More Economy Articles

  • Visa posts higher 3Q profit, revenue

    FOSTER CITY, Calif. (AP) — Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. The payments processor's latest financial results beat or matched Wall Street...

  • Here's where President Obama assigns the blame for corporate 'inversions'

    President Obama placed the blame for the recent rush of U.S. companies to overseas tax jurisdictions squarely on congressional inaction Thursday, saying that "Congress is just not productive."

  • Amazon shares fall on 2Q loss

    SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its most...

  • Starbucks US sales rise with help of revamped food

    NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. The Seattle-based coffee chain posted a higher quarterly profit, as sales rose in regions around the world. In its flagship U.S. market, sales at...

  • Obama wants limits on US company mergers abroad

    LOS ANGELES (AP) — Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared. "It's...

  • Union Pacific 2Q profit chugs ahead 17 percent

    OMAHA, Neb. (AP) — Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. The Omaha, Nebraska-based company said it hauled more agricultural, automotive, intermodal, industrial and coal shipments....

  • Correction: Housing-Clinging to Low Rates story

    WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow's...

  • US stocks end little changed after mixed news

    NEW YORK (AP) — U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy. The Standard & Poor's 500 index rose less than one point, or 0.05 percent, to close at 1,897.98 Thursday, barely topping a record set the day before. The other two major...

  • Across US job market, layoffs are becoming rare

    WASHINGTON (AP) — The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers. Which is why applications for unemployment benefits have dwindled to their lowest level...

  • US stocks stall in late afternoon amid earnings

    NEW YORK (AP) — Stocks were unable to hold their earlier gains as trading wound down Thursday. Investors reacted to quarterly results from companies across several industries, including Facebook, Ford and Caterpillar. They also had two economic reports to interpret, one on the housing and the...

  • Texas governor's startup fund is not all it seems

    AUSTIN, Texas (AP) — Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state. But a closer look at the Texas Emerging Technology Fund,...

  • Here's what this week's housing numbers say about the recovery

    Those expecting the housing market to adjust to last year's steep increase in mortgage rates and resume recovering from the mortgage crisis will have to wait longer for clarity.

  • GM profit 2Q falls 85 pct. on recall costs

    DETROIT (AP) — Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. The nation's biggest automaker posted a net profit of $190...

  • Markets solid amid mixed US economic news

    LONDON (AP) — Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak homes data. Since Malaysia Airlines Flight 17 was downed...

  • Average US 30-year mortgage rate at 4.13 pct.

    WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the...



From the Weekly Standard

  • For GOP, a Good Crop of Senate Candidates

    Republicans have distinct advantages in Senate races this year, including President Obama’s low job ratings, the number of vulnerable Democrats, and an unhappy national mood. But there’s...

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  • How to Play a Weak Hand in Iraq

    Iraqi prime minister Nuri al-Maliki knows what he wants: a third term in office for himself and U.S. military help in defeating ISIS (now the Islamic State). Political reconciliation between...

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  • The Ethics of Food and Drink

    Should the law compel nursing homes to starve certain Alzheimer’s patients to death? This is not an alarmist fantasy, but a real question, soon to be forced by advocates of ever-wider...

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