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Investors are betting on bold step from Fed
WASHINGTON — If the world’s investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy. And many expect the […]
Employers posted fewer open jobs in July
WASHINGTON — U.S. employers posted fewer jobs in July than in June, the latest evidence that hiring is weak. Job openings fell to a seasonally adjusted 3.67 million, the Labor […]
China’s imports shrink in sign downturn worsening
BEIJING — China’s imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new […]
Weak job growth makes bold Fed action more likely
WASHINGTON — U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy‘s persistent weakness and slowing prospects for the unemployed. The unemployment rate fell to […]
Service firms grew at faster pace in August
WASHINGTON — U.S. service companies expanded at a faster pace in August than July, helped by stronger hiring. The growth at firms that employ roughly 90 percent of the work […]
Factory orders rose 2.8 percent in July
WASHINGTON — Orders to U.S. companies rose in July, reflecting a surge in demand for autos and commercial aircraft. But in a troubling sign of manufacturing weakness, a key orders […]
Consumer spending rose 0.4 percent in July
WASHINGTON — Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy […]
Fed survey finds moderate growth during summer
WASHINGTON — The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year. Slightly […]
Economy grew at 1.7 percent rate in 2nd quarter
WASHINGTON — The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year. Slightly […]
Most Americans say the rich don’t pay enough taxes
WASHINGTON — As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are […]
Drop in key U.S. durable goods orders shows weakness
WASHINGTON (AP) — Signs that U.S. manufacturing is faltering emerged from a report Friday that orders for long-lasting factory goods, excluding the volatile transportation category, fell in July for the […]
Average on 30-year mortgage up to 3.66 percent
WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this […]
