Consumer spending unexpectedly stagnated in May as employment prospects dimmed and rising inflation caused Americans to cut back.
BusinessWeek.com — Finance
Investors, spurred by real estate investment trusts, are paying record prices for U.S. hotels, outpacing growth in lodging occupancies and rates
BusinessWeek.com — Finance
Short sellers are flocking to solar power, dumping record levels of stock in First Solar Inc. and competing equipment makers in a bet that profit will be hurt by a glut of Chinese panels and shrinking demand in Europe.
BusinessWeek.com — Finance
The cost of living in the U.S. rose more than forecast in May as prices for everything from autos to hotel rooms climbed, signaling raw-material expenses are filtering through the economy.
BusinessWeek.com — Finance
Royal Bank of Canada, the country’s largest lender, is starting a nationwide marketing campaign touting lower home-equity loan rates than most rivals to gain customers as it combats a slowdown in Canadian consumer lending.
BusinessWeek.com — Finance
Japan’s producer prices rose for an eight month in May, pushed up by higher energy and raw material costs.
BusinessWeek.com — Finance
It’s no secret that speculators are the real reason behind high gas prices. The surprise is that Washington is making no effort to stop them, writes Ed Wallace
BusinessWeek.com — Finance
Asian stocks fell for a fourth day, after oil prices fell amid concern global economic growth will slow and as the yen advanced, hurting the earnings outlook for Japanese exporters.
BusinessWeek.com — Finance
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