PG&E expects capital spending of about $6.6 billion in 2019

(Reuters) – U.S. power company PG&E Corp said bit.ly/2T5NcbG on Wednesday it expected capital expenses of about $6.6 billion in 2019 and $6.9 billion in 2020. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities related to wildfires that could potentially exceed $30 billion. In a […]

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U.S. Personal Income Rises Less Than Expected In November

Personal income in the U.S. increased by slightly less than expected in the month of November, according to a report released by the Commerce Department on Friday, although the report also showed slightly stronger than expected personal spending growth. The Commerce Department said personal spending edged up by 0.2 percent in November after climbing by 0.5 percent in October. Economists […]

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US consumer spending rises solid 0.4 percent in November

Americans lifted their spending 0.4 percent in November from the previous month, a moderate gain that should sustain steady economic growth. Personal incomes rose 0.2 percent, down from 0.5 percent in the previous month, the Commerce Department said Friday. Continue Reading Below Consumer spending jumped by the most in 13 months in October, and November's solid gain on top of […]

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Saudi spending to hit record high as oil prices resume slide

FILE – In this March 9, 2018 file photo, children play by snow at the “Snow City” in the Othaim Mall, in Riyadh, Saudi Arabia. King Salman has extended monthly allowances for government employees, military personnel, pensioners, social security recipients and students into next year. The announcement, carried by the Saudi Press Agency on Tuesday, Dec. 18, 2018, comes on […]

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Capital spending boom will continue for the next 3 years: Hassett

Trump determined to get US-China trade deal great for global growth: Hassett White House Council of Economic Advisors Chairman Kevin Hassett on U.S. trade tensions with China, the USMCA deal and the outlook for the U.S. economy. White House Council of Economic Advisors Chairman Kevin Hassett on Monday said a capital spending boom is giving the U.S. economy momentum. Continue […]

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U.S. Personal Income And Spending Growth Exceeds Estimates In October

Personal income and spending in the U.S. both increased by more than anticipated in the month of October, according to a report released by the Commerce Department on Thursday. The Commerce Department said personal income climbed by 0.5 percent in October after edging up by 0.2 percent in September. Economists had expected income to rise by 0.4 percent. Disposable personal […]

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US state spending exceeds $2 trillion in fiscal 2018

U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released on Thursday. Total expenditures grew an estimated 4.8 percent compared to 3.8 percent in fiscal 2017, the National Association of State Budget Officers’ (NASBO) annual state expenditure report […]

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