New orders for manufactured durable goods declined by 9.3% in June. Orders dropped by $32.1 billion to end the month at $311.8 billion, the U.S. Census Bureau said in a Friday (July 25) press release. June’s drop in orders for durable goods followed a 16.5%...
American businesses are reportedly absorbing most of the cost of new U.S. tariffs. In recent earnings reports, General Motors said it paid $1 billion in tariffs in the second quarter, Stellantis said it paid $350 million and Hasbro said it expects to pay $60 million...
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.3% in June, following a flat reading in May (revised upward from an initial −0.1%), per a Monday (July 21) news release. The Index now stands at 98.8 marking its lowest level since...
Consumer sentiment inched up in July to reach its highest level in five months, though it remained below its December reading and its historical average, according to preliminary results from the University of Michigan’s Surveys of Consumers. The survey found that consumer sentiment rose by...
Retail spending in the United States showed signs of resilience in June, with sales rising 0.6% from May and climbing 3.9% versus the same month a year ago, according to data released Thursday (July 17) by the U.S. Census Bureau. The report, based on a...
Main Street businesses, vital to the U.S. economy, have seen their growth rate significantly fade since late 2024 through Q1 2025, lagging behind the overall U.S. business growth despite a strong post-pandemic rebound. This slowdown is largely attributed to fewer new establishments and slower wage...
The tariffs are hitting home as businesses pass along higher costs to end customers. As measured by the Consumer Price Index released Tuesday (July 15), consumer prices were up 0.3% in June, and the annual inflationary pace was 2.7%, per data from the Bureau of...
JPMorgan’s CEO is worried Wall Street is underestimating the potential for higher interest rates. Such a thing is a “cause for concern,” said Jamie Dimon, whose comments Thursday (July 10) at an event hosted by Ireland’s Department of Foreign Affairs were reported by Reuters. As...
Wells Fargo said Thursday (July 10) that it sees signs that the economy “appears to be losing some steam,” with job creation slowing and inflation expected to rise. The bank said in its “U.S. Economic Outlook: July 2025“ that nonfarm payrolls added an average of...