Paul Dykewicz
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Consumer Spending in U.S. Increases More Than Forecast
U.S. consumer spending climbed more than forecast in December, even as incomes stagnated, the Commerce Department reported Friday.
Under Armour Flexes Muscle to Lift Earnings and Sales
Under Armour, Inc. (NYSE: UA) finished 2013 well above analysts’ estimate with its latest quarterly results that blew past profit and sales expectations to send its stock price racing ahead Thursday nearly $20 a share to more than $100.
Investors Left to Guess about Turkey’s Next Economic Move
Turkey ruled out capital controls on Thursday in its efforts to defend the lira’s value and tame inflation, leaving investors guessing about a new economic package by Prime Minister Tayyip Erdogan might contain.
U.S. Economy Grew 3.2% in Q4 as Consumer Spending Picked up
The U.S. economy expanded at a 3.2 percent pace in the fourth quarter as Americans’ spending rose the most in three years, signaling clear improvement heading into 2014.
Stocks close at new 2014 lows as Fed tapers again
Stocks fell Wednesday as major benchmark indexes hit new 2014 closing lows after the Federal Reserve announced plans to cut its monthly bond purchases by an additional $10 billion a month.
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Federal Reserve Cuts Stimulus to $65 Billion a Month
The U.S. Federal Reserve on Wednesday announced a further $10 billion cut to its monthly bond purchases as it stuck to a plan to wind down its monetary stimulus, despite recent turmoil in emerging markets.