More Economy Articles

  • US unemployment aid applications drop to 302,000

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market. Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday. The four-week...

  • Google's 2Q revenue gains eclipse earnings miss

    SAN FRANCISCO (AP) — Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. The report released Thursday also showed that Google's advertising prices are still dropping to extend a nearly...

  • If you've got a small business, odds are the Export-Import Bank isn't helping you

    Americans now know the Export-Import Bank is a corporatist program built on bad economics.

  • Oil rises past $103 on geopolitical turmoil

    The price of oil rose 2 percent Thursday on lower U.S. inventories and concerns that geopolitical tensions could disrupt global supplies. Benchmark U.S. crude for August delivery rose $1.99 to close at $103.19 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract added...

  • Orrin Hatch takes on Treasury's Jack Lew over 'economic patriotism'

    Sen. Orrin Hatch isn't playing along with Jack Lew's exhortation for "economic patriotism."

  • Jet downing, weak earnings rattle stock market

    Stocks are closing sharply lower as traders worried about an escalation of tensions between Russia and the West following the downing of a passenger plane in eastern Ukraine. Traders were also unsettled by poor corporate earnings and a weak indicator for the housing market. The Dow Jones...

  • Reliability of economic data undermined by digital revolution

    The economic data that drives so much political debate is becoming increasingly less reliable in the digital era. That's because new technology makes it hard to compare the 21st-century economy to anything that came before it.

  • Jet downing, weak earnings, rattled stock market

    The stock market veered lower Thursday afternoon, weighed down by news that a passenger jet was shot down over Ukraine and by disappointing U.S. corporate earnings and housing data. KEEPING SCORE: The Dow Jones industrial average slid 135 points, or 0.8 percent, to 17,002 as of 3:35 p.m....

  • Largest US insurer's move signals industry shift

    The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities. UnitedHealth Group said Thursday that it will participate in as many as 24 of the...

  • Democrats talk like populists, govern like corporatists

    Liberal columnist EJ Dionne has noticed what he politely calls "tensions" between two Democratic themes this year: Populism and business boosterism.

  • Morgan Stanley quarterly profit more than doubles

    NEW YORK (AP) — Morgan Stanley said Thursday that its quarterly profit more than doubled, thanks to strong performances from its investment banking and money-management units. Second-quarter net income jumped to $1.88 billion from $900 million a year earlier, after excluding an accounting gain....

  • Markets roiled by fresh US sanctions on Russia

    LONDON (AP) — Another round of U.S. sanctions on Russia weighed on markets Thursday. News that a Malaysia Airlines passenger plane carrying 295 had been shot down over Ukraine added to the negative tone. Russia's MICEX index underperformed the world market, closing down 3.8 percent, a day after...

  • Stocks edge lower in midday trading; Mattel sinks

    Stocks are moving slightly lower at midday following mixed news about the economy and the latest batch of corporate earnings. The Standard & Poor's 500 index fell 10 points, or 0.5 percent, to 1,971 as of midday Thursday. The Dow Jones industrial average fell 56 points, or 0.3 percent, to...

  • Average US mortgage rates dip slightly

    WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. The average for the 15-year...

  • Where's that inflation I was promised?

    There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.



From the Weekly Standard