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Tag Archives: growth

O’Malley notes positive trends in housing markets

Gov. Martin O’Malley is noting some positive numbers in Maryland’s housing market. O’Malley joined Department of Housing and Community Secretary Ray Skinner at a new homeowner’s residence in Baltimore on Thursday to say home sales have increased statewide for the ...

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Bernanke: Fed’s efforts have helped the economy

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve’s efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that growth remains weak and the Fed can only do ...

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Bernanke: Recession likely if Congress doesn’t act

WASHINGTON — Federal Reserve Chairman Ben Bernanke painted a dark picture of where the U.S. economy is headed if Congress fails to reach agreement soon to avert a budget crisis. “It would probably knock the recovery back into a recession ...

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Cheaper gas keeps consumer prices flat

WASHINGTON — Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild. Weak economic growth is limiting the ability of companies to raise prices. The tame inflation was underscored ...

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Marriott profit grows, but growth slowing in Asia

NEW YORK — Marriott International Inc. is betting that it can grow earnings this year through higher bookings and rates despite slowing growth overseas The Bethesda-based hotel company raised its profit expectation for the full year but reined in its ...

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Wholesale stockpiles grew in May but sales fell

WASHINGTON — U.S. wholesale companies added modestly to their stockpiles in May. But sales at the wholesale level dropped by the largest amount in three years, a troubling sign for future growth. The Commerce Department said Wednesday that wholesale stockpiles ...

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Service firms grew at slowest pace in 2 years

WASHINGTON — U.S. service companies grew in June at the slowest pace in nearly two and a half years, more evidence that the economy has weakened. But those same firms boosted hiring last month, supporting other data that show job ...

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Factory orders increased 0.7 percent in May

WASHINGTON — Companies placed more orders with U.S. factories in May from April, demanding more computers, machinery and other equipment that signal investment plans. The increase is a welcome sign after two months of declining factory orders. Still, factory orders ...

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