RSS Feed Alerts
China's economy slows moderately (Reuters) (Jul-14, 21:49 EDT )-- Reuters - China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.
China says economic growth slowing (AP) (Jul-14, 21:37 EDT )-- AP - China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
New WH report claims more jobs from stimulus bill (AP) (Jul-14, 20:33 EDT )-- AP - The White House asserted Wednesday that the $862 billion stimulus law has been even better for the economically-struggling country than previously advertised.
Obama enlists Bill Clinton's aid on economy (Reuters) (Jul-14, 19:31 EDT )-- Reuters - U.S. President Barack Obama sought on Wednesday to lift sagging confidence in his economic stewardship by enlisting the help of predecessor Bill Clinton, as a leading business group issued a scathing critique of the administration's policies.
Rivalries and economy cloud Google expectations (Reuters) (Jul-14, 19:17 EDT )-- Reuters - Investors have muted expectations for Google Inc's second-quarter results, as economic clouds and shifts in the company's strategy dampened hopes that it will beat Wall Street estimates.
Calif. AG sues feds over renewable energy loans (AP) (Jul-14, 19:07 EDT )-- AP - State Attorney General Jerry Brown sued the federal government Wednesday, asking a judge to stop government-sponsored mortgage buyers from blocking a program that lets homeowners pay for energy-efficient improvements through increased property taxes.
Fed Lowers Targets For '10 GDP Growth รข€" Still Too Upbeat? (Investor's Business Daily) (Jul-14, 18:04 EDT )-- Investor's Business Daily - The Federal Reserve trimmed its growth forecasts while Wednesday's retail sales and other reports showed the economy slowed heading into the second half of the year.
Shipyard closure will shake New Orleans economy (AP) (Jul-14, 17:27 EDT )-- AP - The thousands of jobs that will vanish from the closure of Northrop Grumman Corp.'s shipyard at Avondale will leave a years-long dent on the Louisiana economy and likely prove nearly impossible to replace in the same numbers, economists said...
US Fed weighs new measures as recovery falters (AFP) (Jul-14, 17:02 EDT )-- AFP - The Federal Reserve revealed it was weighing new measures to keep the faltering US recovery on track Wednesday, warning jobs and growth will be tougher to regain than expected.
Companies spending more on tech but still cautious (AP) (Jul-14, 16:33 EDT )-- AP - Companies finally appear to be muscling up their spending on the most expensive kinds of computers after slashing budgets during the recession, but fears of more economic uncertainty are proving tough for the technology industry to shake.
Summary Box: Business inventories rise in May (AP) (Jul-14, 16:24 EDT )-- AP - INVENTORIES: Inventories held by businesses rose 0.1 percent in May, the fifth consecutive monthly increase. Businesses have been building up their stockpiles after slashing them during the recession.
Summary Box: Retail sales slip again in June (AP) (Jul-14, 16:07 EDT )-- AP - RETAIL SALES: Retail sales declined in June for the second straight month, falling 0.5 percent.
Fed hoped to limit fallout with European program (AP) (Jul-14, 15:57 EDT )-- AP - The Federal Reserve hoped reviving a crisis-era program in May would limit fallout to the United States from Europe's debt debacles.
Fears grow as millions lose jobless benefits (Reuters) (Jul-14, 15:50 EDT )-- Reuters - Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.
Calif. AG sues feds over renewable energy loans (AP) (Jul-14, 15:45 EDT )-- AP - State Attorney General Jerry Brown sued the federal government Wednesday, asking a judge to stop government-sponsored mortgage buyers from blocking a program that lets homeowners pay for energy-efficient improvements through their property taxes.
Fed eyes steps to bolster sputtering recovery (AP) (Jul-14, 15:43 EDT )-- AP - Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy worsens.
Autos and gasoline drag retail sales lower in June (Reuters) (Jul-14, 15:35 EDT )-- Reuters - Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.
Summary Box: Fed worries about slowing rebound (AP) (Jul-14, 15:35 EDT )-- AP - WORRIED ABOUT GROWTH: Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy takes a turn for the worst.
Fed paints weaker picture of growth and employment (AP) (Jul-14, 15:26 EDT )-- AP - Federal Reserve officials have a slightly dimmer view of the economy than they did in April, reflecting worries about how the European debt crisis could affect U.S. growth and job prospects.
New WH report claims more jobs from stimulus bill (AP) (Jul-14, 15:17 EDT )-- AP - The White House asserted Wednesday that the $862 billion stimulus law has been even better for the economically-struggling country than previously advertised.
Small business financial checkups get complicated (AP) (Jul-14, 15:12 EDT )-- AP - Small business owners who want to give their companies a midyear financial checkup may find it hard to forecast what the rest of the year will bring. It's not just the economy that's unpredictable, there's also uncertainty about the tax laws.
Dollar drops on US economic reports, Fed outlook (AP) (Jul-14, 15:04 EDT )-- AP - The dollar dropped Wednesday on disappointing U.S. economic news and the Federal Reserve's slightly weaker economic outlook.
Summary Box: Home loan applications down (AP) (Jul-14, 15:02 EDT )-- AP - MORTGAGE APPLICATIONS FALL: Applications for home loans dipped nearly 3 percent last week even though consumers were able to refinance at the lowest rates in decades, according to the Mortgage Bankers Association.
Dim retail sales hurt economy as Fed sees weakness (AP) (Jul-14, 14:41 EDT )-- AP - A second straight month of declining retail spending will likely keep unemployment high and help weaken the recovery.
Obama Meets With Buffett to Discuss Economy, Jobs (Jul-14, 14:35 EDT )-- July 14 (Bloomberg) -- President Barack Obama met today with Berkshire Hathaway Inc.'s Warren Buffett to discuss the economy, and he will confer separately with business leaders including Bank of America Corp. Chief Executive Officer Brian Moynihan and...
US Fed weighs new measures as recovery falters (AFP) (Jul-14, 14:28 EDT )-- AFP - The Federal Reserve revealed Wednesday it was weighing new measures to keep the faltering US recovery on track, while warning of worse-than-expected unemployment and growth rates this year.
Oil settles lower after Fed revises outlook (AP) (Jul-14, 14:27 EDT )-- AP - Oil prices drifted lower Wednesday after the Federal Reserve lowered its forecast for U.S. economic growth this year.
How Fed's policymakers hold power over your purse (AP) (Jul-14, 14:04 EDT )-- AP - The Federal Reserve's chief policymaking group last met June 22-23, and the minutes of that meeting were released Wednesday.
A look at global economic developments (AP) (Jul-14, 13:52 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Wednesday:
Fed: Should consider more easing if outlook worsens (Reuters) (Jul-14, 13:43 EDT )-- Reuters - Federal Reserve officials felt last month they should be ready to consider additional steps to boost the U.S. economy if an already softening outlook took a noticeable turn for the worse.
PersonalFinance: The lure of low mortgage rates (Reuters) (Jul-14, 11:27 EDT )-- Reuters - Three straight weeks of record low mortgage interest rates has spurred another refi boom. That's understandable: The idea of locking in 4.5 percent for 30 years is really tempting.
White House searching for a way to reconnect with voters over economy (Jul-14, 10:40 EDT )-- Eighteen days into President Obama's term, White House press secretary Robert Gibbs fielded questions about a campaign-style swing Obama was about to make through Indiana and Florida on behalf of the American Recovery and Reinvestment Act, then pending...
Autos, gasoline drag retail sales lower in June (Reuters) (Jul-14, 09:52 EDT )-- Reuters - Sales at retailers fell for a second straight month in June on weak receipts at automotive dealers and gasoline stations, further evidence the economic recovery has slowed in the past few months.
Recovery could be rocky as demand for financing grows into 'wall of debt' (Jul-14, 09:45 EDT )-- It has been dubbed the "wall of debt." A massive wave of borrowing will start cresting this year when the U.S. and European governments sell an estimated $4 trillion in new bonds. The surge will course through the world financial system for several...
Featured Advertiser (Jul-14, 09:45 EDT )
Business inventories up in May but sales decline (AP) (Jul-14, 09:24 EDT )-- AP - Inventories held by businesses rose for a fifth consecutive month in May but sales dropped for the first time in more than a year.
Business group accuses Obama of neglecting jobs (Reuters) (Jul-14, 09:19 EDT )-- Reuters - One of the most influential U.S. business groups accused President Barack Obama on Wednesday of neglecting job creation and sowing economic uncertainty with burdensome tax and regulatory policies.
Retail sales drop 0.5 percent in June (AP) (Jul-14, 09:10 EDT )-- AP - Retail sales fell in June for the second straight month, more evidence that the recovery will slow in the second half of the year.
White House claims rescue effort saved three million jobs (AFP) (Jul-14, 09:08 EDT )-- AFP - President Barack Obama's White House will argue Wednesday that its policies have saved or created three million US jobs, as it battles to convince Americans the economic recovery remains on track.
US retail sales fall for second month (AFP) (Jul-14, 08:46 EDT )-- AFP - US retail sales fell more than expected in June for a second straight month, the government said Wednesday, underscoring concerns of slower growth in the world's largest economy.
Obama aides say stimulus saved millions of jobs (Reuters) (Jul-14, 08:37 EDT )-- Reuters - Aides to U.S. President Barack Obama will aim on Wednesday to lift sagging confidence in their economic leadership by arguing that their policies are creating millions of jobs and spurring private investment.
Home loan applications down 2.9 pct. (AP) (Jul-14, 08:36 EDT )-- AP - Applications for home loans dipped last week even though consumers were able to refinance at the lowest rates in decades.
Fed's Hoenig says recovery will take time: TV (Reuters) (Jul-14, 08:10 EDT )-- Reuters - Kansas City Federal Reserve President Thomas Hoenig on Wednesday said that the U.S. economy will continue to recover, but it will take time to reach the Fed's targets for minimal unemployment and inflation.
Growth outlook cut running into next year (Reuters) (Jul-14, 08:02 EDT )-- Reuters - Recent evidence the economic recovery may be slowing has prompted analysts to scale back their expectations for the pace of growth into next year, a Reuters poll showed.
Fears grow as millions lose jobless benefits (Reuters) (Jul-14, 07:37 EDT )-- Reuters - Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.
Ahead of the Bell: Intel shares jump (AP) (Jul-14, 07:13 EDT )-- AP - Intel Corp.'s shares got a boost in premarket trading Wednesday after the world's largest chip maker posted stronger-than-expected results for its second quarter, boosted by an uptick in technology spending as companies emerge from the economic...
Home-buying applications sink to 13-year low (Reuters) (Jul-14, 06:01 EDT )-- Reuters - Demand for loans to purchase U.S. homes sunk to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.
Home-buying applications sink to 13-year low (Reuters) (Jul-14, 06:01 EDT )-- Reuters - Demand for loans to purchase U.S. homes sunk to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.
Watchdog: Small banks struggling despite bailouts (AP) (Jul-14, 05:33 EDT )-- AP - To the list of economic woes squeezing small banks, add another one: government bailouts.
Ahead of the Bell: Retail Sales (AP) (Jul-14, 05:20 EDT )-- AP - Retail sales likely fell again in June, raising new worries over the strength of the economic rebound.
Eurozone industrial output up for 3rd month in May (AP) (Jul-14, 04:33 EDT )-- AP - Industrial output in the 16 countries that use the euro rose for the third month running in May, official figures showed Wednesday, but the increase was slightly lower than anticipated by the markets.
Want to stop these emails? You can easily UNSUBSCRIBE
New: Youtube alerts! Get alerts when your favorite video is posted on Youtube.
New: You can now view your alerts online and in RSS!
* Hint: You can also receive separate emails for each category (health, recalls, etc.)