More Economy Articles

  • Ow, Canada: US retailers get the cold shoulder

    For years, Canadians would cross the border to the U.S. to shop at Target. Exporting its cheap chic there seemed like a no-brainer. But a year after opening more than 100 stores north of the border, Target has found business isn't so easy. Shelves are hard to keep stocked. Shoppers complain...

  • S&P 500 posts longest losing streak since January

    NEW YORK (AP) — U.S. stocks are sagging at the close, pushing the broader market to its longest losing streak since January. Declines were led by financial firms and consumer discretionary companies, which provide goods and services that are not must-haves for shoppers. High-growth technology...

  • US consumer borrowing up $16.5 billion in February

    WASHINGTON (AP) — Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use. Consumer borrowing climbed $16.5 billion in February, up from a $13.5 billion gain in January,...

  • Jay Carney: No pay gap between men and women at White House

    The White House Monday hit back at suggestions that female employees at 1600 Pennsylvania Avenue earn less than their male counterparts, as President Obama readies two executive orders intended to close the wage gap between men and women.

  • Tech stock sell-off spreads through world markets

    LONDON (AP) — Mounting concerns over technology stocks weighed hard on stock markets around the world on Monday. The latest bout of nerves started last Friday when mainstays of the Internet economy such as Google and Netflix that have surged over the past year were hammered as investors had a...

  • Airlines say cost to factor in tracking standards

    ABU DHABI, United Arab Emirates (AP) — The director of the International Air Transport Association said Monday he wants to see a globally agreed upon tracking standard in place by the end of this year, which also takes into consideration the cost on airlines, in order to avoid another...

  • White House week ahead: Obama talks economy, heads to Lone Star State

    President Obama this week will devote much of his attention to the economy, holding multiple events on jobs before traveling to Texas to raise money for Democrats and attend a memorial service at Fort Hood. The White House spent most of last week trumpeting the more than 7 million Americans...

  • The week ahead in economics: finance, regulation and hiring

    Finance and financial regulation will be main features this week in Washington. On Tuesday, officials at some of the biggest regulatory agencies, including the Federal Reserve and the Consumer Financial Protection Bureau, will testify before the House Financial Services Committee. The hearing,...

  • 5 signs US job market may finally be accelerating

    WASHINGTON (AP) — Few people responded to the March jobs report with high-fives and cheers. But there may be reasons to applaud in the months ahead. Hiring in March was close to the economic recovery's steady but hardly explosive monthly average of the past two years: 192,000 added jobs. The...

  • A recovering US is outpacing other major economies

    WASHINGTON (AP) — As a brutal winter yields to spring, the U.S. economy is showing renewed strength just as other major economies appear desperate for help. Europe is clinging to a fragile recovery. Japan just imposed a tax hike that threatens its shaky economic comeback. And China's troubles...

  • Obama: Republican budget would shrink opportunity

    President Obama says the Republican budget proposal would shrink opportunity and make it tougher for hard-working Americans to get ahead.

  • Stock market sinks as tech sector slumps

    NEW YORK (AP) — Technology stocks fell sharply in afternoon trading Friday, bringing the broader market lower. Mixed signals in the government's monthly jobs report left investors with little reason to cheer. The government reported that U.S. employers added more workers to their payrolls...

  • Good news regarding long-term unemployment in March

    There was no evidence in the March employment data released by the Bureau of Labor Statistics of a major bounceback for a jobs market slowed by harsh weather earlier this year, but there were some good signs in the Friday report for the group struggling the most, the long-term unemployed. The...

  • Eric Holder: Justice investigating high-speed trading

    The Department of Justice is investigating high-frequency stock trading to see if any of the practices violate insider trading laws, U.S. Attorney General Eric Holder said Friday. Brokerage firms use high-frequency trading to get a jump on their competitors. Powerful computers analyze market...

  • Markets unmoved by broadly in-line US jobs data

    LONDON (AP) — European stocks closed the week on a high Friday after investors concluded that U.S. jobs data wouldn't prompt a change in the Federal Reserve's policy stance. U.S. stocks, however, gave up some early gains to trade modestly lower. The U.S. Labor Department found that the...



From the Weekly Standard