STOCKHOLM–Volvo Car AB said Monday that car sales fell 26.9% on year in June as Covid-19 lockdowns in China caused component shortages which primarily hit production of its fully electric Read more
Tag: Economic Performance/Indicators
Will the 4th of July weekend be a good time to buy a car?
The Fourth of July means fireworks, barbecues, and car commercials. The pyrotechnics and the meat should be as good as ever this year. But the over-the-top commercials may be lacking Read more
FTC proposes new rule to eliminate ‘deception’ and ‘fraudulent add-on products’ in car-buying process
The Federal Trade Commission is considering a move to eliminate junk fees and bait-and-switch advertising from the car-buying process, according to a notice of proposed rulemaking. “For many Americans, buying Read more
Recession fears are slamming the stock market. This GDP tracker explains why.
Rising fears of a recession are getting the blame for the stock market’s renewed slide while also driving a retreat in Treasury yields. A look at a regional Fed bank’s Read more
Guggenheim warns U.S. economy likely entered recession during the second quarter
Recession fears continued to weigh on the stock market this week, as the S&P 500 cemented its worst first-half performance in more than 50 years, and a final reading on Read more
Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It was the worst start of the year for U.S. stocks Read more
Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It was the worst start of the year for U.S. stocks Read more
Construction spending falls in May, first drop in eight months
Outlays for construction projects fell 0.8% in May at a seasonally adjusted annual rate of $1.780 trillion, the Commerce Department reported Friday. Economists polled by The Wall Street Journal had Read more
U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more
Opinion: A revolution on the supply side is needed to defeat inflation without crushing the global economy
MILAN, Italy (Project Syndicate)—Central banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate Read more