• Amazon just hit a record high

    4 monthes ago - By Business Insider

    Amazon shares hit a record high on Friday.
    They have erased a drop of more than 16% that occurred between the middle of March and early April after the e-commerce giant was caught up in the fallout of the Cambridge Analytica data scandal and attacked by President Donald Trump.
    A great earnings report turned things around for the stock.
    Watch Amazon trade in real time here.
    Amazon hit a record high Friday, touching $1,646.48.
    Shares are up just under 1% on the day, lagging behind the tech-heavy Nasdaq 100 's 1.56% gain.
    Amazon had a tough stretch between March 16 and April 4, when it shed...
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  • Construction Spending increased 1.8% in April

    Construction Spending increased 1.8% in April

    4 monthes ago - By Calculated Risk

    Earlier today, the Census Bureau reported that overall construction spending decreased in April:
    Construction spending during April 2018 was estimated at a seasonally adjusted annual rate of $1,310.4 billion, 1.8 percent above the revised March estimate of $1,286.8 billion. The April figure is 7.6 percent above the April 2017 estimate of $1,217.7 billion. Private spending increased and public spending decreased:
    Spending on private construction was at a seasonally adjusted annual rate of $1,014.3 billion, 2.8 percent above the revised March estimate of $986.6 billion....
    In April, the...
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  • U.S. Construction Spending Heated Up in April

    U.S. Construction Spending Heated Up in April

    4 monthes ago - By Economy

    There are no implications for Q2 GDP, but revisions were kind to Q1 GDP.
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  • US construction spending up 1.8 percent in April to record

    4 monthes ago - By Chron

    WASHINGTON - U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years.
    The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed from a sizable 4.5 percent rise in residential construction, the biggest percentage gain since November 1993. Non-residential construction rose by a more modest 0.8 percent while spending on government projects fell 1.3 percent as both the federal government and state and local governments saw declines.
    The overall gain pushed...
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  • US construction spending up 1.8 percent to record high in April, reflecting surge in home building

    4 monthes ago - By Chron

    WASHINGTON - US construction spending up 1.8 percent to record high in April, reflecting surge in home building.
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