More Economy Articles

  • White House makes economics focus of Asia trip

    WASHINGTON (AP) — The White House is focusing President Barack Obama's upcoming Asia-Pacific trip on the economic benefits of closer ties to the region, but regional security concerns are likely to be pushed higher on the president's agenda because of the tense situation between Russia and...

  • Economist: 2018 minimum wage will be worth $9.25

    ANNAPOLIS, Md. (AP) — In a plan approved by the legislature, full-time minimum-wage workers in Maryland will ultimately make about $875 less annually than they would have under the governor's proposed timetable, an economic analyst said. Legislators voted last week to have Maryland's minimum...

  • Ralph Nader predicts survival of Fannie Mae and Freddie Mac

    Long-time consumer advocate and perennial presidential candidate Ralph Nader predicts that bailed-out mortgage businesses Fannie Mae and Freddie Mac will survive legislative attempts to disband them.

  • Unemployment rates fall in 21 US states last month

    WASHINGTON (AP) — More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and...

  • Venture investments highest since 2001

    NEW YORK (AP) — Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday. Startup investments totaled $9.47 billion in the first three...

  • Asian stocks mostly higher after mixed US earnings

    BEIJING (AP) — Asian stocks were mostly higher Friday despite mixed U.S. earnings reports with many of the region's exchanges closed for Good Friday. Oil trading also was suspended for the holiday. Tokyo's Nikkei 225 gained 0.6 percent to 14,504.47. China's benchmark Shanghai Composite Index...

  • Maryland gubernatorial candidates clash on economic policy

    TOWSON, Md. (AP) — All three Democratic candidates in the governor's race agree Maryland's economic policies need work, but they disagree sharply about how much. Lt. Gov. Anthony Brown praised the developments of the past seven years during a candidate forum Thursday evening at Towson...

  • Wal-Mart jumps into the money transfer biz, loudly

    NEW YORK (AP) — Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with...

  • IRS audits less than 1 percent of big partnerships

    WASHINGTON (AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen....

  • US stock market ends higher as earnings pour in

    Corporate earnings pushed U.S. stocks mostly higher on Thursday, but it wasn't an easy ride up. The stock market appeared set in the morning for its fourth consecutive positive open, but immediately turned negative as investors sold shares in Google and IBM. The market heavyweights reported...

  • How the Dow Jones industrial average fared

    Stocks closed mostly higher Thursday as upbeat earnings news from several large U.S. companies encouraged investors. General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter financial results. The major stock indexes spent much of the day hovering...

  • Goldman's income falls 11 percent, but still beats

    NEW YORK (AP) — Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well. EARNINGS AND REVENUE: The bank earned $1.95 billion in the quarter, down 11 percent from $2.19...

  • Congressional Budget Office: TARP on track to cost government $27 billion

    The enormous bailout of the U.S. financial system at the height of the financial crisis in fall 2008 is on track to cost the federal government $27 billion, the Congressional Budget Office estimated in a report issued Thursday afternoon.

  • Stock market mostly higher as earnings pour in

    Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors.

  • Oil tops $104 on Ukraine fears

    The price of oil rose past $104 per barrel Thursday on worries over the upheaval in Ukraine. Benchmark U.S. crude for May delivery rose 54 cents to close at $104.30 a barrel in New York. Supplies in the U.S. are ample — the Energy Department reported the biggest gain in stocks in 13 years...



From the Weekly Standard

  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

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  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

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  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

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