Oil Prices Hit Lowest Levels Since May 2009
New York, NY, Dec. 30, 2014 -- West Texas Intermediate for February delivery fell as much as $0.91 to $52.70 a barrel today on the New York Mercantile Exchange, the lowest since May 2009.
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Retail Sales Increase This Holiday Season
New York, NY, Dec. 29, 2014 -- Retail sales increased 5.5% from Black Friday through Christmas Eve, MasterCard reported.
Wood from Demolished Mill Becomes Flooring
Andover, MA, Dec. 29, 2014 -- Wooden decking, floorboards, and joists have been salvaged from Andover’s historic Abbot Mill and will be recycled into flooring by Cambridge-based reclaimed lumber company Longleaf Lumber.
Consumer Sentiment Closes 2014 on High Note
Ann Arbor, MI, Dec. 23, 2014 -- Consumer sentiment closed out 2014 at its highest level since January 2007, according to the Thomson Reuters/University of Michigan consumer sentiment index for December.
Consumer Spending Accelerates in November
Washington, DC, Dec. 23, 2014 -- U.S. consumer spending picked up in November, according to the Commerce Department.
Third Quarter GDP Grew 5%
Washington, DC, Dec. 23, 2014 -- Third quarter economic growth was much stronger than initially estimated, according to the Commerce Department.
New Home Sales Slip in November
Washington, DC, Dec. 23, 2014 -- Sales of new single-family homes fell 1.6% in November, according to the Commerce Department.
House Prices Rise in October
Washington, DC, Dec. 23, 2014 -- U.S. house prices rose in October, up 0.6% on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency monthly House Price Index.
Durable Goods Orders Fall in November
Washington, DC, Dec. 23, 2014 -- Durable goods orders declined in November, largely due to falling demand for defense products.
Existing Home Sales Decline in November
Washington, DC, Dec. 22, 2014 -- Home resales fell 6.1% in November to a seasonally adjusted annual rate of 4.93 million from 5.25 million in the prior month, the National Association of Realtors said.