U.S. Economy
- G-8 meets as economy storm clouds thicken
(AP)
Fri, 04 Jul 2008 17:26:17
AP - Between surging oil prices, food inflation and a credit crunch that’s depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.
- Kimmitt confident in economic fundamentals
(Reuters)
Fri, 04 Jul 2008 13:18:27
Reuters - Deputy U.S. Treasury Secretary Robert
Kimmitt said on Friday he was confident about the United
States’ economic fundamentals in the long term despite a
current rough patch and was quite optimistic about the future.
- Gas prices hit another high for holiday weekend
(AP)
Fri, 04 Jul 2008 12:11:05
AP - Fireworks aren’t the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.
- 62,000 jobs lost, off nearly half-million for year
(AP)
Fri, 04 Jul 2008 09:54:05
AP - The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year’s July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.
- G8 to tackle inflation, but concrete action elusive
(Reuters)
Fri, 04 Jul 2008 09:12:07
Reuters - G8 leaders aim to present a united front
against global inflation, driven by soaring oil and food
prices, at a summit in Japan next week, but solving the problem
requires more than just a strong message from rich nations.
- Inflation, not credit crunch, is top concern worldwide: Paulson
(AFP)
Thu, 03 Jul 2008 22:45:30
AFP - Inflation, and not the credit crunch, is the biggest economic concern worldwide, especially in developing countries, US Treasury Secretary Henry Paulson said in an interview Thursday.
- IBD’s Top 10 - Thursday
(Investor’s Business Daily)
Thu, 03 Jul 2008 22:38:00
Investor’s Business Daily - 1 The 6th straight monthly payrolls drop was in line with forecasts, though April and May payrolls were revised lower. That bodes ill for the economy, but recessions typically have bigger job cuts. Unemployment stayed at 5.5%, defying forecasts for a dip after May’s spike. Factories and home builders slashed staff. Rising jobless claims signal more job losses ahead. - Wall Street firms reduce, banks step up Fed loans
(AP)
Thu, 03 Jul 2008 21:39:23
AP - Wall Street companies sharply scaled back their borrowing from the Federal Reserve’s emergency lending program over the past week while commercial banks boosted it slightly.
- Economy extends job loss streak
(Reuters)
Thu, 03 Jul 2008 19:15:06
Reuters - U.S. employers cut workers for a
sixth straight month in June for the longest such streak since
2002 and the country’s vast service sector unexpectedly
contracted, underscoring the economy’s frailty.
- Service sector contracts as orders fall
(AP)
Thu, 03 Jul 2008 18:30:06
AP - Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation’s coffee shops, paper mills and corner stores. - New York cabbies struggle as fuel costs hack pay
(Reuters)
Thu, 03 Jul 2008 13:51:20
Reuters - Tired of pumping his cash right back
into his gas tank, New York City taxi driver Mohammed Kalair
says he is considering quitting his job and going back to his
native Pakistan.
- Stocks end mixed following jobs, services data
(AP)
Thu, 03 Jul 2008 21:23:28
AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation’s services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.
- U.S. cuts jobs for 6th month
(Reuters)
Thu, 03 Jul 2008 12:36:53
Reuters - U.S. employers cut workers from
their payrolls for the sixth straight month in June for the
country’s longest losing streak since 2002, while the
unemployment rate held steady at 5.5 percent, government data
on Thursday showed.
- Jobless lines growing longer
(AP)
Thu, 03 Jul 2008 12:34:16
AP - The number of newly laid off people signing up for unemployment insurance rose sharply last week. - Paulson says US economy set to strengthen
(AFP)
Thu, 03 Jul 2008 12:05:12
AFP - US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.
- Don’t blame the buck for high oil price: Paulson
(Reuters)
Thu, 03 Jul 2008 11:10:36
Reuters - A weaker dollar cannot be blamed for
soaring oil prices as policymakers around the world tussle with
the twin specters of rising inflation and slowing growth, U.S.
Treasury Secretary Henry Paulson said on Thursday.
- Paulson: inflation becoming top global focus
(Reuters)
Thu, 03 Jul 2008 08:56:52
Reuters - U.S. Treasury Secretary Henry Paulson
said on Thursday inflation was becoming the top economic focus
of many countries around the world as oil and food prices take
their toll.
- Paulson says US economy enduring ‘rough period’
(AFP)
Wed, 02 Jul 2008 20:57:12
AFP - US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring “a rough period” and warned that home foreclosures would likely remain high in the near future.
- Dow enters bear market as stocks slide
(Reuters)
Wed, 02 Jul 2008 20:52:37
Reuters - The Dow sank into a bear market on
Wednesday as U.S. stocks fell on growing concerns about the
toll that record oil prices are taking on the economy and
corporate profits.
- Paulson: U.S. home prices to fall
(Reuters)
Wed, 02 Jul 2008 15:02:04
Reuters - U.S. Treasury Secretary Henry Paulson
said on Wednesday that high oil prices, further home price
declines and capital markets turmoil will prolong the American
economy’s slowdown, while Europe and the UK were also showing
signs of slower growth.
TOP NEWS
- Top Stories
- U.S. National
- World
- Politics
- Business
- Technology
- Sports
- Entertainment
- Health
- Odd News
- Science
- Opinion/Editorial
- People of the Web
- Obituaries
- Most Emailed
- Most Viewed
- Most Recommended
- Terrorism
- Elections
WORLD NEWS
- Global Economy
- Mideast Conflict
- Iraq
- United Nations
- Africa
- Asia
- Britain
- China
- Brazil
- Europe
- India
- Iran
- Japan
- Latin America
- Mexico
- North Korea
- Oceania
- Russia
U.S. NEWS
- Crimes and Trials
- Education
- Charity and Volunteering
- Sept. 11 & Terrorism
- Religion
- Hurricane Katrina
BUSINESS NEWS
- Espionage & Intelligence
- Stock Markets
- U.S. Economy
- European Business & Economy
- Company Earnings
- Personal Finance
- Pharmaceutical Industry
- Real Estate Industry
POLITICS NEWS
- George W. Bush
- U.S. Military
- U.S. House of Representatives
- U.S. Senate
- U.S. Congress
- Democratic Party
- Republican Party
TECHNOLOGY NEWS
- Internet
- Personal Technology
- Linux/Open Source
- Mobile & Wireless
- Enterprise
- Software
- Apple/Macintosh
- Cellular Phones
- Computer Security, Viruses & Worms
- Digital Photography
- RSS & Blogging
- Semiconductor Industry
- Digital Video & TV Technology
- Microsoft
- Video Games
- Digital Music
- Portals and Search Engines
- Spam
SPORTS NEWS
- NFL
- NBA
- WNBA
- NHL
- NCAA Football
- NCAA Basketball
- NCAA Baseball
- NCAA Hockey
- World Soccer
- Tennis
- Motor Sports - NASCAR
Blogroll