After a year dominated by job losses, the first month of job growth since March is good news for Maryland, a Baltimore economist said.Read More »
WASHINGTON — The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend. The Fed said it will spend ...Read More »
JACKSON HOLE, Wyo. — Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy. His remarks seemed to leave two questions: What exactly will the Fed do? And when? ...Read More »
WASHINGTON — U.S. economic growth slowed to an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The weaker growth adds to worries that the economy could be stalling three years after ...Read More »
LONDON — A disappointing U.S. retail sales report weighed on stock markets Monday but helped the euro clamber off two-year lows against the dollar. The U.S. Commerce Department reported that retail sales fell 0.5 percent in June from the previous ...Read More »
WASHINGTON — The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row. ...
Tagged with: Ben Bernanke China consumers Economy employees employers European Central Bank federal reserve hiring interest rates job market jobs Labor Department mitt romney Stocks Unemployment unemployment rate wagesRead More »
WASHINGTON — Consumer spending edged up modestly in April but personal income growth was the slowest in five months, raising concerns about the ability of Americans to keep spending in the future. Consumer spending increased 0.3 percent in April following ...Read More »
NEW YORK — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism. Worries about jobs, housing and the ...
Tagged with: conference board consumer confidence consumer confidence index dow jones industrial average Economy europe hiring housing job market Retail standard & poor's stock market Unemployment unemployment rateRead More »
As a work group prepares to consider expanded gambling in Maryland in its first meeting next week, the developer of the Maryland Live! casino at Arundel Mills mall says the state is already facing slots over saturation. Here’s a few other ...Read More »
LOS ANGELES — The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report. Some 5.78 percent of the nation’s mortgage holders ...Read More »