Americans likely spent about $671 billion, one analyst says – an increase of 5.5 percent from 2016.
u.s. economy
Posted inBusiness, Nation & World
Service economy dips slightly after fastest growth in 12 years
Experts say consumer confidence and potential corporate tax cuts are boosting the U.S. economy.
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Posted inBusiness
Fed chief Janet Yellen says economic outlook highly uncertain
The central bank may be slower to raise interest rates as a result.
Posted inBusiness, Nation & World, News
Toyota, Mazda plant in U.S. may bring 4,000 jobs
The auto giants’ joint effort will produce 300,000 vehicles here instead of in Mexico as planned.
Posted inBusiness
Revisions affirm U.S. economy grew at weak rate last quarter
The GDP rose by only 1.9 percent, and finished at just 1.6 percent for all of 2016, the worst in five years.
Posted inBusiness
Report shows entrepreneurship on the rebound, but still dominated by older, white men
The Kauffman Foundation report also shows that startups are leaving the heartland and employing fewer people.
Posted inBusiness
Macy’s earnings drop nearly 13% on low sales
As consumers buy more from online giants such as Amazon, the nation’s largest department store chain shutters stores and tries to adapt its brand and Web presence.
Posted inMaine Voices, Op-Eds, Opinion
We must resist attempts to roll back the EPA and the laws it enforces
If you want to see how bad our environment could become, look at China, Mexico, India or Russia.
Posted inBusiness, Nation & World
Trump’s proposed tax on Mexico-made cars would be shock for U.S. industry
American automakers would face hard choices on how to offset the cost, where to build plants, profit levels and more.