Manufacturing Sector Increased Jobs at Fastest Pace in More Than 4 Years
The manufacturing sector increased jobs at the fastest pace in the month of July than the sector had in more than four years, the New York Times reported.
US Economy
Wall Street Banks Warn Downturn Is Coming
HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.
FOMC Minutes Highlight ‘Growing Rift’ at Fed
Central bankers on the Federal Open Market Committee appear to be uncertain of what’s in store for America’s inflationary indicators, which could rankle investors and complicate interest-rate and balance-sheet decisions through the rest of the year.
U.S. Economy Expands at Slowest Pace in Three Years
The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling.
Stock market falls for 8th straight session
U.S. stocks closed lower Thursday, marking the S&P 500’s longest losing streak since the depths of the financial crisis, as Facebook shares slumped and investors fretted over election uncertainty.
U.S. GDP Growth Just 1.1 Percent in the Second Quarter
U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.
Obama puts Congress on notice: Trans-Pacific Partnership is coming
The White House put Congress on notice Friday morning that it will be sending lawmakers a bill to implement President Barack Obama’s landmark Trans-Pacific Partnership agreement — a move intended to infuse new energy into efforts to ratify the flat-lining trade pact.
Fed official says 1 rate increase might be needed this year
A Federal Reserve official who has been a leading supporter of a slow approach to raising interest rates said Wednesday that one rate increase “could be appropriate” this year.
Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles.
Trade Deficit Reaches Highest Level Seen in Seven Years
The trade deficit soared to the highest level seen since 2008, the height of the Great Recession, according to a preliminary report released Thursday by the Bureau of Economic Analysis.
Deadbeat America drowning in credit card debt
American taxpayers are quick to criticize the federal government for its ever-increasing national debt, but a new study released Wednesday found taxpayers are also saddled with debt, and are likely to end 2016 with a record high $1 trillion in outstanding balances.
U.S. stocks suffer 3rd-worst drop of year on weak China data
U.S. stocks suffered their third-worst loss of the year on Tuesday as part of a global rout sparked by a new round of weak Chinese economic data.
Dow posts worst August decline in 17 years
The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China.
U.S. stock rally unravels as Dow, S&P 500 end sharply lower
In a dramatic reversal to a morning rally, U.S. stocks relinquished all of their opening gains, and then some, to finish with sharp losses. The main indexes began trimming gains in afternoon trade, falling into negative territory ahead of the closing bell as selling accelerated in the final hour.
Wall St. suffers worst day in four years, S&P confirms correction
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.
U.S. companies expected to report worst sales fall in nearly six years
U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, giving investors reason to worry about future profits.
Record 93,626,000 Americans Not in Labor Force
A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics.
Keystone Pipeline Divides Congress as Deadline Nears
With a decision looming, both sides of the Keystone XL pipeline debate are making last-ditch appeals to President Obama, with opponents saying the project fails the White House’s climate test and supporters arguing it’s a no-brainer that will spur U.S. energy independence and economic growth.
Dow Plunges 350 Points, Worst Drop of 2015
U.S. markets got hammered Monday as the Greek debt crisis deepened, with investors pushing the Dow down 350 points — and back in the red for 2015 — after steeper sell-offs in Asia and Europe.
Dow Down for the Year as Sell-Off Continues
Stocks ended a bloody, turbulent week with a broad-based slump Friday, sending the tech-heavy Nasdaq to its worst weekly losses in 30 months and eviscerating what remained of the Dow Jones industrial average’s 2014 gains.