More Economy Articles

  • Asian stocks mostly down on Ukraine, Iraq jitters

    HONG KONG (AP) — Asian stocks sank Friday as jitters over the crises in Iraq and Ukraine escalated but Chinese stocks rose after trade figures showed surprisingly strong growth in exports. KEEPING SCORE: Japan's Nikkei 225 led Asian declines, sliding 2.6 percent to 14,842.54 as the yen...

  • A high-speed train wreck for Obama and liberalism

    Few of President Obama's initiatives are more emblematic of his early ambitions to be a transformational liberal leader than his vision for connecting the nation with a vast high-speed rail network.

  • Americans are using credit cards more. Here's why that's a good thing

    A big missing piece of the consumer recovery is falling into place in 2014.

  • Stocks slip; Bond yields fall to lowest of year

    NEW YORK (AP) — Stocks are ending lower as investors worry about slowing global economic growth and simmering tensions between Russia and the West over Ukraine. The market gave up an early gain Thursday and turned lower in late morning trading, then stayed down for the rest of the day. The Dow...

  • US consumer credit increases at slower pace June

    WASHINGTON (AP) — U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month. Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said Thursday. The rise was down from a gain of $21.5 billion in May. The smaller...

  • You're better off than the average American if you can come up with this much cash

    If you have $400 to spare, count yourself lucky: Half of Americans would have trouble raising that amount in an emergency, according to a new report that suggests that many U.S. families face surprising financial difficulties.

  • Mexico dreams face test after opening to investors

    MEXICO CITY (AP) — Mexico has passed laws to open its oil, gas and electric industries to private and foreign investors after 76 years of state control. Now comes the hard part. Experts say Mexico's hopes for tens of billions of dollars in outside investment, and possibly a shale gas boom like...

  • Funds are going smaller-game hunting for dividends

    NEW YORK (AP) — In the hunt for dividends, biggest doesn't always mean best. Big, blue chip stocks are often the first stop for many dividend investors. Companies like Exxon Mobil or Procter & Gamble have long histories of paying dividends and higher yields than the market's average. But...

  • Education Department to ease college loan rules

    WASHINGTON (AP) — The Department of Education said Thursday it will try to make it easier for students and parents with troubled credit histories to get college loans. New rules would ease restrictions on college students seeking loans from the government's direct loan program. The change...

  • This infographic sums up what's wrong with the Export-Import Bank

    Democrats all over the country are running in support of the Export-Import Bank, a government agency President Obama rightly called "little more than a fund for corporate welfare." (That was before he controlled it, of course.)

  • Fannie, Freddie post profits in 2Q; pay dividends

    WASHINGTON (AP) — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial...

  • US stocks give up an early gain, turn lower

    NEW YORK (AP) — U.S. stocks gave up an early gain and turned lower in midday trading as investors assessed the latest company earnings and outlook for the economy. Phone and internet companies had some of the biggest losses. Windstream Holdings fell 3 percent after reporting that its earnings...

  • Average US 30-year mortgage rate at 4.14 percent

    WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 percent last week. The average for a 15-year...

  • ECB's Draghi cautions over Ukraine impact

    FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi cautioned Thursday that the crisis in Ukraine could weigh on the fragile economic recovery in the 18-country eurozone — but gave little sign the bank was so alarmed it was ready to deploy new stimulus measures. Speaking after the...

  • Almost no Americans are getting fired

    The Department of Labor reported Thursday that claims for unemployment benefits fell to 289,000. That drop brought the four-week average down to 294,000.



From the Weekly Standard