Economics News Results

  • Existing Home Sales Seen Dipping Again -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 1000 Housing Market Index Jan 85 86 Thursday 0830 Jobless Claims Jan 16 925 K 965 K 0830 Housing Starts Dec 1.56 M 1.547 M-- percent change Dec +0.8% +1.2% 0830 Building Permits Dec 1.61 M 1.639 M-- percent change Dec -1.8% +6.2% 0830 Phila Fed Mfg Svy Jan 10.5 11.1 Friday 0945 Markit Flash Mfg PMI Jan 57.0 57.1* 0945...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus -- 2nd Update

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus -- Update

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

  • Yellen Tells Lawmakers That American Workers Would Be Her Core Focus

    WASHINGTON-- Janet Yellen told lawmakers Tuesday she would make the needs of America's workers her core focus if confirmed as the next U.S. Treasury secretary and ensure the U.S. has a competitive economy that offers good jobs and wages workers in cities and rural areas. "I will be focused on day one on providing support to America's workers and to small businesses, putting into effect as quickly and efficiently as I can, the relief in the bill that was recently passed, and then over time...

  • China's Consumers Fall Behind Even as Its Economy Marches Forward

    HONG KONG-- One thing is missing from China's otherwise remarkable economic recovery: a strong rebound in consumer spending. Even though China was the only major economy to expand during the Covid-19 pandemic last year, its growth remains highly unbalanced, relying heavily on exports of manufactured goods to the U.S. and elsewhere. Domestic consumption has lagged, with retail sales shrinking 3.9% in 2020 from the previous year and demand for imported goods falling slightly.

  • German Economic Expectations Rise in January, ZEW Survey Says

    German economic expectations increased in January, driven by the start of Covid-19 vaccinations, the ZEW economic research institute said Tuesday. The measure of economic expectations rose to 61.8 in January from 55.0 in December, the institute said. The outcome beats economists' forecast of 59.0 points, taken from a survey by The Wall Street Journal.

  • German Consumer Prices Fell in December, in Line With Forecasts -- Update

    --German consumer prices fell 0.3% on year by national standards and declined 0.7% on EU-harmonized standards. --The decrease was again driven by a reduction in value-added-tax. --On the month, consumer prices rose 0.5% by national standards and 0.6% by EU-harmonized standards.

  • German Consumer Prices Fell in December in Line with Forecasts

    German consumer prices declined further in December on the year, confirming preliminary data, German statistics agency Destatis said Tuesday. On a year-on-year basis, consumer prices fell 0.3% measured by national standards, in line with the drop expected by economists polled by The Wall Street Journal. Consumer prices declined 0.7% year-on-year by EU-harmonized standards, as expected by economists polled by The Wall Street Journal.

  • Yellen Calls for More Aid to Avoid Longer, More Painful Recession -- 2nd Update

    WASHINGTON-- Janet Yellen, President-elect Joe Biden's choice for Treasury secretary, plans to tell lawmakers that the U.S. risks a longer, more painful recession unless Congress approves more aid and urge them to "act big" to shore up the recovery. Yellen is set to testify Tuesday before the Senate Finance Committee, which is considering her nomination, according to a copy of her prepared remarks that was viewed by The Wall Street Journal. "Economists don't always agree, but I think...

  • Yellen Calls for More Aid to Avoid Longer, More Painful Recession -- Update

    WASHINGTON-- Janet Yellen, President-elect Joe Biden's choice for Treasury secretary, plans to tell lawmakers that the U.S. risks a longer, more painful recession unless Congress approves more aid and urge them to "act big" to shore up the recovery. Yellen is set to testify Tuesday before the Senate Finance Committee, which is considering her nomination, according to a copy of her prepared remarks that was viewed by The Wall Street Journal. "Economists don't always agree, but I think...

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