More Economy Articles

  • Inflation flattens out in June, and some good news for consumers

    Consumer inflation held steady at 2.1 percent yearly in June, the Bureau of Labor Statistics reported Tuesday morning.

  • Stocks open higher; Comcast, Lockheed gain

    NEW YORK (AP) — U.S. stocks are moving higher in early trading as more companies turn in solid earnings reports. Comcast rose 1.3 percent after reporting higher profits than investors were expecting. The giant cable TV company signed up more subscribers for Internet service. Defense contractor...

  • Verizon 2Q profit rises 93 percent

    NEW YORK (AP) — Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but at a lower rate, to $1.01 per share from 78...

  • Oil gains further on concerns over Ukraine, Gaza

    The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine and expectations of a fall in U.S. crude inventories. By early afternoon in Europe, U.S. benchmark crude for September...

  • US stock slip to start the week; Six Flags sinks

    NEW YORK (AP) — The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. European leaders are considering tougher sanctions on Russia for its backing of separatists accused of shooting down a...

  • Natural gas falls to an 8-month low

    Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal. The price of natural gas fell 10 cents, or 2.6 percent, to $3.85 per 1,000 cubic feet. That's the lowest since mid-November. Weather...

  • Weak earnings, Ukraine tensions weigh on stocks

    NEW YORK (AP) — Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. Hasbro fell 3 percent Monday after the toy maker reported second-quarter earnings and revenue that fell short of...

  • US Treasury bill rates mixed at weekly auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged and six-month bills dropping to their lowest level in three weeks. The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025...

  • US says airlines add jobs for 6th straight month

    WASHINGTON (AP) — U.S. airlines have been adding jobs for six straight months, though the gains aren't big ones. The U.S. Department of Transportation said Monday that the nation's passenger airlines had the equivalent of 385,619 full-time workers in May, up 1.1 percent from May 2013. That's...

  • US stocks slip following mixed company earnings

    NEW YORK (AP) — Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. Hasbro fell 2 percent in midday trading Monday after the toy maker reported second-quarter earnings and revenue that...

  • Oil prices rebound above $103 on geopolitical risk

    Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. By mid-afternoon in Europe, benchmark U.S. crude for August delivery was up 45 cents to $103.58 a barrel in electronic trading on the New York Mercantile...

  • US stocks open lower as more earnings roll in

    NEW YORK (AP) — Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. Hasbro fell 2 percent in early trading Monday after the toy maker reported second-quarter earnings and revenue...

  • Janet Yellen admits she doesn't know why this sector of the economy is doing so poorly

    Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give you a...

  • Private jet recovery from recession an uneven ride

    HARTFORD, Conn. (AP) — Private jet sales are rising again, climbing out of a deep recession when the company plane was an easy target for spending cuts. The chief executive of General Dynamics Corp., maker of Gulfstream jets, says corporate customers are back and wealth creation is bringing out...

  • Obama: US must retrain workers who lose jobs

    WASHINGTON (AP) — President Barack Obama says all American workers deserve to know that if they lose their jobs, their country will help them train for a better one. In his weekly radio and Internet address, Obama says Congress has taken steps in the right direction by approving job-training...



From the Weekly Standard