economic recovery

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  • Oil prices stay steady before 2-day US Fed meeting


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    BANGKOK (AP) — The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New York ...
    1 day ago
  • Investors Seek Clarity Not Confusion from Bernanke


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    Filed under: Market News , Federal Reserve , Interest Rates AP Federal Reserve Chairman Ben Bernanke By Alan Wheatley LONDON -- Like a father who has told his son the tooth fairy doesnt exist, Ben Bernanke must find a way to soothe investors who feel betrayed since he told them it was also a fantasy to hope he ...
    2 days ago
  • Burgers, bikinis and Obamacare, oh my!


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    The young, hungry guy brand Now that we’ve got your attention… Even with an intentionally provocative title, the Wall Street Journal delivers an excellent interview this weekend with Andrew Puzder, CEO of CKE Restaurants. (That’s the parent company of Carls’ Jr. and Hardee’s.) He has an extensive and ...
    3 days ago
  • Don’t Blame Weak Recovery on State and Local Spending Cuts


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    As the economic recovery has remained weak well into its fourth year, some Washington policy makers have increasingly been blaming cuts in government spending, with much of their finger pointing at state and local governments where purchases of goods and services have slowed or declined. For example, in a speech last ...
    3 days ago
  • Survey: Consumers Confidence in U.S. Economy Falters


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    Filed under: Economic Indicators , Economic Recovery , Consumer Issues , Economy Getty Images By Steven C. Johnson NEW YORK -- U.S. consumer sentiment retreated this month after reaching its highest in nearly six years in May, a survey released Friday showed, as household optimism about employment and ...
    5 days ago
  • May Factory Output Inches Up After 2 Months of Declines


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    Filed under: Economic Indicators , Commodities & Futures , Automotive Industry , Computer Industry , Manufacturing Paul Sancya/AP By MARTIN CRUTSINGER WASHINGTON -- U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for ...
    5 days ago
  • Did the UK actually suffer a double-dip recession in 2012?


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    The UK has successfully avoided a triple-dip recession, notching up (admittedly very weak) growth in the first quarter of 2013.But could it also prove to be the case that the UK did not even suffer a double-dip recession?A… continue
    5 days ago
  • Businesses await relief as Japan OKs reform plan


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    Japans Cabinet has approved a blueprint for reforms meant to improve competitiveness and shore up long-term growth in the worlds third-largest economy as its population ages and shrinks.
    5 days ago
  • Asian stocks rebound after Tokyo drop


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    Tokyos Nikkei 225, the regional heavyweight, gained 2.9 percent to 7,972.95, rebounding from Thursdays 6.4 percent plunge that took the index into ``bear market territory.
    5 days ago
  • Nikkei Slides After BOJ Minutes Released


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    zerohedge.com / By Tyler Durden / June 13, 2013, 20:06 -0400 We are trying to remember when the last time the BOJ minutes were important for global risk assets, and are drawing a blank. That’s how messed up the financial markets have become. That said, here are the highlights from the BOJ’s May minutes which ...
    5 days ago
  • Nikkei Slides After BOJ Minutes Released


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    We are trying to remember when the last time the BOJ minutes were important for global risk assets, and are drawing a blank. That’s how messed up the financial markets have become. That said, here are the highlights from the BOJ’s May minutes which appear to have spooked the Nikkei some 10 minutes ahead of the ...
    5 days ago
  • Weekly Jobless Claims Fall More than Expected, Retail Sales Beat Expectations in May


    The Political CarnivalAuthority Authority: 570
    • Facebook • Twitter • Delicious • LinkedIn • StumbleUpon • Add to favorites • Email Via Fox Business, but they’re clearly biased. They would never want to report anything unfavorable to this administration, right? So it’s all good economic news all the time from them. Oh, but I ...
    5 days ago
  • Business Inventories Rise in April, But Sales Weaken


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    Filed under: Economic Indicators , GDP , Economic Recovery , Manufacturing , Economy Leah Nash/Bloomberg via Getty Images By Lucia Mutikan WASHINGTON -- U.S. business inventories rose in April, but with goods taking longer to sell, businesses could slow their pace of stock accumulation to prevent an ...
    6 days ago
  • The Economic Recovery’s ‘Elephant in the Room’


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    rickackerman.com / By RICK ACKERMAN / JUNE 13, 2013 12:01 AM GMT Well, that’s two straight Tuesdays that U.S. stocks have fallen. Has Wall Street finally noticed that the real estate sector – the only big winner in American’s sham “recovery” besides the stock market itself – is starting to ...
    6 days ago
  • Auto Incentives Jump To 8% Of Car Value, Highest In Two Years


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    zerohedge.com / By Tyler Durden / June 12, 2013, 10:00 -0400 We showed yesterday the  truly dreadful state of this economic recovery had one odd bright (green) spot , US auto production (and sales). While cash-for-clunkers started it, and easy money from the Fed expanded it (via  credit for an ever-growing ...
    6 days ago
  • D.C. Council chairman says planned tax on commuter buses ‘is disappearing’


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    A $5 fee on every non-Metro commuter bus entering the city, every day it enters, has been placed into the District’s new budget. The fee, calculated to raise $273,000 for the city, was approved unanimously by the D.C. Council’s transportation and environment committee on May 9, and then by the entire council on ...
    6 days ago
  • Mortgage Applications Sink as Rates Rise


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    The team at RealtyPin.com , a website that analyzes the latest real estate news, has been studying a dramatic drop in the number of mortgage applications at the end of the month of May. By the week ending on the 31st May there were 11.5% fewer applications than the week before as the average rate for a 30 year fixed ...
    1 week ago
  • 5 Reasons the European Crisis Is Far From Over


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    French President Francois Hollande is pretty optimistic about the European Union . Despite IMF and European Commission urgings to reform outdated pension systems and inflexible labor markets within his country, the French President has been touting a bullish view on the euro zone. Speaking a trip to the Far East, ...
    1 week ago
  • The US is fixing its debt crisis, winners and losers: Part One, the big winner


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    Data out yesterday confirmed a trend that is very good news indeed. US households are reducing debt. Today I look at the implications of this for the US consumer. Today I bring a reason to smile. Tomorrow I will attempt to exercise the muscles that help you to frown. US household debt as a share of GDP has fallen ...
    1 week ago
  • Leggett to seek third term in Montgomery County


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    Montgomery County Executive Isiah Leggett (D) said Tuesday evening that he will seek a third term in 2014, citing goals in transportation and job creation that remain in the aftermath of the Great Recession. Read full article >>        
    1 week ago

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