More Economy Articles

  • Congressional Budget Office: Obama budget wouldn't put debt on downward path

    President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...

  • Stocks drift after Google, IBM earnings disappoint

    Major U.S. stock indexes drifted between gains and losses in morning trading Thursday amid a crop of disappointing corporate earnings. Google, IBM and insurers UnitedHealth and WellPoint were among the big market decliners. KEEPING SCORE: The Standard & Poor's 500 index was little changed at...

  • GE 1Q earnings fall, outlook strong

    NEW YORK (AP) — General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal. But the company said its industrial divisions performed well and the economic environment was "positive." GE said Thursday that it earned $3...

  • Goldman Sachs earnings fall 11 percent

    NEW YORK (AP) — Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped. The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion. The earnings were equivalent to $4.02 a share....

  • Applications for U.S. jobless aid edge up to 304,000

    The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.

  • World stocks subdued, Nikkei flat on profit taking

    HONG KONG (AP) — World stocks were subdued Thursday ahead of a long weekend for many markets, with Japan's Nikkei faltering as investors locked in profits after a strong rally. Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank...

  • Asia stocks fail to match Wall Street gains

    HONG KONG (AP) — Asian stock markets were mostly lower Thursday, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally. Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left...

  • 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."

  • 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...



From the Weekly Standard

  • Monotony Motors

    Anyone who’s ever misplaced the family car in a parking lot at the mall must surely sense that we are not living in a golden era of automobile design. Gazing in panic out across that vast tar...

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  • ‘Core’ Al Qaeda Gathering in Yemen

    A video of a large al Qaeda gathering in Yemen has raised eyebrows in the press. Nasir al Wuhayshi, the head of al Qaeda in the Arabian Peninsula (AQAP), as well as general manager of al...

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  • Can They Come Back?

    It’s hard to believe, but the rebirth of the Republican party in Virginia may be happening in the unlikeliest of places: the liberal bastion of Northern Virginia.

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