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Producer Price Indexes Dropped in April

The producer price index for finished goods was down slightly in April, continuing a trend. Intermediate and crude goods also saw declines.

U.S. Pumps Up Oil Production as World Demand Rises

The rapid growth of U.S. oil production is transforming global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in consumption, the International Energy Agency reported Tuesday.

Home Builders Optimistic on Rising Sales Figures

The National Association of Home Builders said its index for builder confidence added three points to reach 44 over a downwardly revised 41 point reading for April.

Industrial Production Tipped 0.5 Percent in April

Industrial output dropped 0.5 percent in April after rising 0.3 percent in March, the Fed said Wednesday.

Home Prices on a Rebound, Not a Bubble: Trulia

Trulia estimates that home prices are undervalued in all but a few regions -- and even there, prices are not much above fundamental value.

Eurozone Recession Reaches Six Quarters

Eurozone economic activity contracted in the first quarter of the year, the European Commission's statistical office said Wednesday.

U.S. Oil Surge Transforms Markets, Undercuts OPEC

The boom of U.S. oil production is changing global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in oil consumption, the International Energy Agency reported Tuesday.

N.Y. to Increase Minimum Wage, Feds May Follow

New York employers who employ workers in minimum-wage jobs will have to gradually increase their pay from $7.25 to $9 an hour over the next three years.

Less Red Ink Means Less Threat of Gov't Shutdown

Several indicators reveal that the next episode of confrontation over the U.S. federal budget will be postponed, because the government is spending less and taking in more revenue.

Small Businesses Upbeat About Economy, But Still Troubled

Small-business owners were more optimistic about the economy in April, but "pessimism abounds" in a sector that is barely growing, the National Federation for Independent Business said Tuesday.

Detroit 3 Score High on Auto Quality Survey

The Detroit Three did well on Strategic Vision's 2013 quality study with the Dodge Dart, Ford Fusion and Chevrolet Volt getting the best scores in their respective segments.

Detroit Is Insolvent, Report Says

Detroit is basically insolvent and has borrowed beyond its means, a report from Emergency Manager Kevyn Orr said.

ECB May Buy Asset-backed Securities

The European Central Bank president says the ECB is considering buying asset-backed securities to support lending to small- and medium-sized companies.

Americans Get Along Well, Despite Politicians

Can we agree on this? Americans still think alike much of the time even if our politicians don't.

Jobs Reports Trigger Spin, Hype, Blame

Politics and monthly jobs reports are inextricably linked and trapped in a vicious cycle of hype and finger pointing.