More Economy Articles

  • Sears 2Q loss widens on sluggish sales

    HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. The company, which operates Sears and Kmart, said it plans to do more...

  • B ofA reaches $17B settlement with US

    WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday. One of the officials, who...

  • Why Bank of America deal might not cost it $17B

    WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar. Inflated figures make sensational headlines...

  • Zimbabwe economy takes another dive

    HARARE, Zimbabwe (AP) — It is 4 a.m. and people are already lining up outside Zimbabwe's main passport office — four hours ahead of opening time — in hopes of securing a passport that will allow them to escape their country's dearth of opportunities and search for work abroad. Several million...

  • The media needs to spend more time focusing on the roots of Ferguson's frustration

    Rather than focusing exclusively on the police response to Brown's death, perhaps the media should further investigate certain historical economic and political trends in Ferguson.

  • Apple's stock bounces back to hit a new high

    SAN FRANCISCO (AP) — Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone represents a dramatic turnaround in sentiment since...

  • Some Fed officials want to slow economic help soon

    WASHINGTON (AP) — Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates. Minutes of the Fed's discussion at its July 29-30...

  • Despite Fed, a late push sends US stocks higher

    NEW YORK (AP) — A late round of buying is leaving stock indexes mostly higher. Bond prices fell, sending yields higher, on word that Federal Reserve policymakers were leaning toward raising interest rates. The Dow Jones industrial average rose 59 points, or 0.4 percent, to close at 16,979...

  • More Federal Reserve officials show support for ending stimulus earlier

    Most Fed officials expect that job gains will continue to accelerate and inflation will start rising in 2014.

  • Reward offered for former billionaire's assets

    HELENA, Mont. (AP) — The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings. Brian Glasser, an attorney with Bailey & Glasser LLP of...

  • Women small business owners struggle to get loans

    NEW YORK (AP) — Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11-year-old company,...

  • Target cuts outlook as breach fallout lingers

    NEW YORK (AP) — Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales. The nation's third-largest retailer also said Wednesday that its second-quarter...

  • Yellen to give her outlook as Fed honeymoon fades

    WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his...

  • Cowboys worth more than $3 billion, tops in NFL

    NEW YORK (AP) — The Dallas Cowboys are the first U.S. sports franchise to top $3 billion in value. For the eighth straight year, the Cowboys are worth the most of all 32 NFL franchises, according to Forbes. They're valued at $3.2 billion; only Real Madrid at $3.4 billion is worth more among...

  • Trading in US stocks subdued ahead of Fed minutes

    NEW YORK (AP) — U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve. The Dow Jones industrial average rose 30 points, or 0.2 percent, to 16,950 as of noon Eastern time Wednesday. The Standard & Poor's 500 index was up two points, or 0.1...



From the Weekly Standard

  • Appalling

    The president is appalled. Indeed he said this afternoon that "the entire world is appalled by the brutal murder of Jim Foley by the terrorist group, ISIL." The act of violence that killed Jim...

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  • Annihilate ISIS

    Here are the two best responses I've seen so far to the latest barbarism from ISIS. My friend Seth Leibsohn, now a talk radio host in Phoenix, emails with a short-term suggestion:

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  • Poll: Voters Overwhelmingly Oppose Executive Action On Immigration

    American voters says they would prefer President Barack Obama work with Congress rather than use executive action to address the illegal immigration crisis at the border, according to a detailed...

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