More Economy Articles

  • Zillow buying Trulia to build real estate titan

    NEW YORK (AP) — Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market. Zillow will also...

  • Dollar Tree steps up fight, buys Family Dollar

    NEW YORK (AP) — The fight for penny pinchers is intensifying. Dollar Tree said Monday it is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has been stepping up its courtship of lower-income customers The deal...

  • Contracts to buy US homes slip in June

    WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index slipped 1.1 percent to 102.7 last month. The index...

  • US stocks open mixed on Wall Street

    NEW YORK (AP) — The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies. The Dow Jones industrial average rose six points to 16,964 shortly after the market opened Monday. The Standard & Poor's 500 index...

  • Here's what the Fed could have bought with QE3

    For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.

  • Survey: US gas prices fall 9 cents to $3.58

    CAMARILLO, Calif. (AP) — A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58. That's the largest drop this year. Industry analyst Trilby Lundberg said Sunday the decrease came despite a rise in crude-oil...

  • Berkshire Hathaway to report earnings on Friday

    OMAHA, Neb. (AP) — Berkshire Hathaway Inc. will release its second-quarter earnings report Friday afternoon. The Omaha, Nebraska-based conglomerate is led by billionaire Warren Buffett, so many investors will read the report to learn more about deals and investments Buffett made. Much of the...

  • Ohio adds 244K jobs under John Kasich; recovery slow

    COLUMBUS, Ohio (AP) — Ask politician, pundit and voter alike and they will tell you the same thing: The November election is about jobs. Job growth is both a key economic indicator and an easy issue for politicians to talk about when campaigning. Yet when the claims of Republican Gov. John...

  • Worries about US consumers drag stocks lower

    NEW YORK (AP) — Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of...

  • Oil rises just above $102 a barrel

    The price of oil traded around $102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased. Oil prices had slipped Thursday after spiking earlier in the week on lower U.S. inventories and tensions in Ukraine and the Middle East. Benchmark U.S. crude for...

  • Global tensions don't dent enthusiasm for stocks

    A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience this year — which has pushed it to a series...

  • Disappointing results at Visa, Amazon hurt stocks

    NEW YORK (AP) — The stock market is ending lower after Visa and Amazon posted disappointing results. The Dow Jones industrial average dropped 123 points, 0.7 percent, to close at 16,960 Friday. The Standard & Poor's 500 index fell nine points, or 0.5 percent, to end at 1,978. The tech-heavy...

  • The evidence that the long-term unemployed are finding jobs, not just giving up the job hunt

    There's new evidence that the huge number of Americans counted as long-term unemployed has been dropping in recent months because those people have been finding jobs, not because they've given up looking.

  • World stocks fall on US earnings, Russia sanctions

    LONDON (AP) — Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses. Shares in Amazon slid 11 percent after the company posted a loss that was much larger than expected because...

  • Disappointing results at Visa, Amazon dent stocks

    NEW YORK (AP) — The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected. The Dow Jones industrial average lost 127 points, 0.8 percent, to 16,956. The Standard & Poor's 500 index fell eight points, or 0.4 percent, to 1,979. The...



From the Weekly Standard