More Economy Articles

  • S&P 500 has its worst week in 2 years

    NEW YORK (AP) — U.S. stocks declined for a second day Friday, adding to the massive sell-off the day before and giving the market its worst week in two years. Investors found little reason to move money into stocks, faced with the growing geopolitical concerns in Israel and Ukraine, as well as...

  • Rare summer relief for gasoline prices

    NEW YORK (AP) — The gasoline price roller coaster is running a strange course this summer. August began with the lowest average gasoline price for this time of year since 2010. Just a few weeks ago, drivers were paying the highest gasoline July Fourth gasoline price in six years. The average...

  • US stocks have their worst week in two years

    NEW YORK (AP) — The U.S. stock market is closing out its worst week in two years. Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks. Energy stocks fell after Chevron reported weaker oil and gas...

  • US auto sales sizzle in July, helped by discounts

    DETROIT (AP) — Big discounts helped U.S. auto sales sizzle in July. Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains. General Motors' sales were up 9 percent compared with last July, while Hyundai's rose 1.5 percent. Of major automakers, only Honda and Volkswagen saw declines....

  • US judge scolds Argentina over debt crisis remarks

    NEW YORK (AP) — A U.S. federal judge Friday urged Argentina to resume negotiations "as promptly as possible" to resolve its debt crisis and said the South American nation's officials must stop publicly uttering what he described as "half-truths" that mislead people about its legal obligations....

  • Another decline for US stock market

    NEW YORK (AP) — U.S. markets are moving lower, extending a major sell-off from the day before. Energy stocks fell the most after Chevron reported weaker oil and gas production. Exxon Mobil had reported disappointing production figures the day before. The Dow Jones industrial average lost 110...

  • US consumer sentiment edges down to 81.8 in July

    WASHINGTON (AP) — A measure of U.S. consumer confidence slipped in July although it remained at levels signaling further gains in consumer spending. The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The index of consumers'...

  • Job gains aren't translating to faster wage growth

    The U.S. economy may be steadily adding jobs, but so far in 2014, there are few signs that the labor market improvement is translating into income gains for workers.

  • Slow, steady progress: U.S. economy adds 209,000 jobs in July, unemployment ticks up to 6.2 percent

    The U.S. labor market may finally be gathering momentum. The Bureau of Labor Statistics reported Friday that the economy added 209,000 payroll jobs in July.

  • US manufacturing expands again in July

    WASHINGTON (AP) — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy. The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up...

  • Construction spending falls 1.8 percent in June

    WASHINGTON (AP) — U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened. Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after rising by a revised 0.8...

  • US stocks stabilize, helped by a pickup in hiring

    NEW YORK (AP) — U.S. stocks are stabilizing a day after a steep drop as investors were encouraged by the latest wave of hiring. Decent earnings reports from several major U.S. companies gave investors more reasons to pick up stocks. Procter & Gamble, Expedia and LinkedIn all rose after...

  • GM boosted June sales with discounts to dealers

    As General Motors tackles a safety crisis, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls. The Detroit automaker has recalled nearly 30 million cars and trucks this year, including some models that...

  • US consumer spending up 0.4 percent in June

    WASHINGTON (AP) — U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year. Consumer spending increased 0.4 percent in June on a seasonally adjusted basis following slower increases of 0.3 percent in May...

  • Global trade deal goes back to drawing board

    GENEVA (AP) — The World Trade Organization began regrouping Friday to see whether it is still possible to finalize a major deal to boost global trade after a deadline passed to formally adopt it. The preliminary deal approved by the organization at a WTO summit last December in Bali was...



From the Weekly Standard