More Economy Articles

  • US stocks move higher; Time Warner soars

    NEW YORK (AP) — Stocks are moving higher following strong earnings results from big U.S. companies. Time Warner soared 16 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant. Intel jumped 7 percent after reporting a surge in earnings as companies...

  • US homebuilder confidence surges in July

    U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming...

  • US factory output rises for 5th straight month

    WASHINGTON (AP) — U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter. Factory production...

  • Study: US millennials buying homes later

    WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real...

  • Euro healing, but still distant No. 2 to US dollar

    FRANKFURT, Germany (AP) — International investors are regaining their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up. But the euro, which is shared by 18 countries, fell further behind the U.S. dollar last year in another key measure of...

  • Higher gasoline costs raise US producer prices

    WASHINGTON (AP) — Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures the cost of goods and services before they reach the...

  • BRICS nations agree to create own development bank

    FORTALEZA, Brazil (AP) — The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have its headquarters in China. The first president of the New Development Bank will be from India...

  • Oil falls below $100 for first time since May

    The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports. Benchmark U.S. crude for August delivery fell 95 cents to close at $99.96 a barrel on the...

  • US stocks mostly down as investors digest earnings

    The Federal Reserve's latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day. Fed Chair Janet Yellen, speaking before Congress, said the U.S. economy has yet to recover fully, but raised the possibility...

  • Labor market still needs Fed support, chair says

    WASHINGTON (AP) — Despite recent sizable job gains, Federal Reserve Chair Janet Yellen is signaling that her agency is in no rush to withdraw the massive support it is providing the U.S. economy. Extra caution is warranted, she said Tuesday, given a number of "false dawns" in this recovery...

  • US stocks slip as investors digest earnings

    Stocks are closing mostly lower as investors considered a new set of corporate earnings and the Federal Reserve's latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than...

  • Tobacco firm Reynolds American to buy Lorillard

    RICHMOND, Va. (AP) — Joe Camel is bulking up to take on the Marlboro Man. Camel cigarette maker Reynolds American Inc.'s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria. It also creates a powerhouse in...

  • Elizabeth Warren grills Fed Chairwoman Janet Yellen on crucial too-big-to-fail question

    Sen. Elizabeth Warren grilled Federal Reserve Chairwoman Janet Yellen on an important provision of the law intended to prevent banks from becoming too big to fail.

  • UK pound near 6-year high after inflation spike

    LONDON (AP) — The British pound spiked near a six-year high against the dollar Tuesday after a surprisingly big increase in U.K. inflation fueled expectations that the Bank of England may start raising interest rates soon, possibly by the end of the year. Figures Tuesday from the Office for...

  • US businesses rebuild stockpiles at steady pace

    WASHINGTON (AP) — U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead. Business stockpiles rose 0.5 percent in May, the Commerce Department said Tuesday. That was down slightly from a 0.6 percent...



From the Weekly Standard