by Natalie Peart | May 26, 2021 | Economy
The April durable goods report will be released Thursday morning at 8:30 a.m. amid labor shortages and production bottlenecks. While new orders were up in the March report by 1.1. percent, some economists wonder if businesses can meet the strong demand from consumers....
by Olivia Morley | May 19, 2021 | Economy, Featured, Retail Sales
The last few weeks have been busy for Eleni Tziouvaras, who owns Goleta, California-based E Salon. Tziouvaras’ business contracted at the beginning of the pandemic, slashing her income by 90 percent to $15,000 in 2020. Now, with restrictions on businesses being lifted...
by Olivia Morley | Apr 14, 2021 | Economy, Featured, Newest, Retail Sales
The Census Bureau will release the advance monthly retail sales report for April on Thursday. The report shows how much consumers spent on retail trade in the previous month – an important indicator of economic health. Economists surveyed by Bloomberg expect sales...
by Olivia Morley | Apr 10, 2021 | Economy, Featured, Newest, Retail Sales
Last year, gourmet cheese and specialty foods shop Formaggio Kitchen shut down in-store shopping at its Cambridge, Massachusetts location for almost two months. It swiftly lost its catering and restaurant accounts as its business clients shuttered. But unlike many...
by Angela Palumbo | Mar 29, 2021 | Economy, Featured, Jobs, Personal Income
Personal income went back down in February, due to a decrease in government aid. Consumer spending also went down for the same reasons, as well as extreme weather conditions in Texas. Personal income fell 7.1 percent in February and consumer spending fell 1.0 percent,...
