More Economy Articles

  • Jet downing, weak earnings rattle stock market

    Stocks are closing sharply lower as traders worried about an escalation of tensions between Russia and the West following the downing of a passenger plane in eastern Ukraine. Traders were also unsettled by poor corporate earnings and a weak indicator for the housing market. The Dow Jones...

  • Reliability of economic data undermined by digital revolution

    The economic data that drives so much political debate is becoming increasingly less reliable in the digital era. That's because new technology makes it hard to compare the 21st-century economy to anything that came before it.

  • Jet downing, weak earnings, rattled stock market

    The stock market veered lower Thursday afternoon, weighed down by news that a passenger jet was shot down over Ukraine and by disappointing U.S. corporate earnings and housing data. KEEPING SCORE: The Dow Jones industrial average slid 135 points, or 0.8 percent, to 17,002 as of 3:35 p.m....

  • Largest US insurer's move signals industry shift

    The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities. UnitedHealth Group said Thursday that it will participate in as many as 24 of the...

  • Democrats talk like populists, govern like corporatists

    Liberal columnist EJ Dionne has noticed what he politely calls "tensions" between two Democratic themes this year: Populism and business boosterism.

  • Morgan Stanley quarterly profit more than doubles

    NEW YORK (AP) — Morgan Stanley said Thursday that its quarterly profit more than doubled, thanks to strong performances from its investment banking and money-management units. Second-quarter net income jumped to $1.88 billion from $900 million a year earlier, after excluding an accounting...

  • Markets roiled by fresh US sanctions on Russia

    LONDON (AP) — Another round of U.S. sanctions on Russia weighed on markets Thursday. News that a Malaysia Airlines passenger plane carrying 295 had been shot down over Ukraine added to the negative tone. Russia's MICEX index underperformed the world market, closing down 3.8 percent, a day...

  • Stocks edge lower in midday trading; Mattel sinks

    Stocks are moving slightly lower at midday following mixed news about the economy and the latest batch of corporate earnings. The Standard & Poor's 500 index fell 10 points, or 0.5 percent, to 1,971 as of midday Thursday. The Dow Jones industrial average fell 56 points, or 0.3 percent, to...

  • 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...



From the Weekly Standard