Share

More Economy Articles

  • EU ministers seek to create investment climate

    MILAN (AP) — European finance ministers agreed Saturday on the necessity of leveraging private investments with urgent structural reforms to relaunch the continent's moribund economy. The ministers focused on a proposal by Jean-Claude Junkers, incoming president of the European Commission, for...

  • Stocks decline amid interest rate worries

    NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard & Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week. Declines were led by utility...

  • Federal Reserve creates new panel for identifying economic threats

    The Federal Reserve is taking new steps to guard against again being caught by surprise by threats to the financial system.

  • Inflation isn't Robin Hood --- or it's a confused Robin Hood

    An underappreciated aspect of inflation, in my view, is how it allows real wages to fall.

  • Treasury could act next week to prevent companies from leaving U.S.

    "They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.

  • European states struggle with Draghi's challenge

    MILAN (AP) — Eurozone finance ministers on Friday said they were willing to help the European Central Bank in its plan to save the economy. How much they can do in practice, however, remains unclear. The ministers met for the first time since ECB President Mario Draghi sketched out this month...

  • US retail sales rise in August on auto sales

    WASHINGTON (AP) — Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending. The Commerce Department said Friday that seasonally adjusted retail sales rose 0.6 percent compared with the prior month. Sales are...

  • US sanctions target key Russia economic sectors

    WASHINGTON (AP) — The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defense companies. The sanctions were imposed in coordination with the European Union, which unveiled...

  • US business stockpiles up 0.4 percent in July

    WASHINGTON (AP) — Stockpiles held by U.S. businesses rose by a moderate amount in July while sales increased at the fastest pace in three months. Stockpiles increased 0.4 percent in July, the Commerce Department reported Friday. That was the same increase as in June. Sales increased 0.8...

  • Obama administration sanctions Russia's largest bank

    The Obama administration Friday announced new penalties against Russia's largest bank and expanded sanctions on the nation's energy and defense sectors, pledging additional economic punishment if Russian President Vladimir Putin continues his incursions in Ukraine.

  • Nevada governor signs tax breaks to ink Tesla battery factory deal

    Republican Gov. Brian Sandoval signed legislation late Thursday. Nevada beat out Arizona, New Mexico, Texas and California for the "gigafactory," as it's known. It's projected to bring 20,000 jobs and $100 billion to the economy in 20 years.

  • Asia stocks muted; Tokyo rises as yen extends fall

    HONG KONG (AP) — Japanese stocks pushed higher on Thursday as the yen sank further against the dollar while other Asian benchmarks struggled for direction after a mixed close on Wall Street. KEEPING SCORE: Japan's Nikkei 225 rose 0.4 percent to 15,966.71, underpinned by the weakening yen which...

  • Democratic senators appeal directly to Burger King CEO to stop inversion

    In a letter addressed to Burger King CEO Daniel S. Schwartz, Majority Whip Dick Durbin and four other senators urged the company to back out of the deal to merge with Canadian chain Tim Hortons and move the combined company's headquarters to Canada.

  • Buffett called GOP senator before Burger King deal

    Noting that he's friends with Buffett, Hatch said that the Omaha-based investor "called me to say, 'you gotta do something about tax inversions.' I believe that was before he entered into the Burger King situation. I think he wanted to know where we were going."

  • Average US 30-year mortgage rate at 4.12 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 edged up to 4.12 percent from 4.10 percent last week, where it had stayed for three...



From the Weekly Standard

  • House of Cards

    Boston

    Read More...
  • Another Fight Obama Shirks

    When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no...

    Read More...
  • Second Time’s a Charm?

    Voters in Connecticut’s gubernatorial election this November will face a familiar choice as Republican Tom Foley squares off against Democrat Dan Malloy. Four years ago, in a nail biter for what...

    Read More...