Economy

Policy: Economy

US stocks rise, extending gains into third day

By The Associated Press | 04/16/14 05:30 PM

Stocks are higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. The Standard & Poor's 500 index rose 19 points, or 1 percent, to close at 1,862 Wednesday. The Dow Jones industrial average rose 162 points, or 1 percent,...
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Janet Yellen: Full employment, stable inflation 'plausible' by the end of 2016

By Joseph Lawler | 04/16/14 02:29 PM

In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...
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Obama, Joe Biden announce $600 million for jobs training initiatives

By Meghashyam Mali | 04/16/14 05:04 PM

President Obama on Wednesday announced initiatives he said would better train American workers to fill high-skilled jobs, his latest effort to push his economic agenda without Congress. “We've got to train more Americans with the skills to fill the jobs that are there,” said Obama in an...
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