More Economy Articles

  • Veronique de Rugy: Big business cronies rally to protect Export-Import Bank

    The Export-Import Bank of the United States -- informally known as the “Ex-Im Bank,” but irreverently referred to as “Boeing's Bank” behind closed doors -- is hosting a ritzy conference for power players in Washington this week. It's another exercise in willful deception. Bank...

  • George Allen: Reauthorizing the Export-Import Bank is a no-brainer

    Today, exports are more important than ever to American businesses, manufacturers, and the overall strength of our nation's economy. With 95 percent of the world's consumers living outside the United States, many companies can be more successful if they are able to expand and thrive in the...

  • UPS blames winter weather for drop in 1Q profit

    DALLAS (AP) — First-quarter net income at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue. The Atlanta company said Thursday that the rough start to the year means that full-year earnings will come in at the low end of its earlier...

  • Puerto Rico govt seeks to lure wealthy investors

    SAN JUAN, Puerto Rico (AP) — Puerto Rico hopes to persuade wealthy investors to bet on the U.S. territory at a two-day conference aimed at attracting new money amid the island's struggles to recover from a nearly eight-year recession. Among the featured speakers Thursday were hedge fund...

  • Stocks close mostly higher on earnings; Apple up

    NEW YORK (AP) — The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The markets gains were modest, however, as investors turned their eyes back to Russia and Ukraine,...

  • How the Dow Jones industrial average did Thursday

    The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The gains were modest, however, as investors turned their eyes back to Russia and Ukraine, where geopolitical tensions...

  • Stocks edge higher on earnings gains; Apple up

    NEW YORK (AP) — Stocks are finishing slightly higher, led by the technology sector after Apple reported a big earnings gain. Apple also announced a stock split, a dividend increase and a larger share repurchase program. The stock gained 8 percent. Caterpillar also rose 2 percent after posting...

  • Manufacturers see better times for economy, jobs

    NEW YORK (AP) — Companies are finally starting to spend some of the cash they've been sitting on, and that could mean a stronger economy and more jobs are on the way. Industrial companies such as General Electric, Honeywell and Caterpillar have been posting strong financial results in recent...

  • Money market fund assets rose by $7.32 billion

    Total U.S. money market mutual fund assets rose by $7.32 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell by $5.60 billion to $907.28 billion, the Washington-based mutual fund...

  • Treasuries little changed after $29b 7-year note auction

    Treasuries were little changed after the U.S. sale of $29 billion in seven-year notes attracted higher-than-average demand. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.60, compared with an average of 2.55 for the previous 10...

  • Average US 30-year mortgage rate up to 4.33 pct

    WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week as the spring home-buying season has gotten off to a slow start. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan rose to 4.33 percent from 4.27 percent last week. The average for the...

  • US average rate on 30-year home loan 4.33 percent

    Average U.S. rates on fixed mortgages rose this week at the start of the spring home-buying season.

  • Applications for US unemployment aid jump to 329K

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter. The Labor Department said Thursday that the four-week average of applications, a...

  • Southwest Airlines posts a record 1Q profit

    DALLAS (AP) — Southwest Airlines Co. said Thursday that it made a record $152 million in the first quarter, more than doubling the $59 million it earned during the same time last year. The strong profit during a time of year that is traditionally the slowest for airlines is good news for the...

  • US durable goods orders up 2.6 percent in March

    WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months. Orders for durable goods increased 2.6 percent in...



From the Weekly Standard

  • Why the New York Times Poll Is Bogus

    The Arkansas Senate race has been close in virtually every serious poll. The Republican challenger, Tom Cotton, probably had a small lead a month or so ago; after a massive negative assault on him...

    Read More...
  • Hustle Is Overrated

    The Bryce Harper-Mike Trout showdown is underway and the outcome is, well, inconclusive. In round one Monday night, the Nationals leftfielder walked and went hitless in three at bats while the...

    Read More...
  • Kennedy’s Question

    We often think of the Constitution as a two-part document: first the original 1787 text, which primarily establishes the government’s structure; and then the amendments, which primarily set...

    Read More...