More Economy Articles

  • Asia stocks bolstered by US earnings, home sales

    SEOUL, South Korea (AP) — Asian stock markets posted moderate gains Wednesday, bolstered by solid U.S. earnings and home sales. Indonesian stocks advanced after the official vote count showed Joko Widodo the clear winner of a bitterly contested presidential election. Hong Kong's Hang Seng was...

  • Contrarian's case: Why US could dip into recession

    NEW YORK (AP) — Just as the U.S. economy is strengthening, other countries are threatening to drag it down. Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy,...

  • Geopolitical tensions seen keeping oil prices high

    The price of oil fell slightly Tuesday but experts see geopolitical tensions preventing any significant short-term declines. U.S. benchmark crude for August delivery fell 17 cents to $104.42 a barrel on the New York Mercantile Exchange. The more heavily traded September contract slipped 47...

  • US stocks climb as earnings reports roll in

    NEW YORK (AP) — Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting better results than Wall Street expected. "The news today is pretty good," said JJ...

  • Solid earnings drive more gains in US stocks

    NEW YORK (AP) — U.S. stocks are closing higher as more companies turn in solid earnings. Lockheed Martin rose 3 percent after the defense contractor's profit and revenue beat analysts' forecasts. Comcast rose 2 percent after reporting higher profit than the market was expecting. The giant...

  • Coke's sales miss estimates as Diet Coke flags

    ATLANTA (AP) — Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. Globally, the world's biggest beverage maker, said sales volume rose 3 percent in the second quarter — including a 2 percent increase in sodas...

  • VIDEO: Obama announces Workforce Innovation and Opportunity Act

    President Obama and Vice President Joe Biden announced new steps to help grow the country's middle class with new job training programs Tuesday.

  • McDonald's profit slips; US sales decline

    OAK BROOK, Ill. (AP) — McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The world's biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition, changing eating habits and the persistent...

  • US home sales increase 2.6 percent in June

    WASHINGTON (AP) — Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum. The National Association of Realtors said Tuesday that sales of existing homes...

  • US consumer prices up 0.3 percent in June

    WASHINGTON (AP) — U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year. Prices rose 0.3 percent in June following a 0.4 percent rise in May, the Labor Department reported Tuesday....

  • Inflation flattens out in June, and some good news for consumers

    Consumer inflation held steady at 2.1 percent yearly in June, the Bureau of Labor Statistics reported Tuesday morning.

  • Stocks open higher; Comcast, Lockheed gain

    NEW YORK (AP) — U.S. stocks are moving higher in early trading as more companies turn in solid earnings reports. Comcast rose 1.3 percent after reporting higher profits than investors were expecting. The giant cable TV company signed up more subscribers for Internet service. Defense...

  • Verizon 2Q profit rises 93 percent

    NEW YORK (AP) — Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but at a lower rate, to $1.01 per share from 78...

  • Oil gains further on concerns over Ukraine, Gaza

    The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine and expectations of a fall in U.S. crude inventories. By early afternoon in Europe, U.S. benchmark crude for September...

  • US stock slip to start the week; Six Flags sinks

    NEW YORK (AP) — The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. European leaders are considering tougher sanctions on Russia for its backing of separatists accused of shooting down a...



From the Weekly Standard