News

Orders received by US factories declined 1.7% in February, marking the third drop in four months, the Commerce Department said. Orders for oilfield, gas-field and mining equipment dropped 20.1%; civilian aircraft fell 27.2%; and military aircraft fell 28%.

A massive leak of files from a Panama-based law firm provides a look into the offshore accounts of current and former political leaders as well as other prominent individuals. The leak included information on 214,488 offshore entities and more than […]

US employers added 215,000 jobs in March, according to data from the Labor Department. The unemployment rate reached 5%, up slightly from 4.9% in February, as more Americans started looking for work.

Household spending in the US recovered after the recession, but wages did not, according to a Pew Charitable Trusts report that focused on the period between 1996 and 2014. In 2014, median income before taxes was down 13% from 10 […]

Janet Yellen, head of the Federal Reserve, has told the Economic Club of New York that the central bank’s policy committee should “proceed cautiously” when considering an adjustment to interest rates. Bond yields declined and stock prices surged as markets […]

New data throw some cold water on the notion that the US economy began the year strongly, with consumer spending figures revised downward for January, followed by scant improvement in February.

The Internal Revenue Service answered 73% of calls to its toll-free telephone lines in the first week of this month, up sharply from the same period last year, according to agency records. A cash infusion from Congress helped the IRS […]

Orders received by US manufacturers for durable goods fell 2.8% in February, the Commerce Department said. It was the third time in four months that the data have pointed to a slowdown in the economy.

Twenty-eight of 63 major stock indices globally are registering bull markets, and 10 more may do so soon. However, challenges remain, including lower expectations for corporate earnings, some observers warn.