News Headline Articles

Americans Still Pessimistic Despite Economic Growth

Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health.

U.S. Economy Grew at Brisk 4.2 Percent in Q2

After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly above first estimates.

Russian Incursion Into Ukraine Weighs on Global Markets

Worsening tensions in Ukraine are sending markets lower in Thursday trading, overshadowing an encouraging report on U.S. economic growth.

Laid-off Workers Return to Their Fields

In another sign of a strengthening economy, a growing number of displaced workers are getting jobs in the industries they left.

Cantwell Targets Gender Gap in Small-Business Loans

Sen. Maria Cantwell, who chairs the Senate Committee on Small Business & Entrepreneurship, introduced legislation in July that would make it easier for women-owned companies to get loans and government contracts.

Economists Fear Fed Will Wait Too Long to Raise Rates

The latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.

Durable Goods Orders in U.S. Surge 22.6 Percent

Business orders for long-lasting manufactured goods shot up by the largest amount on record in July, with most of the strength came from demand for commercial aircraft. Non-transportation orders dipped.

Consumer Confidence Closes in on 7-Year High

U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains, suggesting that Americans will be more likely to spend in upcoming months.

Pressure Builds Within Fed to Change Course

Pressure is building within the Federal Reserve to acknowledge improvements in the U.S. economy and lay the groundwork for the central bank's first interest rate hike in nearly a decade.

New Home Sales in U.S. Cooled Off in July

Fewer Americans bought new homes in July, indicating that the housing sector is struggling to regain traction more than five years into the economic recovery.

S&P 500 Moves Above 2,000 for First Time

The U.S. stock market reached another milestone as the Standard & Poor's 500 index passed 2,000 points for the first time in Monday morning trading.

Tax Refunds May Get Hit Due to Health Law Credits

Taxpayers who are counting on a tax refund but receive a subsidy to pay for health insurance might be in for a major surprise.

Koch Brothers Took Genes, Money in Different Directions

Best know for the big money era of politics, there is still much that is not known about the billionaire Koch brothers.

Yellen Warns on Rate Hike, Slow Labor Recovery

Federal Reserve Chair Janet Yellen on Friday warned that rate hikes could come sooner than expected if the the U.S. economy continues to recover, and said improvement in labor market is overstated.

Job Market Shifts Complicate Yellen's Rate Decision

Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

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