More Economy Articles

  • Average US mortgage rates dip slightly

    WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. The average for the...

  • Where's that inflation I was promised?

    There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.

  • Oil surges to near $103 as US stockpiles fall

    The price of oil surged to near $103 a barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies. By early afternoon in Europe, benchmark U.S. crude for August delivery was up $1.64 at $102.84 a barrel in electronic trading on the New York...

  • Stocks edge lower in early trading; Mattel sinks

    Stocks are opening slightly lower following mixed news about the economy and the latest batch of corporate earnings. The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,978 in the first few minutes of trading Thursday. The Dow Jones industrial average fell fifteen points,...

  • US home construction drops 9.3 percent in June

    WASHINGTON (AP) — U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year. Construction fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000 homes, the...

  • Janet Yellen stumbled over these two bailout questions

    She avoided making any big monetary policy news in two appearances on Capitol Hill this week, but Janet Yellen couldn't escape a few confrontations that raise doubts about the details of the Federal Reserve's plans to avoid bailouts in future financial crises.

  • Latest Fed survey sees improved economy

    WASHINGTON (AP) — The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates. All 12 of the Fed's regions reported growth with five — New York, Chicago, Minneapolis, Dallas...

  • US stocks close higher; Time Warner soars

    NEW YORK (AP) — Stocks are closing higher following strong earnings results and deal news from big U.S. companies. The gains pushed the Dow Jones industrial average to its second record high close this month. The Dow rose 77 points, or 0.5 percent, to 17,138 Wednesday, beating the record...

  • US stocks move higher; Time Warner soars

    NEW YORK (AP) — Stocks are moving higher following strong earnings results from big U.S. companies. Time Warner soared 16 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant. Intel jumped 7 percent after reporting a surge in earnings as companies...

  • US homebuilder confidence surges in July

    U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming...

  • US factory output rises for 5th straight month

    WASHINGTON (AP) — U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter. Factory production...

  • Study: US millennials buying homes later

    WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real...

  • Euro healing, but still distant No. 2 to US dollar

    FRANKFURT, Germany (AP) — International investors are regaining their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up. But the euro, which is shared by 18 countries, fell further behind the U.S. dollar last year in another key measure of...

  • Higher gasoline costs raise US producer prices

    WASHINGTON (AP) — Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures the cost of goods and services before they reach the...

  • BRICS nations agree to create own development bank

    FORTALEZA, Brazil (AP) — The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have its headquarters in China. The first president of the New Development Bank will be from India...



From the Weekly Standard