More Economy Articles

  • Stocks open lower; on track for a weekly loss

    NEW YORK (AP) — U.S. stocks are opening lower and are headed for their biggest weekly loss since April. The Dow Jones industrial average fell 40 points, or 0.2 percent, to 16,873 in the first few minutes of trading Friday. The Standard & Poor's 500 index lost four points, or 0.2 percent, to...

  • Downside of low US mortgage rates? Less selling

    WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to...

  • World Cup defeat can hurt domestic stock market

    LONDON (AP) — Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat. With markets driven by sentiment as well as fundamental factors such as growth,...

  • The reason that thousands of Central American children are crossing the border

    Economists say the current wave of illegal immigration from Central America was predictable, to an extent, and for different reasons than the migrants might identify.

  • Asian stocks weak amid new Europe jitters

    MUMBAI, India (AP) — Asian stock markets were muted Friday, following the lead of Wall Street traders spooked by worries about the soundness of a bank in Portugal that raised the specter of more financial turmoil in Europe. Japan's Nikkei 225 slipped 0.3 percent to 15,176.27 and South Korea's...

  • In first public speech, new Federal Reserve vice chairman dismisses breaking up big banks

    Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis. 

  • European banking scare sends stocks lower

    NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets like gold and governments bonds. Fears emerged overnight about the financial stability of Espirito Santo International, a...

  • Portuguese bank fears rekindle euro market tension

    LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors. Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a...

  • US stocks end lower after bank scare in Europe

    NEW YORK (AP) — U.S. stocks are ending lower as fears about the health of a European bank weigh on the market. The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,915 Thursday. The Standard & Poor's 500 index slipped eight points, or 0.4 percent, to 1,964. The...

  • Oil rises for first time in 2 weeks, near $103

    The price of oil bounced back late Thursday and rose for the first time in two weeks. Benchmark U.S. crude for August delivery gained 64 cents to $102.93 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 54 cents to $109.01 on the ICE Futures...

  • House GOP bill turns to Bush economist to rein in Fed

    House Republicans are trying again to rein in the Federal Reserve, this time with a bill that would force the central bank to explain its monetary policy decisions to Congress.

  • Boeing raises forecast for new airplane demand

    CHICAGO (AP) — Boeing Co. raised its long-term forecast for new airplane demand by more than 4 percent, based on expected orders of smaller, more fuel-efficient planes and burgeoning travel in Asia. The Chicago company said Thursday that it expects deliveries of 36,770 new airplanes over the...

  • Average US 30-year mortgage rate rises to 4.15 pct

    WASHINGTON (AP) — Average U.S. rates on fixed mortgages edged up slightly this week, remaining near historically low levels. Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week. The average for the...

  • US wholesalers slow restocking as sales weaken

    WASHINGTON (AP) — U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales. Wholesale stockpiles grew 0.5 percent in May, the Commerce Department said Thursday, down from a 1 percent surge in April. Big gains in...

  • U.S. unemployment aid applications fall to near a seven-year low

    Weekly applications for unemployment aid dropped 11,000 to a seasonally adjusted 304,000, the Labor Department said Thursday. That's not far from a reading of 298,000 two months ago, which was the lowest since 2007, before the Great Recession began.



From the Weekly Standard