More Economy Articles

  • Global stocks bolstered by US earnings, home sales

    LONDON (AP) — Markets were steady Wednesday as the focus turned toward U.S. corporate earnings and as tensions between Russia and the West over the downing of a Malaysian jetliner in Ukraine eased. In Europe, Britain's FTSE 100 closed flat at 6,798.15 while Germany's DAX added 0.2 percent to...

  • Derivatives regulator CFTC's 'revolving door' move to industry group criticized

    An outgoing commissioner of the regulatory agency that oversees derivatives contracts will become the CEO of the International Swaps and Derivatives Association, a trade group for firms that engage in derivatives transactions, according to a statement from the ISDA Wednesday.

  • Stocks open mostly lower following mixed earnings

    NEW YORK (AP) — Stocks are mostly lower in early trading as traders look over a mixed batch of earnings reports. Whirlpool, Ryder systems and Boeing all fell Wednesday morning after reporting their latest quarterly results. Apple was slightly higher after its earnings report late Tuesday...

  • 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...



From the Weekly Standard

  • For GOP, a Good Crop of Senate Candidates

    Republicans have distinct advantages in Senate races this year, including President Obama’s low job ratings, the number of vulnerable Democrats, and an unhappy national mood. But there’s...

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  • How to Play a Weak Hand in Iraq

    Iraqi prime minister Nuri al-Maliki knows what he wants: a third term in office for himself and U.S. military help in defeating ISIS (now the Islamic State). Political reconciliation between...

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  • The Ethics of Food and Drink

    Should the law compel nursing homes to starve certain Alzheimer’s patients to death? This is not an alarmist fantasy, but a real question, soon to be forced by advocates of ever-wider...

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