Share

More Economy Articles

  • Higher capital requirements coming for big banks

    Requiring big banks to hold extra capital is required by the 2010 Dodd-Frank financial reform law and the Basel III international accords on banking regulations, both of which were drafted in the wake of the 2008 crisis to prevent bank failures that threaten to bring down the financial system and...

  • Twitter tests shopping service with 'Buy' button

    NEW YORK (AP) — Twitter is taking its users shopping. The short messaging service began testing a "Buy" button Monday that lets some of its users make purchases or donate money to charities without leaving Twitter. Initial partners include music stars Eminem and Brad Paisley, retailers Home...

  • Slump in energy stocks pulls US indexes lower

    NEW YORK (AP) — A slump in energy companies is pulling the U.S. stock market slightly lower. Exxon Mobil led the declines in the Dow Jones industrial average as the price of oil fell to the lowest level since January. The Dow fell 26 points, or 0.2 percent, to 17,111 Monday. The Standard &...

  • US consumer borrowing jumps by most in 3 years

    WASHINGTON (AP) — U.S. consumers stepped up their borrowing in July, led by rising auto loans and higher credit card balances. The Federal Reserve said Monday that overall consumer borrowing jumped $26 billion in July to $3.24 trillion. The 9.7 percent increase matches April's gain as the...

  • Stocks fall as oil price slump hits energy sector

    NEW YORK (AP) — The U.S. stock market fell Monday, pulling back from a record high reached last week. Energy stocks fell the most as the price of oil slumped. Campbell Soup declined after the company said its 2015 income would miss analysts' expectations. Yahoo, which owns a stake in Alibaba,...

  • Electrolux to buy GE Appliances in $3.3B deal

    STOCKHOLM (AP) — Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday. The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest...

  • About that raise... US execs feeling tight-fisted

    WASHINGTON (AP) — The corporate executives who decide whether U.S. workers get meaningful raises have looked at the broader economy and have a message: Don't expect a pay increase anytime soon. And if you're counting on a full-time job offer in the future, your prospects may be dimming. That's...

  • Treasury to limit profitability of overseas shifts

    WASHINGTON (AP) — The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A growing number of U.S. companies are shifting...

  • S&P 500 edges back from a record high close

    NEW YORK (AP) — U.S. stocks are edging lower in midday trading as a slump in the price of oil drags down the energy sector. The Standard & Poor's 500 fell four points, or 0.2 percent, to 2,003 as of noon Eastern time Monday. The index closed at an all-time high on Friday. The Dow Jones...

  • Ryanair commits to order 100 737 MAX 200 aircraft

    NEW YORK (AP) — European airline Ryanair has committed to order 100 of Boeing's 737 MAX 200 airplanes, valued at $11 billion at current list prices. Buyers often get steep discounts off list prices for passenger jets. Ryanair has options to buy another 100 of the 737 MAX 200s as well. The 737...

  • Schumer preps bill to penalize companies that inverted as far back as 1994

    The New York senator, the number three Democrat in the upper chamber, is likely to roll out the bill as likely as this week in an effort to forestall so-called corporate inversions.

  • Walgreen adds activist hedge fund founder to board

    Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation's largest drugstore chain. Walgreen Co. is feeling shareholder pressure after lowering its forecast for the earnings it...

  • Jack Lew: Decision on executive action on taxes 'in the very near future'

    Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough.

  • Three Dodd-Frank rules the finance industry wants most to change

    Four years after the Dodd-Frank financial reform law passed Congress, most of its big regulatory provisions have been written. But that doesn't mean that the lobbying and politicking over the legislation is over.

  • U.S. should use ISIS' enemies against it

    Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, wants to address the Islamic State of Iraq and Syria “on both sides of what is essentially at this point a nonexistent border” between Iraq and Syria.



From the Weekly Standard

  • All Together Now

    Republican voters are down on the sluggish GOP officials they elected, and the officeholders whine about the unreasonable people who voted for them. Republican backbenchers complain about their...

    Read More...
  • Millennial Mongers

    As far as newspaper corrections go, it was a whopper. On August 24, the editors of the New York Times sucked the air out of a windy essay that had blown through its pages a few days before. The...

    Read More...
  • Go Big or Go Home

    Big ideas sometimes play a role in political campaigns, but not in this year’s midterm elections. Republican candidates concentrate on linking their opponents to President Obama and his policies....

    Read More...