More Economy Articles

  • Markets steady after Portuguese bank scare

    LONDON (AP) — Global stocks steadied somewhat Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe. Markets worldwide had fallen Thursday because of jitters about the financial...

  • Wells Fargo profit edges up 3 percent in quarter

    NEW YORK (AP) — A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent. The country's largest mortgage lender said Friday that net income rose to $5.42 billion for the three months ending in June, up from $5.27 billion a year earlier. That's after...

  • Stocks move lower; on track for a weekly loss

    NEW YORK (AP) — U.S. stocks are moving mostly lower in midday trading as investors assess corporate earnings. The Dow Jones industrial average fell 28 points, or 0.2 percent, to 16,886 as of midday Eastern time Friday. The Standard & Poor's 500 index lost two points, or 0.1 percent, to...

  • Big Ideas: On Dodd-Frank, diversity and cigarettes

    Like Obamacare, the 2010 financial reform law has many unintended consequences, the latest of which could be soaring insurance rates.

  • Economists lower forecasts for US growth

    WASHINGTON (AP) — U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter. The average forecast for growth in the second quarter has fallen to 3 percent,...

  • Stocks open lower; on track for a weekly loss

    NEW YORK (AP) — U.S. stocks are opening lower and are headed for their biggest weekly loss since April. The Dow Jones industrial average fell 40 points, or 0.2 percent, to 16,873 in the first few minutes of trading Friday. The Standard & Poor's 500 index lost four points, or 0.2 percent, to...

  • Downside of low US mortgage rates? Less selling

    WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to...

  • World Cup defeat can hurt domestic stock market

    LONDON (AP) — Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat. With markets driven by sentiment as well as fundamental factors such as growth,...

  • The reason that thousands of Central American children are crossing the border

    Economists say the current wave of illegal immigration from Central America was predictable, to an extent, and for different reasons than the migrants might identify.

  • Asian stocks weak amid new Europe jitters

    MUMBAI, India (AP) — Asian stock markets were muted Friday, following the lead of Wall Street traders spooked by worries about the soundness of a bank in Portugal that raised the specter of more financial turmoil in Europe. Japan's Nikkei 225 slipped 0.3 percent to 15,176.27 and South Korea's...

  • In first public speech, new Federal Reserve vice chairman dismisses breaking up big banks

    Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis. 

  • European banking scare sends stocks lower

    NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets like gold and governments bonds. Fears emerged overnight about the financial stability of Espirito Santo International, a...

  • Portuguese bank fears rekindle euro market tension

    LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors. Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a...

  • US stocks end lower after bank scare in Europe

    NEW YORK (AP) — U.S. stocks are ending lower as fears about the health of a European bank weigh on the market. The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,915 Thursday. The Standard & Poor's 500 index slipped eight points, or 0.4 percent, to 1,964. The...

  • Oil rises for first time in 2 weeks, near $103

    The price of oil bounced back late Thursday and rose for the first time in two weeks. Benchmark U.S. crude for August delivery gained 64 cents to $102.93 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 54 cents to $109.01 on the ICE Futures...



From the Weekly Standard

  • David Perdue Wins GOP Senate Nom in Georgia

    Businessman and first-time candidate David Perdue pulled off what the Atlanta Journal-Constitution  calls a "political shocker" by winning the Republican primary runoff for the U.S. Senate in...

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  • Kingdom Come

    There are no copyrights on book titles. F. H. Buckley nevertheless shows remarkable audacity in borrowing The Once and Future King from T. H. White’s children’s classic, published in...

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  • A Glimpse of Our Health Care Future

    To what will Obamacare lead? If the administration’s health policies continue on their present trajectory, Obamacare will lead to some form of European-style single-payer national health system.

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