°®¶¹´«Ã½

U.S. auto sales may drop about 40% in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays analyst said.

Sales on e-commerce websites increased 3.5% in the first three months of the year from the previous quarter, reaching a record $80 billion worth of purchases, according to seasonally adjusted figures released by the Commerce Department on May 15.

New residential construction in the United States surged in April to the highest level in more than seven years, indicating the industry regained its footing after the soft patch at the beginning of the year.

U.S. travel over the May 25 Memorial Day weekend is poised to reach a 10-year high as Americans with more money in their pockets are lured onto the roads by lower prices at the pump.

Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed.

Factory production stalled in April, as American manufacturers were dealt blows by a strong dollar and cheap oil.

Wholesale prices in the United States unexpectedly declined in April from the prior month.

Fewer Americans than forecast filed applications for unemployment benefits last week, pushing the average over the past month to the lowest level in 15 years and underscoring labor-market strength.