Latest News Updates From Bloomberg News

Business

Housing Starts Jump to Seven-Year High, Permits Rise

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.

May 19, 2015
Business

Lower Fuel Prices Expected to Push Memorial Day Travel to 10-Year High

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.

May 15, 2015
Business

Consumer Sentiment Plunges by Most in Two Years

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

May 15, 2015
Business

Factory Output Stalls in April on Machinery Cutbacks

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

May 15, 2015
Business

Wholesale Prices Show Broad-Based Retreat in April

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

May 14, 2015
Business

Jobless Claims Fall as 4-Week Average Reaches 15-Year Low

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.

May 14, 2015
Business

Retail Sales Disappoint Again

Sales at U.S. retailers changed little in April, starting the second quarter on a weak note as Americans remained reluctant to splurge.

May 13, 2015
BusinessFuel

Oil Retreats on Speculation Global Supply Glut to Endure

Oil dropped a third day in London May 11 amid speculation that a global oversupply will persist.

May 11, 2015
Business

Volkswagen Creates Truck Group to Push MAN, Scania Cooperation

Volkswagen AG created a holding company for its MAN and Scania heavy-truck units in the latest effort to kick-start cost savings and cooperation efforts after buying the former rivals.

May 7, 2015
BusinessSafety

Jobless Claims in US Hover Near Lowest Levels in 15 Years

Fewer Americans than forecast filed applications for unemployment benefits last week, dropping the average over the past month to the lowest in 15 years, indicating companies are holding on to workers.

May 7, 2015