More Economy Articles

  • US new-home sales plummet in June

    WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised down the...

  • US unemployment aid applications drop to 284,000

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years. The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006,...

  • Oil drifts down despite China manufacturing bounce

    The price of oil fell below $103 a barrel Thursday, giving back part of its gains from the day before, despite improvements in Chinese manufacturing. By early afternoon in Europe, benchmark U.S. crude for September delivery was down 20 cents to $102.92 a barrel in electronic trading on the New...

  • S&P 500 ekes out record high as earnings roll in

    NEW YORK (AP) — The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. Biotechnology stocks were among the largest gainers. Among big tech names, Apple's earnings topped...

  • Barney Frank dismisses Elizabeth Warren's favorite idea

    Appearing Wednesday before the House Financial Services Committee he used to head, former Rep. Barney Frank, the architect of the 2010 Dodd-Frank financial reform law, dismissed the idea of reinstating Glass-Steagall, the Depression-era law that split investment banks from commercial banks that...

  • US economy, though sluggish, may now be sturdier

    WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially...

  • US stocks drift higher following mixed earnings

    NEW YORK (AP) — U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings. The meager gains were enough to mark another high close for the Standard & Poor's 500 index. The S&P 500 edged up three points, or 0.2 percent, to 1,987. That was two points...

  • IMF sees US growth at weakest since recession

    WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global lending organization said Wednesday that it...

  • SEC votes to end $1 a share for some money funds

    WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is to minimize the risk of a mass withdrawal from the...

  • Oil gains on sharp drop in US supplies

    The price of oil rose Wednesday after the government reported that U.S. oil supplies rose more than expected. The benchmark U.S. oil contract for September delivery gained 73 cents to $103.12 a barrel on the New York Mercantile Exchange. Brent crude for September delivery, a benchmark for...

  • Delta 2Q profit rises 17 percent

    ATLANTA (AP) — Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined. The results from Delta, the world's third-biggest airline company, produced a...

  • US stocks drift following mixed corporate earnings

    NEW YORK (AP) — Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings. Boeing fell 2 percent Wednesday after its revenue fell short of what analysts were expecting. Apple rose 3 percent after its earnings came in ahead of forecasts. Apple sold...

  • 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...



From the Weekly Standard

  • 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...

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  • A New Disorder

    Moments of clarity often come when you least expect them. In a speech to contributors last week in Seattle, Barack Obama made the case that his presidency has made America better. In most...

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  • Frozen in the Cold War

    In 1983, Barack Obama was a senior at Columbia University. He was not well known. He lived off-campus, had a few close friends, and spent a lot of time reading. He went to some meetings of the...

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