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September 5, 2008 4:09:35 AM CDT


Stories related to: US economy

Stories

Stories 201 - 220 of 229

  • June 2007
    • Dutch Do Pensions Right

      Dutch Do Pensions Right

      (Newser) - Governments around the world are stuck between tightfisted Anglo-American pension plans that pay only a fraction of one's past salary, and extravagant European-style social security that ends up welshing on the payments. But the Dutch have struck a balance that's working, reports Time , as sufficient amounts of money are saved up and invested skillfully. More »

      Tags

      US economy   Europe   money   retirement   Social Security   Netherlands   world economy   pensions   retirees   profits

    • CPI Registers Spring Spike

      CPI Registers Spring Spike

      (Newser) - The consumer price index jumped 0.7% in May, riding high energy prices to its second-biggest spike in 16 years. But the volatile food and energy sectors appeared not to disrupt the rest of the economy, MarketWatch reports. The core CPI, which excludes food and gas prices, rose only 0.15%, just enough below 0.2% forecasts to calm inflationary fears. More »

      Tags

      US economy   Federal Reserve   Wall Street   Ben Bernanke   inflation   finance   core inflation   Consumer Price Index   interest

    • Home Foreclosures Hit Record

      Home Foreclosures Hit Record

      (Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report released yesterday by the Mortgage Bankers Association. More »

      Tags

      US economy   subprime mortgages   foreclosure   mortgage   Michigan   Ohio   real estate   Indiana   borrowers   economic growth   homes   Mortgage Bankers Association   Great Depression

    • Mortgage Trouble Rattles Wall Street

      Mortgage Trouble Rattles Wall Street

      (Newser) - Bear Stearns posted a 10% drop in quarterly earnings today, the latest victim of the subprime collapse. The country's second-largest mortgage-bond underwriter posted profits well below expectations, down nearly 33% from last year to $362 million. Goldman Sachs escaped bruised but more-or-less unscathed, with profits up 1% on the strength of its banking division. More »

      Tags

      US economy   subprime mortgages   business   Bear Stearns   earnings reports   Goldman Sachs   finance   investment bank   equity trading

    • Collapse Looms in Zimbabwe

      Collapse Looms in Zimbabwe

      (Newser) - Zimbabwe could suffer a full structural collapse in the next few months, the BBC reports. According to a memo distributed to aid workers, shops may resort to barter and utilities may shut down entirely in the country, on account of unbridled inflation that's already the world's highest at 3,714%. More »

      Tags

      US economy   Zimbabwe   Robert Mugabe   Africa   inflation

    • Dow Falls as Bond Yields Soar

      Dow Falls as Bond Yields Soar

      (Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less attractive to investors. More »

      Tags

      US economy   Dow Jones   stocks   money   finance   trade   bonds

    • Hot LBO Market Takes Hit

      Hot LBO Market Takes Hit

      (Newser) - The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt after soft quarters. More »

      Tags

      US economy   business   acquisitions   merger   debt   privatization   takeovers   LBOs   leveraged buyouts   Avista Capital Partners

    • Inflation-Free Growth Is Too Good to Last

      Inflation-Free Growth Is Too Good to Last

      (Newser) - Globalization and access to low-cost labor has allowed the world economy to grow without high inflation, but this economist's dream may soon end, the Wall Street Journal predicts in a cautionary report. Demand for everything from workers to lumber is increasing, raising prices—and the prospect of higher inflation. More »

      Tags

      US economy   inflation   interest rate   globalization   labor   global economy

    • Dow Closes Down 80.86 on Inflation Scare

      Dow Closes Down 80.86 on Inflation Scare

      (Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high . "There are a lot of little things out there that are scaring the market," a trader told the Wall Street Journal. More »

      Tags

      US economy   Federal Reserve   stock market   Dow Jones   Ben Bernanke   stocks   merger   retail   profits   corporate

  • May 2007
    • A Steak-House View of the Economy

      A Steak-House View of the Economy

      (Newser) - High-end steak houses like Ruth's Chris and Peter Luger are a great place to study trends affecting the US economy, argues Slate 's Daniel Gross. The price of sirloin, for instance, reflects the recent spike in energy prices, as demand for ethanol has raised the price of corn, which is what Gross calls a major "input" into that side of beef. More »

      Tags

      US economy   business   energy   ethanol   economics   economic indicators   beef   energy prices   steak

    • Interest Rate Cut Triggers Panic in Iran

      Interest Rate Cut Triggers Panic in Iran

      (Newser) - Iran's erratic president has set off a stock market scare by ordering banks to slash interest rates, despite high inflation and lots of expert advice to the contrary. The move sparked panicked selling and fears of a full-blown financial crisis, the Guardian reports. The new decreed rate is 12%, down from 14% at state banks and 17% to 28% at private ones. More »

      Tags

      Iran   US economy   stock market   Mahmoud Ahmadinejad   interest rate   finance   bank   interest rate cut

    • Top Executive Salaries Soar

      Top Executive Salaries Soar

      (Newser) - The top bananas of the corporate world are taking in more income in relation to their immediate subordinates than ever before, the Times reports. Wealth is concentrating among the business elite but staying somewhat stagnant among more middling execs—the average gap between #1 and #3 has more than tripled over the last 30 years. More »

      Tags

      US economy   money   economics   wealth   CEO   income   wages   executive compensation

    • Monthly Housing Sales Jump

      Monthly Housing Sales Jump

      (Newser) - The real estate market had a volatile April, with home sales rising at their fastest rate in 14 years. But the 16% spike in sales over the previous month hid a more complicated reality: New home prices dropped by a record 11%, according to Commerce Department figures released today, and builder confidence remains low. More »

      Tags

      US economy   housing market   real estate   housing   economic indicators   durable goods

    • China Deals on Finance, Skips Currency

      China Deals on Finance, Skips Currency

      (Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows American investors to purchase larger amounts of Chinese stock. More »

      Tags

      China   US economy   Henry Paulson   finance   reform   currency   stock   yuan   Wu Yi

    • Booming India Is Starved for Power

      Booming India Is Starved for Power

      (Newser) - India's economy is growing so fast it has outstripped its electrical capacity, leaving burgeoning businesses, industries and homes to generate their own power with soot-belching diesel-powered generators for hours every day. Half of India's populace has no connection to the grid at all, and new construction often goes up without any plan for supplying electricity. More »

      Tags

      US economy   India   energy   electricity   alternative energy   nuclear power   power   coal   power grid

    • China Loosens Up on Yuan

      China Loosens Up on Yuan

      (Newser) - Just days before a meeting with US Treasury Secretary Henry Paulson, China is taking baby steps toward letting its currency trade more freely. The government also raised interest rates and the reserve on bank loans today, signaling concern over the country's red-hot economy. China's trade surplus—which some American politicos say the undervalued yuan fuels—rose 74% last year. More »

      Tags

      China   US economy   Henry Paulson   money   bank   trade   currency   yuan

    • Wal-Mart Posts Record Sales Decline

      Wal-Mart Posts Record Sales Decline

      (Newser) - Wal-Mart reported a 3.5% decline in sales this April, the wost monthly result the retailer has announced in nearly three decades of announcing. The figures, for stores open at least a year, reflect an early Easter, bad weather, and a rejiggered sales calendar that gave Wal-Mart positive numbers in March. More »

      Tags

      US economy   housing market   Wal-Mart   retail   shopping

    • Fed Holds Interest Rates Steady

      Fed Holds Interest Rates Steady

      (Newser) - The Fed held the benchmark interest rate steady at 5.25% today in an unsurprising statement that prompted little reaction from the market. The unanimous vote reflects concerns about a faltering housing market, slowed growth, and persistent fears about core inflation, which the Fed continues to consider "somewhat elevated." More »

      Tags

      US economy   Federal Reserve   housing market   Ben Bernanke   inflation   interest rate

    • Home Prices Boom, In Select Cities

      Home Prices Boom, In Select Cities

      (Newser) - Despite the real estate slump, several cities are seeing double-digit gains in housing prices: Portland, Boise, Seattle, Salt Lake City, Houston, Austin, Charlotte and Raleigh aren't feeling the bubble blues—in part because they missed out on the bubble. More »

      Tags

      US economy   housing market   real estate   housing   growth

  • April 2007
    • Layoffs Sink Stock Prices, Says Study

      Layoffs Sink Stock Prices, Says Study

      (Newser) - Economists have long doubted the precept that cutting a company's payroll will lead to a spike in its stock price. But try telling that to CEOs, who are still trying to emulate the turnarounds achieved by G.E. and Proctor & Gamble. Now, a study reveals that markets actually have "a significantly negative" reaction to downsizing. More »

      Tags

      US economy   stock market   business   Citigroup   economics   layoffs   Proctor

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