More Economy Articles

  • Investors shed tech, biotech stocks

    NEW YORK (AP) — Wall Street's cool kids have been booted from the lunchroom. Technology and biotechnology companies, high-flying stocks over the last two years, have been beaten down the last three weeks. Many are now in bear territory, which is when a stock falls more than 20 percent from a...

  • Regulators act to require stronger bank capital

    WASHINGTON (AP) — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown. The eight biggest banks will have to meet stricter measures for holding capital — money that provides a cushion against...

  • House Democratic women take on White House economist who said wage gap isn't caused by discrimination

    House Democratic women on Tuesday contradicted a White House economist who said that the wage gap between men and women reflects different professional choices that women make, rather than workplace gender discrimination. "We're saying one thing: equal pay for equal work," House Minority...

  • Regulators finalize leverage ratio for big banks, would require $68 billion of extra capital today

    The amount of cash banks are required to hold in case of an emergency is increasing, thanks to a rule that U.S. regulatory agencies finalized Tuesday. The Federal Reserve and other agencies voted to increase the supplementary leverage ratio for the eight largest U.S. banks, requiring that they...

  • US stocks rise for the first time in four days

    NEW YORK (AP) — Maybe the sell-off was a little overdone. That was the sentiment on Wall Street Tuesday as the stock market broke a three-day losing streak. The gain pushed the Standard & Poor's 500 index back into positive territory for the year. The rebound was driven partly by...

  • Stocks rise, breaking a three-day losing streak

    Stocks are closing higher as the market stabilizes after a three-day slump. Technology stocks rose after taking a beating over the past week.

  • US bacon prices rise after virus kills baby pigs

    MILWAUKEE (AP) — A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it's threatening pork production and pushing up prices by 10 percent or more. Scientists think porcine epidemic diarrhea,...

  • GM to invest $449 million in 2 Detroit-area factories

    DETROIT (AP) — General Motors plans to invest $449 million in two Detroit-area factories to build the next-generation Chevrolet Volt hybrid electric car and two unspecified new vehicles. The company said the investment eventually will bring a second shift at the Detroit assembly plant that...

  • Obama rips GOP 'excuses' on equal pay for women

    President Obama on Tuesday signed two executive orders on equal pay for women, using the event to mock Republicans as out of touch on the issue of paycheck fairness. “You'll hear all sorts of excuses -- they're childbearing, they're choosing to do this ... she was doing the same job,”...

  • More grinding improvement in U.S. job creation in February

    Labor market churn picked up slightly in February, the Bureau of Labor Statistics reported Tuesday morning, but the pace of hiring and firing remains far below the levels that prevailed before the financial crisis that began six years ago. The number of job openings crossed the 4 million mark,...

  • US employers advertised more open jobs in February

    WASHINGTON (AP) — U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead. The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 percent from January. That's the highest number of postings since...

  • Two advocacy groups enter the battle over Fannie Mae and Freddie Mac

    The fate of the bailed-out mortgage businesses Fannie Mae and Freddie Mac likely won't be resolved for years, but at least two new advocacy groups are staking out positions in the looming battle over U.S. housing finance. One new 501c(4) organization, the Coalition for Mortgage Security,...

  • IMF: World economy is stronger but faces threats

    WASHINGTON (AP) — The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund warns. The lending organization expects the global economy to grow 3.6 percent this year and 3.9 percent in 2015,...

  • Oil up above $101 on renewed unrest in Ukraine

    The price of oil climbed above $101 a barrel Tuesday, supported by renewed unrest in eastern Ukraine and as traders awaited weekly data on U.S. crude stockpiles. By early afternoon in Europe, benchmark U.S. crude oil for May delivery was up 90 cents to $101.34 a barrel in electronic trading on...

  • Stocks slump, extending decline from last week

    NEW YORK (AP) — For investors, a volatile stock market passed a worrisome milestone on Monday. The market logged its longest losing streak in two months, and extended a sell-off that began last week. After biotechnology and internet stocks pulled the market lower on Friday, it was companies...



From the Weekly Standard