Economy

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Detroit places economic hopes on cruise ship dock

Jun 1, 2011
The city's $22 million cruise ship and ferry terminal was mostly funded through federal dollars. It could help revitalize the area's economy, but not many ships are calling in.
Posted In: Economy

The U.S. economy is slowing in the second quarter

May 27, 2011
Chris Low, chief economist at FTN Financial, discusses this week's economic indicators, and how the slowing economy will affect the recovery.
Posted In: Economy

Consumer spending shows tepid growth

May 27, 2011
Jill Schlesinger, editor-at-large at CBS/MoneyWatch, takes a look at today's numbers from the Commerce Department, and explains how slow consumer spending growth and GDP affects the recovery.
Posted In: Economy

GDP figures confirm sluggish economic growth

May 26, 2011
Contrary to expectations, the government didn't revise first quarter growth up from 1.8 percent. Weak consumer spending and factory output mutes the outlook.
Posted In: Economy

High gas prices start to hit the economy

May 12, 2011
Recent hikes in gas prices are taking their toll on the economy as hard-pressed American consumers start to curtail their spending.
Posted In: Economy

High gas prices hit retail sales, wholesale prices, jobs numbers

May 12, 2011
Diane Swonk, chief economist with Mesirow Financial, takes a look at today's economic indicators.
Posted In: Economy

U.S. wholesale prices up 0.8% in April

May 12, 2011
Wholesales prices rose in April driven by surging fuel costs. Michelle Meyer from Bank of America Merrill Lynch explains.
Posted In: Economy

U.S. exports jump, but trade gap widens

May 11, 2011
Oil imports, up nearly 20 percent because of price increases, erase best export mark in nearly 20 years.
Posted In: Economy

The toil index is rising

May 6, 2011
The number of hours Americans have to work in order to pay off their mortgages or rents has risen significantly in recent decades.
Posted In: Economy

Signs of U.S. economic weakness mount

May 4, 2011
A slowdown in the U.S. service sector and less hiring by private companies in April fuel concern that the economic recovery is sputtering.
Posted In: Economy

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