More Economy Articles

  • Latest Fed survey sees improved economy

    WASHINGTON (AP) — The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates. All 12 of the Fed's regions reported growth with five — New York, Chicago, Minneapolis, Dallas...

  • US stocks close higher; Time Warner soars

    NEW YORK (AP) — Stocks are closing higher following strong earnings results and deal news from big U.S. companies. The gains pushed the Dow Jones industrial average to its second record high close this month. The Dow rose 77 points, or 0.5 percent, to 17,138 Wednesday, beating the record...

  • US stocks move higher; Time Warner soars

    NEW YORK (AP) — Stocks are moving higher following strong earnings results from big U.S. companies. Time Warner soared 16 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant. Intel jumped 7 percent after reporting a surge in earnings as companies...

  • US homebuilder confidence surges in July

    U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming...

  • US factory output rises for 5th straight month

    WASHINGTON (AP) — U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter. Factory production...

  • Study: US millennials buying homes later

    WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real...

  • Euro healing, but still distant No. 2 to US dollar

    FRANKFURT, Germany (AP) — International investors are regaining their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up. But the euro, which is shared by 18 countries, fell further behind the U.S. dollar last year in another key measure of...

  • Higher gasoline costs raise US producer prices

    WASHINGTON (AP) — Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures the cost of goods and services before they reach the...

  • Elizabeth Warren grills Fed Chairwoman Janet Yellen on crucial too-big-to-fail question

    Sen. Elizabeth Warren grilled Federal Reserve Chairwoman Janet Yellen on an important provision of the law intended to prevent banks from becoming too big to fail.

  • Export-Import Bank subsidy beneficiary wants to let Export-Import Bank expire

    Republican Rep. Cathy McMorris-Rodgers is from Washington State, which makes her hesitance on the Export-Import Bank raise eyebrows. A local paper, the Spokesman-Review, blasted her for her reluctance, citing Washington's status as "the nation's most trade-dependent state."

  • Congressional Budget Office downgrades fiscal outlook, but not because of debt

    The outlook for the federal debt is still grim, the Congressional Budget Office reported Tuesday, and largely unchanged despite the roll-out of Obamacare and a budget deal since its last projection were issued.

  • EXography: Wall Street migrates south to low-cost Southern cities

    When we think about American finance, the default Image is of a pinstriped banker on Wall Street. But increasingly, the financial services sector, which employs eight million people, is shifting away from the traditional bastions of money.

  • VIDEO: Citigroup to pay $7 billion in settlement

    Citigroup and the Justice Department announced on Monday a $7 billion settlement for the bank's involvement in mortgage-backed securities it sold leading up to the 2008 financial crisis.

  • Here's exactly how much money the weak recovery cost you

    If the current economic recovery had kept pace with other post-World War II recoveries, the average American would have $2,700 more in annual income.

  • Why lobbying is a dud for most companies but benefits their CEOs

    Lobbying and political contributions don't increase a company's profits, a new academic study suggests -- they mostly just enrich the CEO.

From the Weekly Standard