01 Mar Under Hood of US Construction Spending Is Government Pullback Here's one key takeaway from the Commerce Department's report March 1 on U.S. construction spending in January. Outlays dropped 1% from the previous month (forecast was for 0.6% rise), the biggest drop since April, which will drag on first-quarter gross domestic product. Read more...
01 Mar Manufacturing in US Expands at Fastest Pace Since August 2014 Manufacturing expanded in February at the fastest pace since August 2014 as factory managers reported stronger orders and production. Read more...
01 Mar Economists May Be Underestimating How Fast the Robots Are Coming for Your Job Economists may be underestimating the impact on labor markets of increasing automation and the rise of artificial intelligence, according to a post published on the Bank of England's staff blog on March 1. Read more...
01 Mar Consumers Spend Less Than Forecast as Inflation Bites Consumer spending rose less than projected in January as rising prices pinched Americans' wallets, leading inflation-adjusted purchases to fall by the most since 2009. Read more...
01 Mar Navistar, Volkswagen Seal $256 Million Alliance Deal NASHVILLE, Tenn. - Navistar International Corp. and Volkswagen's Truck & Bus division completed their alliance announced in September, with the German automotive company acquiring 16.2 million common shares, or 16.6% of equity, and the Lisle, Illinois, truck maker getting $256 million. Read more...