Manufacturing up, construction spending falls
The pace of growth in manufacturing picked up last month, even as measures of new orders and exports eased, underscoring how the economy is recovering at a gradual clip.
More Trade, Still No Political Clout: An Expert's Take on the BRICS Summit
The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
U.S. Personal Spending Jumps 0.8%, Income Up 0.2% In February
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
European Financial Crisis Provides Scary Lesson For The World
The perception, driven by bonds' performance, that the euro's success would continue unabated was shattered beginning in October 2009, when Greece’s 10-year yields soared to 10.3 percent. Today, U.S. policymakers may be making the same mistake in failing to recognize threats of a coming financial crisis.
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Q4 income trends up, boost for spending
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
Greek Economic Crisis: What If It Happened In The U.S.?
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
Household income trending up, boost for spending
Household income grew at a faster pace in the fourth quarter than previously thought, which should help underpin spending this quarter.
Fourth-quarter GDP unrevised at 3.0 percent
The economy expanded as expected in the fourth quarter while personal income grew at a much faster pace than previously thought, which should help underpin spending this quarter.
Jobless Claims Fall To 359,000, Lowest Level Since April 2008
Claims for jobless benefits fell to 359,000, but Federal Reserve Chairman Ben Bernanke warned this week that recently improved employment data seem out of sync with the pace of U.S. economic growth.
Durable goods orders hint at weak first quarter
New orders for long-lasting U.S. factory goods increased only modestly in February, supporting the view that economic growth in the first quarter could be lackluster.
Arlen Specter Calls Romney A ‘Pornographic Movie Queen,' Writes Hilarious Book, Performs Comedy
Former Senator Arlen Specter, 84, used an X-rated reference to mock Romney for his lack of consistency. He's currently promoting his new book, Life Among the Cannibals, a memoir detailing his experiences as a politician on Capitol Hill.
Stock futures imply flat open after durable goods data
Stock index futures pointed to a flat open on Wednesday, cutting earlier gains after a weaker-than-expected reading on durable goods orders.
US Stock Open Flat On Durable Goods Data
U.S. stocks opened flat Wednesday after durable-goods rose less than expected in February and a key barometer of future business spending missed estimates.
Stock futures gain as governments ponder oil reserve moves
Stock index futures rose on Wednesday as several governments, including the United States, considered releasing oil reserves to ease high prices.
Stock Futures Higher, But Upside Seen As Limited
Stock index futures rose on Wednesday with large-cap shares looking to pierce 52-week highs, but the major indexes were not seen making big moves before the end of the quarter.
US Stocks Fall On Poor Consumer Confidence, Property Value Data
US stocks closed lower on Tuesday, following poor consumer confidence data and a fall in the property value index.
Bernanke: Far too early to call victory in recovery
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory in the U.S. economic recovery, warning against complacency in policymaking as the outlook brightens.
Bernanke: too soon to declare victory on recovery
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.
Bernanke says too soon to declare victory on recovery
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.
Bernanke: Fed Stopped Global Economic Catastrophe
The Federal Reserve prevented a global economic catastrophe with its response to the 2007-2009 financial crisis, Federal Reserve Chairman Ben S. Bernanke claime in in a speech on Tuesday.
Stocks Slip, Yields Edge Up: Daily Markets Wrap
Window dressing, the practice of stock fund managers buying up top performers as the quarter ends to boost the appearance of success, failed Tuesday to lift the major indexes into positive territory.
Wall Street flat, but outperformers gain near quarter end
Stocks hovered near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.
Consumer confidence wanes, inflation a concern
Americans were more worried about inflation in March than at any time in the last 10 months and consumer confidence waned in the wake of higher gasoline prices.
Wall Street pauses, outperformers boosted near quarter end
Wall Street paused near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.
Consumer confidence eases, inflation view jumps
Americans this month ratcheted up their expectations on inflation to the highest level in 10 months and consumer confidence waned, though the economic recovery was still seen on track.
Wall Street pauses after rally, limited upside seen
Stocks were little changed on Tuesday as momentum stalled a day after major indexes rallied to near four-year highs.
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