. economy expanded faster during the second quarter than people had previously estimated, according to updated government statistics released on Thursday. Revised figures announced by the U.S. Commerce Department showed that Gross Domestic Product, a broad measure of economic activity, rose...

ConsumerConfidence-082614.jpg Consumer confidence in the U.S. improved for the fourth consecutive month in August, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years. The U.S. consumer confidence index jumped to 92.4 in August,...

U.S. home prices in major cities continued to rise in June but at a slower pace than the previous month, according to S&P/Case-Shiller's 20-city composite index released Tuesday. Home prices were up 1 percent in June, following a 1.1 percent month-over-month increase in May. The result was in line...

durablegoods-082614.jpg Orders for U.S. durable goods surged up by a record 22.6 percent in July as Boeing signed a record number of contracts for new jets, according to government figures released Tuesday. The huge jump in July durable goods orders follows an upwardly revised increase of 2.7 percent in June, up from the...

NewhomeSales-082514.jpg Sales of new single-family homes fell 2.4 percent in July from June to a seasonally adjusted annual rate of 412,000, the Commerce Department said Monday. It was the slowest pace of new home sales in four months, as demand was relatively weaker in all regions except the South. Economists expected...

janetyellen-082214.jpg Federal Reserve Chair Janet Yellen on Friday warned that rate hikes could come sooner than expected if the U.S. economic recovery is sustained. "If progress in the labor market continues to be more rapid than anticipated or if inflation moves up more rapidly than anticipated, resulting in faster...