U.S. Retail Sales Post Surprise Gain

The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, largely thanks to online retailers.

By Augusta Saraiva | September 17, 2024 at 11:06 AM

Photo: Customers shop during the grand opening of Nordstrom Rack in Las Vegas, Nevada, on May 18, 2023. (Photo by David Becker/Getty Images for Nordstrom Rack.)

U.S. retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants.

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Industrial Production Rebounds After Hurricane-Related Drop

By Vince Golle | September 18, 2024

After a 0.9% decline in July, production at U.S. factories, mines, and utilities increased 0.8% in August, exceeding expectations.

Industrial Production Rebounds After Hurricane-Related Drop

Fed Cuts Rates by Half a Point in Decisive Bid to Defend the Economy

By Catarina Saraiva | September 18, 2024

At future meetings, FOMC policymakers will consider "additional adjustments" to rates based on "incoming data, the evolving outlook, and the balance of risks."

Fed Cuts Rates by Half a Point in Decisive Bid to Defend the Economy

Boeing Furloughs Salaried Staff to Preserve Cash Amid Strike

By Julie Johnsson | September 18, 2024

After burning through more than $8 billion in the first six months of the year, Boeing now faces a cash squeeze that puts its investment-grade rating at risk.

Boeing Furloughs Salaried Staff to Preserve Cash Amid Strike

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