More Economy Articles

  • Survey: US companies add 218,000 jobs in July

    WASHINGTON (AP) — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the fourth straight month of job gains...

  • As Fed meets, key issues likely to stay unanswered

    WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed start reducing...

  • US economy likely showed big rebound last quarter

    WASHINGTON (AP) — After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year. The government on Wednesday will provide its first estimate of how...

  • Toyota remains at top in sales after first half

    TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Japan's Toyota Motor Corp. announced Wednesday that January-June...

  • More climate change, more money problems

    The White House and supportive Democrats tout the administration's climate strategy as a financial winner, while opponents argue it would hit people's pocketbooks and reduce electric grid reliability.

  • Study estimates unionization cost workers in some states $11,000

    Heavy unionization cost the average worker in Michigan about $11,000 over the last 50 years. It cost workers in Nevada about $9,000 over the same period and Ohio workers about $8,600.

  • Export-Import Bank justifies subsidies with useless job numbers

    "This is so important," Sen. Maria Cantwell, D-Wash., said about reauthorizing the Export-Import Bank, "because 85,000 Washington state jobs hang in the balance. That is how many jobs have been supported here in the state by the Export-Import Bank.

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, down from $14.1 billion, or $1.98 per share,...

  • UBS sees profits rise, probed over trading system

    GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools." UBS AG...

  • Stocks turn mixed at midday ahead of economic data

    NEW YORK (AP) — Major stock indexes turned mixed in midday trading as investors waited for a series of key economic reports from the U.S. and China later in the week. The Dow Jones industrial average eased less than one point to 16,983 as of 12:12 p.m. Eastern time Tuesday. The Standard &...

  • Fed is weighing key issues but may reveal little

    WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How...

  • Merck 2Q profit more than doubles

    A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts' expectations. The maker of popular Type 2 diabetes pill Januvia said Tuesday that net income increased to $2 billion, or 68 cents per share,...

  • US consumer confidence jumps to 90.9 in July

    WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months...

  • Reynolds American 2Q profit climbs 6.7 percent

    RICHMOND, Va. (AP) — Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold. The Winston Salem, North Carolina-based company said it earned $492...

  • Despite good news, benefit programs face problems

    WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward the brink of insolvency. Getting relief from a slowdown in...



From the Weekly Standard