More Economy Articles

  • 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...

  • 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...



From the Weekly Standard

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