More Economy Articles

  • Goldman in deal worth $1.2B over US bond claims

    WASHINGTON (AP) — Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, which...

  • WEX BackStory: Janet Yellen's trillion-dollar question

    Federal Reserve Chairwoman Janet Yellen's speech Friday at an annual summit of central bank leaders paints a picture of what to expect in the coming months.

  • Stocks are mostly lower as Ukraine tensions flare

    NEW YORK (AP) — The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months. A flare-up in tensions between...

  • Jackson Hole demonstrators rally against rate hike

    JACKSON HOLE, Wyoming (AP) — Shadowing central bankers and economists at the annual Federal Reserve conference here, a group of about 10 demonstrators pressed Fed Chair Janet Yellen not to yield to pressure to raise interest rates. Carrying placards and green T-shirts embossed with the slogan...

  • Stocks end mostly lower as Ukraine tensions flare

    NEW YORK (AP) — More tensions in Ukraine left the stock market slightly lower in quiet trading. Investors were also poring over a speech by Federal Reserve Chair Janet Yellen, which gave few clues about the central bank's next moves on interest rates. Trading was unusually quiet with many...

  • Teacher fired for pregnancy sues Catholic school

    BUTTE, Mont. (AP) — A former teacher at a Montana Catholic school who was fired for being pregnant and unmarried is suing the school district. Shaela Evenson filed the lawsuit in U.S. District Court in Butte on Thursday, alleging her firing violated federal and state laws that prohibit...

  • McDonald's names new US president again

    NEW YORK (AP) — McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years. The world's biggest hamburger chain says it's bringing back a longtime McDonald's executive, Mike Andres, to fill the role...

  • Janet Yellen's calculation of when to end the Federal Reserve's stimulus is changing

    The Fed chairwoman, speaking Friday at a conference of top central bankers in Jackson Hole, Wyo., acknowledged that the Fed is nearing a tipping point in its calculation between tightening monetary policy at the risk of creating more unemployment and keeping money too loose for too long.

  • Ukraine jitters send US stocks slightly lower

    NEW YORK (AP) — Stocks are little edging lower in early trading amid concerns of an escalation in the Ukrainian crisis after a Russian aid convoy entered the country. Investors are also looking ahead to a meeting of central bankers for clues about when the U.S. Federal Reserve might start...

  • Top tax expert: Companies moving abroad to please shareholders

    Companies aren't fleeing the United States because of a lack of tax competitiveness, a top tax expert says. They're leaving to use the trillions of dollars in cash they hold abroad to boost their stock prices.

  • Yellen speech awaited for any hint on rate timing

    WASHINGTON (AP) — Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates. The subject of...

  • Asian stocks higher after S&P 500 record close

    HONG KONG (AP) — Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key meeting of U.S. central bankers that's expected to shed light on...

  • Manahattan Moment: If we don't learn from Ferguson, there will be more such tragedies

    The virtue of disruption, academics and observers argue, is that it gives African Americans a crisis with which to bargain. But after 50 years, what has this bargain achieved, except to cultivate a community that excels in resentment?

  • Bank of America settlement likely to benefit few

    WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners'...

  • US housing recovery appears to be back on track

    WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed...



From the Weekly Standard