Sectors News Results

  • U.S. Housing Starts Rebounded in March

    Construction of new homes in the U.S. increased sharply in March following a weather-related decline the previous month, data from the Commerce Department showed Friday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose by 19.4% in March compared with February, to a seasonally adjusted annual rate of 1.739 million.

  • Gas-Fired Plants Become Europe's Largest Power Sector Emitter

    Gas-fired power plants overtook lignite coal stations as Europe's largest power sector polluter in 2020 for the first time, data from the EU's Emissions Trading System shows. Energy think tank Ember said Friday that gas made up a record 34% of the power sector's total emissions last year. Carbon-dioxide emissions generated by burning gas to produce electricity fell to 236 million metric tons in 2020 from 250 million tons in 2019..

  • U.S. Economy Ramps Up on Spending Surge, Hiring Gains -- Update

    The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales-- a measure of purchases at stores, at restaurants and online-- jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending-- the biggest driver of economic activity-- came as the government began distributing hundreds of...

  • Housing Starts and Building Permits Seen Up -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 0830 Housing Starts Mar 1.62 M 1.421 M-- percent change Mar +14.0% -10.3% 0830 Building Permits Mar 1.75 M 1.682 M-- percent change Mar +4.0% -10.8% 1000 Consumer Sentiment Apr 89.0 84.9** March Final Reading.

  • U.S. Retail Sales Rose 9.8% in March -- Update

    U.S. shoppers boosted retail spending by nearly 10% in March as federal-stimulus funds made their way to households, warmer weather set in and the economy reopened more fully from pandemic-related restrictions. Retail sales-- a measure of purchases at stores, at restaurants and online-- jumped 9.8% last month, the Commerce Department reported Thursday. The increase was the largest monthly gain since last May, during the initial bounceback from lockdowns early in the pandemic.

  • UnitedHealth 1Q Revenue, Profit Grow as Membership Expands -- Update

    UnitedHealth Group Inc. (UNH) recorded stronger year-over-year revenue and profit figures for the first three months of 2021, driven by growth in its insurance programs for communities and seniors and its health-services business. Although the coronavirus pandemic is still weighing on the healthcare industry, the Minnetonka, Minn.-based company said Thursday that its first-quarter results had boosted its outlook for the full year. UnitedHealth (UNH) is the parent company for...

  • Covid-19 Stimulus, Vaccinations Likely Spurred March Retail Sales Surge

    U.S. shoppers likely boosted retail spending sharply in March as federal-stimulus funds made their way to households, warmer weather set in and the economy reopened more fully from pandemic-related restrictions. Economists forecast that the Commerce Department will report Thursday that retail sales-- a measure of purchases at stores, at restaurants and online-- increased by 6.1% last month, compared with a 3% drop in February. "There were a lot of positive forces for consumers in...

  • Nordic Banks Team Up to Fight Financial Crime in Construction Industry

    STOCKHOLM--A group of seven Nordic banks Wednesday launched a new initiative that will see them implement new rules on lending to the construction sector in an effort to fight financial crime. The initiative will see a set of guidelines implemented later this year in Sweden at Danske Bank AS, Svenska Handelsbanken AB, Nordea Bank Abp, SBAB Bank AB, Skandinaviska Enskilda Banken AB (SVKEF), Sparbankerna and Swedbank AB (SWDBF). "Financial crime and illegal labour in the construction industry...

  • Brazil Feb Retail Sales Rose as Parents Spent on Back-to-School Items

    SAO PAULO--Brazil retail sales rose for the first time in three months in February as back-to-school spending boosted sales of books and other educational materials. Sales increased a seasonally adjusted 0.6% in the month and fell 3.8% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Tuesday. In January, sales fell 0.2% in the month and declined a revised 0.4% from a year earlier.

  • S&P 500 Sets Record, Propelled by Tech Stocks

    The S&P 500 closed at another record Thursday, propelled by a resurgence in big technology stocks. Stocks have started the second quarter on strong footing, with the broad stock market index rising 3.1%. The largest tech companies have surged ahead as the bond market calmed, easing concerns about the high valuations of growth stocks.

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