More Economy Articles

  • Manahattan Moment: If we don't learn from Ferguson, there will be more such tragedies

    The virtue of disruption, academics and observers argue, is that it gives African Americans a crisis with which to bargain. But after 50 years, what has this bargain achieved, except to cultivate a community that excels in resentment?

  • Bank of America settlement likely to benefit few

    WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners'...

  • US housing recovery appears to be back on track

    WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed...

  • How the Dow Jones industrial average did Thursday

    The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results,...

  • S&P 500 closes at a record; Hewlett-Packard gains

    NEW YORK (AP) — Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high. Traders were encouraged by earnings gains and a decline last week in the number of people applying for unemployment benefits. The S&P 500 rose five points, or 0.3...

  • Gauge of US economy rises 0.9 percent in July

    WASHINGTON (AP) — A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference Board said Thursday that its index of leading indicators rose 0.9...

  • Average US 30-year mortgage rate at 4.10 pct

    WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent last week. The average for a 15-year...

  • Family Dollar rejects Dollar General offer

    Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree. Family Dollar Stores Inc. Chairman and CEO Howard...

  • VIDEO: Justice Department, Bank of America reach $17 billion settlement

    The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.

  • Stocks move higher; S&P 500 heading for a record

    NEW YORK (AP) — U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close. Traders were encouraged by the latest encouraging sign in the U.S. job market, a decline last week in the number of people applying for unemployment benefits. The...

  • Correction: Economic Growth-New England story

    HARTFORD, Conn. (AP) — In a story Aug. 20 about economic growth in New England states, The Associated Press reported erroneously the size of the economies. State economies cited in the millions of dollars are actually in the billions of dollars. A corrected version of the story is below: Data:...

  • Treasury looks to stop 'corporate deserters' on its own

    President Obama may not be able to stop "corporate deserters" from taking up legal residency in low-tax countries. But it appears that his Treasury Department will try to make the prospect of leaving the U.S. as unattractive as possible.

  • Bank of America settles for record $17 billion in mortgage inquiry

    The Department of Justice said that it would be the single largest settlement with a U.S. business in history. The agreement includes $9.65 billion in cash paid out to federal and state agencies, and nearly $7 billion in consumer relief to borrowers hurt by the mortgage crisis.

  • Applications for US unemployment aid fall to 298K

    WASHINGTON (AP) — Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week's figures were revised up...

  • 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...



From the Weekly Standard

  • GOP Establishment Senses Opportunity in New Jersey

    Do Washington Republicans smell blood in New Jersey? The National Republican Senatorial Committee, the GOP's Senate campaign apparatus, issued a press release Wednesday knocking New Jersey's...

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  • Nobody’s Fault

    All of a sudden, people have noticed that we are in trouble, and many are saying it isn’t the president’s fault. All the bad news, from Iraq to Ukraine, from Libya and Syria to the Mexican border,...

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  • A Privileged Press?

    After nearly four years of procedural delay, the trial of former CIA officer Jeffrey Sterling is set to open shortly. Sterling was indicted at the end of 2010 for leaking information about a...

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