More Economy Articles

  • S&P 500, Dow average heading for record highs

    NEW YORK (AP) — Encouraging economic news is sending the stock market further into record territory. A surge in consumer confidence helped push the Standard & Poor's 500 past 2,000 Tuesday morning, a day after the index closed just short of that milestone. The Dow Jones industrial average was...

  • Survey: US consumer confidence near a 7-year high

    WASHINGTON (AP) — U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. The Conference Board said Tuesday that its confidence index rose for a fourth straight month to 92.4 from 90.3 in July. The August reading is the highest since...

  • US durable goods orders surge record 22.6 percent

    WASHINGTON (AP) — Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month. Outside of transportation, orders dipped. Despite the...

  • Paul Ryan: Limit home mortgage deduction to the middle class

    Rep. Paul Ryan said in an interview on Monday that he favors limiting the home mortgage tax deduction to "middle income people" but opposes curbing deductions for contributions to charity.

  • U.S. credit card late payments down in 2Q

    LOS ANGELES (AP) — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter...

  • S.C.-based Sonoco packaging acquires German firm

    HARTSVILLE, S.C. (AP) — Hartsville-based packaging company Sonoco is buying the German firm Weidenhammer Packaging Group for $383 million. Sonoco president M. Jack Sanders said Monday the move makes the company a global leader in the composite can market and expands its technological...

  • U.S. stocks open higher; S&P 500 at 2,000 points

    NEW YORK (AP) — Stocks are opening higher as investors welcomed the latest corporate deal news, sending the Standard & Poor's 500 index back above 2,000. The Dow Jones industrial average rose 33 points, or 0.2 percent, to 17,110 as of 9:37 a.m. Tuesday. The S&P 500 rose two points, or 0.1...

  • Rhode Island benefits from improving U.S. economy

    The improving national economy is finally spurring job growth and pushing the unemployment rate down in Rhode Island, according to the state's top labor official.

  • Burger King makes move to Canada official

    Talk of the move has drawn criticism from Democratic lawmakers who are concerned about U.S. companies using mergers with companies in lower-tax jurisdictions to lower their U.S. tax payments.

  • Even if attacked, airline could be liable in crash

    Families of passengers who were on the Malaysia Airlines plane shot down over Ukraine are starting to sort through the long process of gaining compensation for their loss. Officials in the Netherlands, where the majority of Flight 17 victims lived, say that Malaysia Airlines has been making...

  • Will losing Burger King make Americans care about corporate taxes?

    If any company could make Americans care about international corporate taxation, it might be Burger King.

  • Asia stocks lackluster, US economic data awaited

    BEIJING (AP) — Asian stock markets were lackluster Tuesday as investors continued to digest monetary policy signals from the Jackson Hole meeting of central bankers and looked ahead to data expected to show an improving U.S. economy. KEEPING SCORE: Tokyo's Nikkei 225 was off 0.4 percent at...

  • Urbanist lobby's goals will mean fewer families with children, more seniors needing government help

    If high-density development dominates the country's future, expect far fewer Americans -- and far more rapid aging of the population.

  • Hard to swallow? Burger King may move to Canada

    NEW YORK (AP) — Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world's...

  • S&P 500 touches 2,000 as corporate deals continue

    NEW YORK (AP) — The stock market hit another milestone as the Standard & Poor's 500 index briefly traded above 2,000 points for the first time. The S&P 500 first closed above 1,000 points in February 1998. On Monday the market rose as investors were encouraged by the latest round of corporate...



From the Weekly Standard