Economists predict increase in consumer spending
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
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Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
It's the narcissist rally.
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.
Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company.
Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.
A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.
Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of the nominees put forth by billionaire investor Carl Icahn.
Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme.
Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.
TUESDAY, May 21
The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.
Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.
Encouraging news about the U.S. economy is helping push stock prices higher on Wall Street.
Encouraging news about the U.S. economy extended the stock market's rally Friday.
Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of Carl Icahn's director nominees.
Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. remains unchanged this week, at 1,769.
TUESDAY, May 21
Attention, bargain-hunters around the world: Japanese goods - from cars to televisions - are going on sale.
It's the narcissist rally.