Economic Slowdown

Gold Hits $1,350 as Concerns Grow Over U.S. Economy

Foreign-exchange reserves of USA concept, 3D rendering isolated on white background

Gold prices hit $1,350 an ounce on Thursday as concerns grow about the state of the U.S. economy. While some investors are pointing at escalating tensions with North Korea as the reason for the spike in gold prices, tensions in Washington over the last number of months, followed by weak economic indicators, and the weak (more…)

Consumer Spending Report Shows Big Drop in U.S. Car Sales

American Auto Industry Slows as Americans Spend Less on Vehicles The latest data on U.S. consumer spending reveals a glaring trend: Americans are cutting back their expenditures on personal transport. According to the statistics on consumer expenditures for the year 2016 posted by the U.S. Bureau of Labor Statistics, Americans are buying fewer cars, despite having (more…)