Business at U.S. manufacturers expanded at a slower-than-expected pace in February, according to a closely watched survey of the sector released Thursday.
Euro zone unemployment rose in January to 10.7 percent, the highest figure since 1999, as the ranks of the jobless continued to swell in Portugal, Italy and Spain, among others, Eurostat, the statistical office of the European Union, said Thursday.
Police have reportedly surrounded the factory and seek to negotiate with the gunman in an effort to free the hostages,
Claims for jobless benefits came in at 351,000 for the third consecutive week and the four-week moving average continued to decline. However, economists point out that the economy needs to show more strength for the drop in the still-high jobless rate to be sustainable.
New U.S. claims for unemployment benefits edged down last week, holding near four-year lows, according to a government report on Thursday that suggested the labor market was gaining momentum.
Euro zone unemployment rose to 10.7 percent in January from a revised 10.6 percent in December, while the annual inflation rate edged up to 2.7 in February from 2.6 percent in January, the European Union's official statistics agency, Eurostat, reported Thursday.
Greece has approved pension and health care cuts as part of the reforms agreed in return for the 130 billion euro ($171 billion) bailout deal approved by the Eurozone.
Most Asian stocks declined Thursday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke disappointed investors.
The Nasdaq composite index crossed 3000 for the first time in more than a decade but finished in red following the testimony from Federal Reserve chairman Ben Bernanke which checked market expectations of more monetary easing.
Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.
Gold fell 3 percent on Wednesday for its biggest one-day drop in 2-1/2 months, as a dollar rally following U.S. Federal Reserve Chairman Ben Bernanke's comment on an encouraging job recovery prompted funds to heavily unwind bullish bets.
Thousands of students marched in cities across Spain on Wednesday to protest the latest government austerity measures.
Gas prices in the U.S. are increasing. Is it possible we’ll see a $5 gallon anytime soon? Signs point to yes.
The Dow Jones Industrial Average crossed 13,000 at Tuesday's market close, while the S&P 500 rose above 1,370, but a bullish psychological impact could actually drag down the market in days to come.
U.S. Federal Reserve Chairman Ben Bernanke played killjoy Wednesday morning, delivering a somewhat pessimistic assessment of the nation's economic condition in a semi-annual address to the House of Representatives.
The number of employed Germans declined slightly in February, but a statistical sleight-of-hand means the unemployment rate held steady at 6.8 percent, the lowest level since Germany became the republic that it is today.
The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.
The U.S. economy grew at a 3 percent annual rate in the fourth quarter, faster than originally estimated on unexpectedly strong business restocking, the Commerce Department said Wednesday.
Here's why the Dow closed above 13,000 for the first time since 2008, indicating that the stock market has finally returned to its pre-recession level.
Though it might be a popular trend in sci-fi movies, doomsday is a very real foreboding topic amongst 2012 doomsayers. Wyoming intends to be prepared with the Wyoming Doomsday Bill drafted by Rep. David Miller.
Hollande’s tax scheme was roundly criticized by his political opponents.
President Barack Obama's support among women has risen as the economy improves, according to an Associated Press/GfK poll.
