The gross domestic product, the broadest measure of economic output, grew at an annual rate of 0.8 percent in the first quarter, the Commerce Department said Friday. That’s slightly better than the initial estimate of 0.5 percent but is still the weakest pace in a year.
The University of Michigan says its index of consumer sentiment rose to 94.7 in May, the highest in nearly a year. That’s up from 89 in April.
We sat down with Shaker to find out how the native of suburban Chicago went from building health clinics in Niger to plotting one of the country’s most anticipated redevelopment projects. Well, that, and to sink the hell out of his battleships — with a little help from Mu Brewery
Bodega is actually the Spanish word for “warehouse,” which is why these stores are so much fun to visit. They are often overpacked, jumbled, intimate experiences unlike the overly manicured big-box grocers
Talking about money can be stressful. But approach the situation knowing what you want to get out of the conversation and with the attitude that you are working together toward a solution. Try not to be judgmental. When people are put on the defensive, conversations become strained. Broach the topic at a time that is good for both of you.
“The consumer seems to be spending freely, but business investment in the economy’s future is not so hot right now,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. “The economy is not firing on all cylinders if business investment spending in capital equipment is so weak.”
Weekly applications for unemployment aid dropped 10,000 to a seasonally adjusted 268,000, the Labor Department said Thursday. The four-week average, a less volatile measure, increased to 278,500.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index surged 5.1 percent last month to 116.3, the highest since 117.4 in February 2006.
Gawker said Thursday that it expects to prevail in an appeal of the Hogan verdict and that it’s always said it is exploring contingency plans. The company would not say when the banker, Mark Patricof of Houlihan Lokey, was hired, other than to say “recently.” The Wall Street Journal and the New York Post earlier reported that Gawker was interested in a sale.