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Tag Archives: gas prices

Carmakers report strong June sales, easing worries

DETROIT — From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines. Automakers reported big gains over June of last year. ...

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Retail sales dropped 0.2 percent in May

WASHINGTON — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases. A sharp drop in gas prices pulled down overall sales in both months by 0.2 percent, the ...

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Americans spending a bit more as gas prices fall

WASHINGTON (AP) — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead. Consumer prices were flat in April, largely because of a decline in gas prices. Lower ...

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Hiring slows sharply in April, just 115K jobs added

WASHINGTON — U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly. The unemployment rate dipped, but only because more people gave up looking for work. The Labor Department ...

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U.S. growth slowed to 2.2 percent in first quarter

WASHINGTON — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests ...

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Obama wants to target oil market manipulation

WASHINGTON — President Barack Obama pushed Congress Tuesday to give oil market regulators more muscle to deter price manipulation by speculators, the latest White House response to determined Republican attacks on administration energy policies amid high gas prices at the ...

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