February US Personal Income rose 0.4%, above expectations. Consumer spending was up 0.1% showing American are saving some money.
Volvo will invest $500 million in its first U.S. assembly plant, plugging a longstanding gap in the carmaker's manufacturing base as it pursues a global comeback under Chinese ownership. The location of the new plant has not been announced. The plant will serve export markets as well as the United States. (Reuters)
Just because you retire does not mean you are not relevant. Former Fed Chairman Ben Bernanke has launched his own economics blog. The first post is on low global interest rates. (WSJ)
Business economists says the US economy will be shrugging off a winter economic slowdown, predicting 3.1% GDP growth this year, the best performance in a decade, according to a poll from the National Association for Business Economics.
As they continue their claw back to relevance, Best Buy will consolidate and close stores in Canada. The move will cost the electronics retailer up to $280 million in restructuring charges this year. (CNBC)
Thirteen years after the last Lincoln Continental rolled off the assembly line, Ford is bringing the car back, with a production version on sale next year. (AP)