More Economy Articles

  • Stocks drift sideways in late afternoon trading

    NEW YORK (AP) — Major stock market indexes drifted between slight gains and losses late Monday afternoon, as traders prepared for a week loaded with reports on the economy and corporate profits. KEEPING SCORE: As of 3:21 p.m. Eastern time, the Standard & Poor's 500 index was up one point, or...

  • Stocks end little changed ahead of earnings rush

    NEW YORK (AP) — U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. The Standard & Poor's 500 index rose less than a point to close at 1,978 on Monday. The Dow Jones industrial average edged up 22 points to 16,982. The Nasdaq fell. The...

  • Only two years until Social Security's disability fund runs out

    The Social Security disability trust fund is only two years away from exhaustion, Social Security's Board of Trustees announced Monday, while saying that Medicare's finances appear to have strengthened, thanks to slowing growth in the cost of health care.

  • Zillow buying Trulia to build real estate titan

    NEW YORK (AP) — Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market. Zillow will also...

  • Dollar Tree steps up fight, buys Family Dollar

    NEW YORK (AP) — The fight for penny pinchers is intensifying. Dollar Tree said Monday it is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has been stepping up its courtship of lower-income customers The deal...

  • Contracts to buy US homes slip in June

    WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index slipped 1.1 percent to 102.7 last month. The index...

  • US stocks open mixed on Wall Street

    NEW YORK (AP) — The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies. The Dow Jones industrial average rose six points to 16,964 shortly after the market opened Monday. The Standard & Poor's 500 index...

  • Here's what the Fed could have bought with QE3

    For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.

  • Survey: US gas prices fall 9 cents to $3.58

    CAMARILLO, Calif. (AP) — A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58. That's the largest drop this year. Industry analyst Trilby Lundberg said Sunday the decrease came despite a rise in crude-oil...

  • Berkshire Hathaway to report earnings on Friday

    OMAHA, Neb. (AP) — Berkshire Hathaway Inc. will release its second-quarter earnings report Friday afternoon. The Omaha, Nebraska-based conglomerate is led by billionaire Warren Buffett, so many investors will read the report to learn more about deals and investments Buffett made. Much of the...

  • Ohio adds 244K jobs under John Kasich; recovery slow

    COLUMBUS, Ohio (AP) — Ask politician, pundit and voter alike and they will tell you the same thing: The November election is about jobs. Job growth is both a key economic indicator and an easy issue for politicians to talk about when campaigning. Yet when the claims of Republican Gov. John...

  • Worries about US consumers drag stocks lower

    NEW YORK (AP) — Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half...

  • Oil rises just above $102 a barrel

    The price of oil traded around $102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased. Oil prices had slipped Thursday after spiking earlier in the week on lower U.S. inventories and tensions in Ukraine and the Middle East. Benchmark U.S. crude for...

  • Global tensions don't dent enthusiasm for stocks

    A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience this year — which has pushed it to a...

  • Disappointing results at Visa, Amazon hurt stocks

    NEW YORK (AP) — The stock market is ending lower after Visa and Amazon posted disappointing results. The Dow Jones industrial average dropped 123 points, 0.7 percent, to close at 16,960 Friday. The Standard & Poor's 500 index fell nine points, or 0.5 percent, to end at 1,978. The tech-heavy...



From the Weekly Standard

  • Kristol Podcast: Obama vs. the Rule of Law

    The WEEKLY STANDARD podcast with editor William Kristol on President Obama's track record on the rule of law, Israel, Immigration, and more.

    Read More...
  • The Underground War on Israel

    During the first two weeks of the Gaza conflict, Hamas landed at least two significant punches. In firing missiles at Ben Gurion Airport, Hamas convinced the Federal Aviation Authority and...

    Read More...
  • No Sword, No Justice

    On Tuesday, President Obama visited the Dutch embassy in Washington to pay his respects to the victims of Malaysia Airlines Flight 17, shot down over Ukraine by forces armed and backed by Vladimir...

    Read More...