CollectionsEconomy
IN THE NEWS

Economy

NEWS
July 23, 2013 | By Chico Harlan, Washington Post
TOKYO - Japanese voters dealt a runaway election victory Sunday to the ruling Liberal Democratic Party, exit polls indicated, in a strong sign of approval for Prime Minister Shinzo Abe's ambitious plan to revive the world's third-largest economy. Sunday's vote, for seats in the upper house of parliament, gives Abe's ruling bloc control of both chambers - and it provides Abe with a mandate unmatched by any Japanese leader in nearly a decade. How Abe uses that political power will help determine the long-term health of Japan's economy and its relations with Asian neighbors.
BUSINESS
July 20, 2013
Cargoes were up 13.6 percent in the first six months of 2013 in the Port of Philadelphia, the fourth consecutive year of double-digit cargo growth and an indicator the economy is improving, officials said. Tonnage increases were seen in steel shipments, forest products including paper and lumber, sugar, cocoa beans and liquid bulk cargoes, the Philadelphia Regional Port Authority said. Liquid bulk cargoes, including the chemical cumene, arrive at Tioga Marine Terminal and are pumped via an elevated pipe bridge to Kinder Morgan Terminals at Delaware and Allegheny Avenues.
BUSINESS
July 17, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses. Americans bought more cars and trucks, furniture, and clothes. But they cut back on almost everywhere else. They spent less at restaurants and bars, reduced purchases at home improvement stores, and bought fewer computers and electronics. Overall retail spending rose 0.4 percent in June from May, the Commerce Department said.
NEWS
July 17, 2013 | By Angela Delli Santi, Associated Press
TRENTON - Democratic gubernatorial candidate Barbara Buono has unveiled her economic plan for the state, and it contrasts sharply with Gov. Christie's policies. Buono's plan, unveiled early Monday, focuses on shoring up the middle class. It provides tax breaks to small businesses, pledges to make higher education more affordable, and restores safety net cuts made by Christie during his first term. The former chairwoman of the state Senate budget committee says her plan "reflects an understanding that economic growth begins with the middle class.
BUSINESS
June 27, 2013 | By Christopher S. Rugaber and Martin Crutsinger, Associated Press
WASHINGTON - The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans' confidence in the economy has reached its highest point in 51/2 years. That brightening picture, captured in four reports Tuesday, suggests that the economy could accelerate in the second half of the year. It underscores the message last week from the Federal Reserve, which plans to slow its bond-buying program this year and end it next year if the economy continues to strengthen.
BUSINESS
June 23, 2013
The economy is slowly healing, and the time is coming for the Federal Reserve to unwind its massive efforts to right what was once a sinking ship. Given comments by Fed Chairman Ben Bernanke after the Fed's meeting last week, we now know that the policies that gave us extraordinarily low interest rates are coming to an end. If you borrow or invest, you have a big stake in how and when the Fed raises those rates. Making monetary policy is challenging even in normal times. In crazy circumstances, and that's what we had in 2008, it can be near impossible.
BUSINESS
June 18, 2013 | By Christina Rexrode, Associated Press
NEW YORK - Investors are playing a guessing game with the Federal Reserve. On Monday, they guessed that the central bank will continue trying to prop up the economy, and stocks went higher. The major indexes all rose about 1 percent in early trading and stayed there for most of the day before dipping slightly in the afternoon. The Standard & Poor's 500 index rose 12.31 points, or 0.8 percent, to 1,639.04. The Dow rose 109.67 points, or 0.7 percent, to 15,179.85. The Nasdaq composite rose 28.58, or 0.8 percent, to 3,452.13.
NEWS
June 18, 2013 | By Scott Wilson, Washington Post
SLIGO, Ireland - President Obama this week will visit a European continent deeply worried about its economy, the worsening conflict in Syria, and the uncertain direction of American leadership abroad in the fifth year of his administration. As he arrives Monday in Northern Ireland for his first trip to Europe in two years, Obama will be confronting the diplomatic fallout from his actions and inaction on some of the most urgent concerns of his European counterparts. His long delay in more aggressively supporting Syria's beleaguered opposition forces - a move his administration announced in the form of expanded military aid on the eve of his visit here - has frustrated the leaders of France and Germany.
BUSINESS
June 15, 2013 | By Matthew Craft, Associated Press
NEW YORK - Disappointing reports about the U.S. economy helped push the stock market lower Friday. Concerns that the Federal Reserve could announce plans to cut back its stimulus program next week also weighed on the mood. Americans' confidence in the economy weakened in June and was lower than economists had estimated, according to the Thomson Reuters/University of Michigan survey out Friday. Another report said factories were not as busy as expected. The Standard & Poor's 500 index sank 9.63 points, or 0.6 percent, to 1,626.73.
NEWS
June 12, 2013
By Rémy Raisner Five years after the beginning of the global financial crisis, the French and U.S. economies present drastically different pictures. While America seems on the path to full recovery, France still faces challenges, and its economy is in recession for the second time in four years. The national mood is one of the most pessimistic in Europe, and Francois Hollande, one year after his election as president, is seeing record-low popularity. Why? Part of the explanation lies in a combination of weak growth, competitiveness issues, high joblessness, and high public spending, totaling 57 percent of gross domestic product - vs. about 40 percent for the United States.
« Prev | 1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|