08/14/14 02:15 PM
Average U.S. rates on long-term fixed mortgages declined this week.
By Joseph Lawler | 08/14/14 11:04 AM
Americans are increasingly willing to take on credit card debt or to take out loans to buy cars or to go to college, but they're still shying away from the biggest category of consumer credit: home loans.
08/14/14 11:00 AM
WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan slipped to 4.12 percent from 4.14 percent last week. The average for a 15-year mortgage, a...
By Terence Jeffrey | 08/14/14 10:52 AM
On July 31, Congress and President Obama flew America past a dubious fiscal landmark toward what increasingly looks like a crash landing.
08/14/14 10:15 AM
WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan slipped to 4.12 percent from 4.14 percent last week. The average for a 15-year mortgage, a popular choice...
08/14/14 09:45 AM
NEW YORK (AP) — The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news. The Dow Jones industrial average gained 22 points, or 0.1 percent, to 16,674 in the first few minutes of trading Thursday. The Standard & Poor's 500 index rose three...
08/14/14 09:00 AM
WASHINGTON (AP) — More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels. Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's...
08/14/14 05:03 AM
SEOUL, South Korea (AP) — South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers. The Bank of Korea lowered its policy rate by a quarter...
08/14/14 01:45 AM
HONG KONG (AP) — Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy earnings reports. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.7 percent to 15,317.46 while South Korea's Kospi was practically unchanged at 2,061.89....
By Washington Examiner | 08/13/14 04:25 PM
If Obama wants the job market to recover faster, he should stop hanging dead weights on its belt.
08/13/14 04:15 PM
NEW YORK (AP) — Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy. Amazon rose 2.2 percent Wednesday after the online retailing giant introduced a credit-card processing device designed to help...
By Joseph Lawler | 08/13/14 03:33 PM
The trust fund for the disability program will run out in late 2016, Social Security's Board of Trustees warned in late July. Without congressional action, disabled workers would immediately face a 25 percent cut in their benefits.
08/13/14 03:00 PM
LANSING, Mich. (AP) — The state says Michigan's seasonally adjusted unemployment rate rose 0.2 percentage points to 7.7 percent in the latest month. The Michigan Department of Technology, Management & Budget released the July employment report Wednesday. It says the jobless rate was 7.5 percent...
08/13/14 02:15 PM
MOLINE, Ill. (AP) — Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production. Chairman and CEO Samuel Allen said Wednesday that the cuts will bring production "in line with demand for our...
08/13/14 12:15 PM
NEW YORK (AP) — Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year. Amazon led the way up in light trading, despite a mixed batch of economic news and a contraction in Japan's economy. Amazon rose 3 percent after the online...
By Luke Rosiak | 08/21/14
By David Freddoso | 08/20/14
By Becket Adams | 08/21/14
By Betsy Woodruff | 08/21/14
By Philip Klein | 08/21/14