More Economy Articles

  • 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...

  • Puerto Rico govt seeks to lure wealthy investors

    SAN JUAN, Puerto Rico (AP) — Puerto Rico is launching a two-day summit to lure wealthy investors to the U.S. territory as it struggles to emerge from a nearly eight-year recession. The summit began Thursday and features speakers including hedge fund billionaire John Paulson. His New...

  • 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...

  • War in GOP over same-sex marriage: 82% Republicans back man-woman definition

    The growing internal fight over gay marriage is threatening to split the Republican Party further, with conservatives warning that the GOP cannot win the White House if it shucks long-established social policy positions. In a sharp rebuttal to efforts by moderates to pressure state and...

  • UPS blames winter weather for drop in 1Q profit

    DALLAS (AP) — First-quarter revenue 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...

  • Last year's deadbeats do best as stocks stall

    NEW YORK (AP) — Financial markets rarely stick to the script, and this year is no different. Investments traditionally considered safe bets such as utilities, gold and government bonds were supposed to flop in 2014 as investors started to pour money into higher-risk, higher-growth stocks that...

  • Treasury Secretary to visit Detroit on jobs push

    DETROIT (AP) — U.S. Treasury Secretary Jacob Lew plans to visit Detroit to explore ways to promote job creation and economic growth. Lew on Thursday plans to convene a meeting with foundation leaders to discuss ways the nonprofit sector can help. The focus will be creating and investing in...

  • In Disney's shadow, homeless families struggle

    KISSIMMEE, Fla. (AP) — When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell short of what they needed to rent an apartment, so the...

  • Asian stocks mixed on Obama visit, US dip

    TOKYO (AP) — Asian shares lacked a clear direction in early Thursday trading as players took a mostly wait-and-see view ahead of talks between Japan's prime minister and visiting President Barack Obama. Adding to the mixed view was the fall on Wall Street overnight, despite a solid earnings...

  • Apple increases stock buyback, will split stock

    SAN FRANCISCO (AP) — Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace of innovation. The moves announced Wednesday as part...

  • Facebook 1Q results soar; CFO to step down

    NEW YORK (AP) — Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue. It was the fourth quarter in a row that Facebook beat forecasts as it continues to barrel ahead in...

  • Gold prices edge up for the first time in a week

    Gold prices settled higher for the first time in a week as tensions between Russia and Ukraine give the precious metal some support. Russia warned Wednesday that it would mount a firm response if its citizens or interests come under attack in Ukraine. Separately, Dutch, British and Danish...

  • How the Dow Jones industrial average did Wednesday

    Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies. A surprise drop in new home sales also weighed on the broader market. On Wednesday: The Dow Jones industrial average fell 12.72 points, or...



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...

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  • 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...

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  • 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...

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