More Economy Articles

  • Obama to GOP: 'Stop just hating all the time'

    KANSAS CITY, Mo. (AP) — Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long summer break trying to sue him rather than addressing economic issues that could boost the middle class....

  • Federal Reserve cuts another $10 billion, but promises more stimulus

    The Federal Reserve continued cutting its monthly bond purchases Wednesday, bringing the monetary stimulus program within months of its end.

  • VIDEO: President Obama says economic decisions are paying off

    President Obama said Wednesday in Kansas City that the economic decisions his administration have made over the years are starting to pay off. 

  • An early rally fades on the US stock market

    NEW YORK (AP) — U.S. stocks are turning mostly lower in midday trading, erasing an early gain. Genworth Financial sank 12 percent and Goodyear Tire & Rubber fell 7 percent after turning in results that disappointed investors. The Standard & Poor's 500 index fell five points, or 0.3 percent, to...

  • The months around the government shutdown posted the best economic growth of the recovery

    Last year's government shutdown coincided with the strongest economic growth of the economic recovery, data released by the Bureau of Economic Analysis Wednesday show.

  • Small businesses see revenue gains, hire workers

    NEW YORK (AP) — The long-awaited surge in hiring at small businesses appears to be underway. Owners who resisted hiring after the recession are taking on workers to keep up with rising demand for products and services. Companies began stepping up their hiring pace in the spring. Faulkner...

  • Top Senate Republican calls for repealing union-backed wage law

    Sen. Lamar Alexander, R-Tenn., called for repealing the federal government's Davis-Bacon Act, which sets wages for federal contracting work.

  • WellPoint 2Q tops Wall Street expectations

    NEW YORK (AP) — WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed. It still beat Wall Street expectations, and the nation's second-biggest health insurer raised its profit expectations for the year. Its shares fell in morning...

  • Economic growth accelerated in the second quarter of 2014

    U.S. economic growth accelerated in the second quarter, the Bureau of Economic Analysis reported Wednesday morning. Real GDP grew at a 4 percent annual rate, beating analysts' expectations and marking a sharp swing back toward economic expansion after the first quarter's contraction.

  • Strong earnings news, US growth lift stocks

    NEW YORK (AP) — U.S. stocks are opening higher after several companies reported better earnings than investors were expecting. Traders were also encouraged by the U.S. government's initial estimate that the economy surged ahead at a 4 percent annual rate in the April-June quarter. Twitter,...

  • Health care spending growth nearly flat in second quarter, BEA says

    Health care spending was nearly flat in the second quarter, growing at a mere 0.7 percent rate, according to data released on Wednesday from the Bureau of Labor Statistics.

  • Survey: US companies add 218,000 jobs in July

    WASHINGTON (AP) — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the fourth straight month of job gains...

  • As Fed meets, key issues likely to stay unanswered

    WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed start reducing...

  • US economy likely showed big rebound last quarter

    WASHINGTON (AP) — After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year. The government on Wednesday will provide its first estimate of how...

  • Toyota remains at top in sales after first half

    TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Japan's Toyota Motor Corp. announced Wednesday that January-June...



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