More Economy Articles

  • US stocks open higher following earnings news

    NEW YORK (AP) — The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news. The Dow Jones industrial average gained 22 points, or 0.1 percent, to 16,674 in the first few minutes of trading Thursday. The Standard & Poor's 500 index rose three...

  • US jobless aid applications rise to 311,000

    WASHINGTON (AP) — More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels. Weekly applications for unemployment aid climbed 21,000 to a seasonally adjusted 311,000, the Labor Department said Thursday. The prior week's...

  • S. Korea cuts key rate for 1st time in 15 months

    SEOUL, South Korea (AP) — South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers. The Bank of Korea lowered its policy rate by a quarter...

  • Australian stocks lead Asia on healthy earnings

    HONG KONG (AP) — Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy earnings reports. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.7 percent to 15,317.46 while South Korea's Kospi was practically unchanged at 2,061.89....

  • Obama's slow-motion recovery creates a retrograde economy: Examiner Editorial

    If Obama wants the job market to recover faster, he should stop hanging dead weights on its belt.

  • US stocks close higher; Amazon gains, Macy's drops

    NEW YORK (AP) — Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy. Amazon rose 2.2 percent Wednesday after the online retailing giant introduced a credit-card processing device designed to help...

  • A showdown is coming over Social Security, but it's not about retirement

    The trust fund for the disability program will run out in late 2016, Social Security's Board of Trustees warned in late July. Without congressional action, disabled workers would immediately face a 25 percent cut in their benefits.

  • Michigan jobless rate up 0.2 points to 7.7 percent

    LANSING, Mich. (AP) — The state says Michigan's seasonally adjusted unemployment rate rose 0.2 percentage points to 7.7 percent in the latest month. The Michigan Department of Technology, Management & Budget released the July employment report Wednesday. It says the jobless rate was 7.5 percent...

  • Deere takes a hit as farm economy weakens

    MOLINE, Ill. (AP) — Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production. Chairman and CEO Samuel Allen said Wednesday that the cuts will bring production "in line with demand for our...

  • US indexes move higher; Amazon gains, Macy's drops

    NEW YORK (AP) — Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year. Amazon led the way up in light trading, despite a mixed batch of economic news and a contraction in Japan's economy. Amazon rose 3 percent after the online...

  • Macy's 2Q profit falls short; sales outlook cut

    NEW YORK (AP) — Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year. But the department store chain cut its full-year outlook for a key sales measure, saying it couldn't make up the sales shortfall...

  • Despite the alarm bells, U.S. not getting hammered financially by companies leaving

    Companies leaving the U.S. for low-tax countries might not cost America as much as you thought.

  • US businesses boosted stockpiles 0.4 pct. in June

    WASHINGTON (AP) — U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months. Business stockpiles increased 0.4 percent in June on a seasonally adjusted basis after a 0.5 percent gain in May, the...

  • Greek economy contracts at slowest rate since 2008

    ATHENS, Greece (AP) — Greece's economy is shrinking at its slowest rate in nearly six years, official figures showed Wednesday, reinforcing hopes that the end of the country's punishing recession is in sight. The Statistical Authority said Greece's economy was only 0.2 percent smaller in the...

  • US indexes open higher; Amazon gains, Macy's drops

    NEW YORK (AP) — U.S. stocks are opening modestly higher as global markets overcame a contraction in Japan's economy. Amazon rose 3 percent after the online retailing giant introduced a credit-card processing device designed to help small businesses accept payments through smartphones and...



From the Weekly Standard

  • No Law, No Order

    Ferguson, Mo.

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  • No Reply from America?

    On Tuesday, August 19, an American citizen, James Foley, was savagely killed. The group of jihadists known as ISIL had previously killed and brutalized tens of thousands of non-Americans. But they...

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  • Bartleby, the President

    President Obama insists Republican opposition to his policies has forced him to boycott Congress and resort to governing by executive order. This is only partially true. Yes, Republicans strongly...

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