More Economy Articles

  • US stocks close higher for third day in a row

    Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. Major U.S. stock indexes notched their third day of gains in a row. Yahoo and Delta Air Lines were among the companies posting big...

  • Obama, Joe Biden announce $600 million for jobs training initiatives

    President Obama on Wednesday announced initiatives he said would better train American workers to fill high-skilled jobs, his latest effort to push his economic agenda without Congress.

  • Fed survey: Growth picks up across most of US

    WASHINGTON (AP) — A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released...

  • Janet Yellen: Full employment, stable inflation 'plausible' by the end of 2016

    In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...

  • Bank of America posts loss, hurt by legal charges

    CHARLOTTE, N.C. (AP) — Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges. A LOSS: The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million, compared with a profit of $1.11 billion a year earlier....

  • Study finds lowering corporate income tax would boost workers' wages

    A study released Tuesday by the Tax Analysis Center found that significantly reducing the corporate tax rate would also boost wages for workers and the economy overall. This could be done on a revenue-neutral basis by reducing the U.S. rate from its current 35 percent to just nine and...

  • Class warfare works because the wealthy really are stealing your money

    In this interview with the Wall Street Journal, Charles Murray (an AEI colleague of mine) speaks of "the sense that a lot of Americans have that the game is rigged now," and says, "the problem is, a lot of that is true."

  • World stocks up on hopes Chinese slowdown is mild

    LONDON (AP) — World stock markets rose Wednesday after Chinese economic figures showed the slowdown in the first quarter was less severe than expected. Investors took heart from the fact that the world's second-largest economy expanded 7.4 percent from a year earlier. While the growth was the...

  • Yahoo, China news send US stocks higher at midday

    Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. Yahoo rose 6 percent after the Internet pioneer said it was benefiting from its lucrative investments in Asia. The Standard & Poor's 500 index rose...

  • Court rejects bankruptcy protection for Mt. Gox

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would...

  • Optim creditor says Bill Gates is owner, not lender: Bankruptcy roundup

    Cascade Investment LLC, which invests for the Bill & Melinda Gates Foundation, should be treated as the owner, not a secured lender, of bankrupt Optim Energy LLC, according to the energy company’s largest unsecured creditor.

  • US factory output extended solid gains in March

    WASHINGTON (AP) — U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The Federal Reserve said Wednesday that...

  • US home building up in March after frigid winter

    WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in...

  • France's Thomas Piketty could be the Left's version of anti-debt Carmen Reinhart-Kenneth Rogoff

    Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.

  • Oil nears $105 as conflict in east Ukraine deepens

    The price of oil approached $105 a barrel Wednesday as concerns grew over the crisis in Ukraine, which took military action against separatists in its east. Gains were temporarily tempered by slower Chinese growth. By early afternoon in Europe, benchmark U.S. crude for May delivery was up $1.04...



From the Weekly Standard