U S third quarter GDP grows 3.2 percent in revised data
The Commerce Department reports the economy expanded 3.2 percent annualized in Q3, up from 2.9 percent. Consumer spending rose 2.8 percent, auto purchases and utilities buoyed demand, exports climbed 10.1 percent while manufacturing faced a strong dollar headwind earlier in the year amid policy shift uncertainties.
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U.S
Commerce Department
Donald Trump
Barclays
Elerina Uruci
Dozens Arrested in Protests for 15 Dollar Minimum Wage
Dozens were arrested as workers and supporters protested for a 15 per hour minimum wage across cities including Chicago Detroit Houston Los Angeles Minneapolis and New York. At O Hare Airport hundreds chanted for 15 and officials from SEIU Local 1 reported up to 500 workers participated in an unfair labor practices strike.
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Ras Baraka
Port Authority of
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Denver
St. Louis
Massachusetts
Cambridge
New York City
Liberal Economic Policy Institute
Employment Policies Institute Think Tank
Cyber Monday loses edge as online prices surge overall
Online spending on Cyber Monday rose 12 percent to a record 3.45 billion dollars per Adobe Systems with Black Friday online sales at 3.34 billion, up 21.6 percent. E-commerce in November and December is projected to reach 94.7 billion, led by Amazon Wal-Mart Target and other retailers offering early online deals.
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Adm
Vanguard WellsAdm
SEC
Atlwaek
The
Associated Press
Consumer Confidence At Nine Year High Despite Election
The Conference Board says its index reached 107.1 in November, the strongest since July 2007, with current conditions and six month outlook at highs not seen since 2007 and 2015 respectively. Economists note post election optimism boosts spending outlook.
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Washington
U.S
The
Conference Board
Lynn
Franco
Andrew Hunter
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