WASHINGTON — The U.S. economy grew at a moderate 2.1% annual rate over the summer, slightly faster than first estimated, the government said Wednesday. But many economists say they think growth is slowing sharply in the current quarter. The July-September growth rate in the gross domestic product, the economy’s total...
US Durable Goods Orders Fall 1.1% in September
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods tumbled in September by the largest amount in four months while a closely watched category that tracks business investment fell for a second month. The declines underscored the troubles manufacturing is having in the face of a global slowdown and...
US Single-Family Homebuilding Ticks up, Apartments Fall
WASHINGTON — U.S. homebuilding fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for the fourth straight month. The Commerce Department said Thursday that overall housing starts in September dropped 9.4% to...
Tariffs Will Send Tomato Prices Soaring in US, Mexico Says
MEXICO CITY — Mexico's Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports. The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about...