Maryland Daily Record Maryland's trusted source for business and legal news
Consumers increased their borrowing at a slower pace in May compared to the prior month.
Tagged with: consumer spending credit cards retail sales
Read More »U.S. consumer spending up 0.4 percent in December
Americans increased their spending at a solid pace for the second straight month in December even though their income was flat.
Tagged with: breaking news consumer spending Economy federal reserve united states
Read More »Consumer prices rise just 0.1 pct. in August
WASHINGTON — U.S consumer prices barely rose last month, the latest sign that slow economic growth is keeping inflation tame. The consumer price index increased just 0.1 percent in August, the Labor Department said Tuesday, after a 0.2 percent increase ...
Tagged with: Business business news consumer prices consumer spending consumers Economy federal reserve inflation Retail
Read More »Retail sales rise slight 0.2 percent in August
WASHINGTON — Americans boosted their spending at retail businesses only modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchases. Spending at retail businesses rose ...
Tagged with: Business business news consumer spending Economy growth Retail shopping wages
Read More »Fed survey finds economy growing moderately
WASHINGTON — Economic growth held steady across the United States from July through late August, as Americans bought more cars and homes and auto factories added workers. A Federal Reserve survey released Wednesday showed that all 12 of the Fed’s ...
Tagged with: beige book consumer spending Economy employment federal reserve Government growth interest rates
Read More »Automakers report sales up double-digits in August
DETROIT — The major U.S. and Japanese automakers all posted double-digit U.S. sales gains last month as car buyers snapped up pickup trucks and small cars to lead the industry toward its best month in six years. Honda reported the ...
Tagged with: Business business news consumer spending Economy ford gas gas prices general motors nissan sales toyota
Read More »Consumer spending up weak 0.1 percent in July
WASHINGTON — U.S. consumers barely increased their spending in July as their income grew more slowly, held back in part by steep government spending cuts that reduced federal workers’ salaries. The tepid gains suggest economic growth is off to a ...
Tagged with: Business business news consumer consumer spending Economy growth income Recession Retail
Read More »Economy grew at 2.5 percent rate in spring
WASHINGTON — The U.S. economy grew at a 2.5 percent annual rate from April through June, much faster than previously estimated. The steep revision was largely because U.S. companies exported more goods and imports declined. The Commerce Department said second-quarter ...
Tagged with: Business business news commerce department consumer spending Economy Government growth housing market Recession trade deficit
Read More »Baltimore tourism numbers on the rise despite areas of concern
Despite its annual report noting some areas of concern, Visit Baltimore’s yearly business meeting Wednesday celebrated a successful year of “continued rebound” for the tourism industry.
Tagged with: Baltimore baltimore convention center Business business news consumer spending maryland otakon Tourism visit baltimore
Read More »Franchot: Starting school after Labor Day would help economy
ANNAPOLIS — Maryland’s comptroller on Thursday called on schools to start after Labor Day in hopes of boosting the state’s economy, citing a report projecting a delay in beginning the school year could result in an additional $74.3 million in ...
Tagged with: Comptroller Peter V. R. Franchot consumer spending Economy Education education news Retail
Read More »
