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Tag Archives: Recession

Wal-Mart 2Q profit rises 5.7 pct, raises outlook

NEW YORK — Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world’s largest retailer continues to woo back frugal shoppers by re-emphasizing it has the lowest ...

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Consumer prices steady, but drought could mean hikes

WASHINGTON — U.S. consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn’t increased since March, evidence that the weak economy is keeping inflation in ...

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Bernanke says many struggle despite U.S. recovery

WASHINGTON — Federal Reserve Chairman Ben Bernanke says data that show the U.S. economy in recovery doesn’t fully capture the tough times felt by many. Bernanke says that while measures of consumer spending, income and wealth point to improvement, “many ...

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