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Stories related to: US economy

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Stories 41 - 60 of 220

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  • February 2008

    • Dollar Gains Slightly Against the Euro

      newser  |  Associated Press  |  Feb 25, 08 5:34 AM CST

      Dollar Gains Slightly Against the Euro

      European markets saw the US dollar edge higher against the euro, yen and British pound today as traders looked for clues as to whether the US economy would avoid a recession, reports the Associated Press. Today’s report on January sales of existing homes will likely cast some light on whether the subprime virus will continue to drag the economy down. More »

      Tags

      US economy  • US dollar  • euro  • housing  • currency exchange  • pound

    • One-Man Beer Outfits Take Brewing Micro Indeed

      newser  |  Portfolio  |  Feb 24, 08 12:20 PM CST

      One-Man Beer Outfits Take Brewing Micro Indeed

      Some so-called “microbreweries” have grown much too large to use that sobriquet, but as certain outfits outgrow the label, others are just growing into it. Portfolio 's Lew Bryson introduces the future of beer: one-man brewing. In a market where once-boutique names like Sam Adams and Sierra Nevada now command significant share, ultra-small operations have distinct advantages—and disadvantages. More »

      Tags

      US economy  • San Francisco  • beer  • Pennsylvania  • small business  • brewery  • Portland, Oregon  • microbrewing  • Sierra Nevada  • Portland, Maine

    • 'Retail Renting' or Stealing? Stores Crack Down

      newser  |  Boston Globe  |  Feb 22, 08 5:42 PM CST

      'Retail Renting' or Stealing? Stores Crack Down

      It’s called “wardrobing” or “retail renting,” when a consumer buys, uses, and then returns merchandise, and the National Retail Federation says it’s growing more popular with shoppers, the Boston Globe reports. It's also becoming a bigger headache for merchants as the economy tightens and businesses work harder to keep customers. The NRF reports a 10% growth in the practice in 2007. More »

      Tags

      US economy  • retail sales  • Best Buy  • JCPenney  • shoppers  • wardrobe

    • Poll Sees Texas Dead Heat, Slight Clinton Lead in Ohio

      newser  |  Washington Post  |  Feb 22, 08 4:35 AM CST

      Poll Sees Texas Dead Heat, Slight Clinton Lead in Ohio

      Hillary Clinton and Barack Obama are running neck and neck in Texas, while Clinton holds a significant but tenuous lead in Ohio, according to a Washington Post- ABC News Poll. Heading into the crucial March 4 primaries, Clinton leads Obama 48% to 47% in Texas, and 50% to 43% in Ohio . More »

      Tags

      Barack Obama  • Hillary Clinton  • Iraq  • US economy  • Democrats  • Texas  • Ohio  • primary  • African-American voters  • caucus  • Hispanic  • independents  • senior citizens  • Latinos  • Washington Post ABC poll  • white men

    • Fed Sees Slower Growth, Higher Unemployment

      newser  |  New York Times  |  Feb 20, 08 6:58 PM CST

      Fed Sees Slower Growth, Higher Unemployment

      The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices rising, putting the Fed in a tricky spot as it weighs another rate cut against fears of inflation. More »

      Tags

      US economy  • Federal Reserve  • recession  • Ben Bernanke  • inflation  • interest rate  • unemployment

    • Inflation Spikes, Cut in Jeopardy

      newser  |  Wall Street Journal  |  Feb 20, 08 9:04 AM CST

      Inflation Spikes, Cut in Jeopardy

      Core inflation bounded ahead of expectations in January, which is bad news for anyone betting on a big rate cut from the Fed–and for the Fed itself. The consumer price index rose 0.4%, with core CPI rising 0.3%, putting the year-over-year figures at 4.3% and 2.5% respectively, well above the Fed’s traditional 1.5%-2% comfort zone, the Wall Street Journal reports. More »

      Tags

      US economy  • Federal Reserve  • Ben Bernanke  • inflation  • interest rate cut  • core inflation  • Consumer Price Index

    • Silicon Valley Deletes Middle-Income Jobs

      newser  |  New York Times  |  Feb 19, 08 4:23 PM CST

      Silicon Valley Deletes Middle-Income Jobs

      Silicon Valley is bleeding middle-income jobs, the New York Times reports. Clerks, secretaries, service reps and others earning $30,000 to $80,000 a year fell from 52% to 46% of workers from 2002 to 2006, according to a new report. The trend threatens the region's upward-mobility track, one author of the 2008 Index of Silicon Valley report said: “If you lose the middle, it’s harder to support the top." More »

      Tags

      US economy  • Silicon Valley  • job  • employment  • middle class  • tech industry

    • Fed Quietly Loans Billions to US Banks

      newser  |  Financial Times (UK)  |  Feb 19, 08 11:10 AM CST

      Fed Quietly Loans Billions to US Banks

      US banks, struggling with liquidity and hesitant to lend to each other in the wake of the subprime crisis, have hit up the Fed for nearly $50 billion, the Financial Times reports. The loans, issued under a 2-month-old program that, one analyst says, lets them "borrow money against all sort of dodgy collateral,” are fueling fears that the banking crisis is deeper than previously believed. More »

      Tags

      US economy  • Federal Reserve  • subprime crisis  • banking  • liquidity

    • Stocks Sink on Fed Comments

      newser  |  MarketWatch  |  Feb 14, 08 3:46 PM CST

      Stocks Sink on Fed Comments

      The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,332.54, and the S&P 500 fell 18.35 to 1,348.86. More »

      Tags

      US economy  • Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • interest rate

    • Bernanke Suggests Rate Cuts Ahead

      newser  |  Wall Street Journal  |  Feb 14, 08 9:20 AM CST

      Bernanke Suggests Rate Cuts Ahead

      Federal Reserve Chairman Ben Bernanke signaled today that further interest rate cuts might be necessary, citing continuing fallout from the credit and housing market collapses, reports the Wall Street Journal . Bernanke told the Senate Banking Committee he expected "a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year as the effects of monetary and fiscal stimulus begin to be felt." More »

    • The Playbook for a Comeback

      newser  |  Washington Post  |  Feb 13, 08 12:43 PM CST

      The Playbook for a Comeback

      Can she get back on her feet before she’s counted out? The Washington Post’s Chris Cillizza asked Democratic strategists how Hillary Clinton could regain momentum in her faltering campaign. The four-point play: Follow Bill’s “It’s the economy, stupid” lead: Put out a "white paper" talking up the first Clinton fiscal boom. It’ll play well in Ohio and Pennsylvania. More »

      Tags

      Hillary Clinton  • US economy  • Bill Clinton  • Democratic nomination  • Wisconsin  • blue-collar vote  • Obama-mentum

    • Soaring Costs Force Workers Out of Key West

      newser  |  Los Angeles Times  |  Feb 10, 08 5:58 PM CST

      Soaring Costs Force Workers Out of Key West

      High Key West housing costs are sparking an exodus of residents and leaving the island's tourists with too few people to serve them, the Los Angeles Times reports. Some 2,000 workers have fled in the past 7 years, a crushing blow to a county that houses 75,000 residents but serves 2.25 million overnight tourists each year. More »

      Tags

      US economy  • workers  • housing industry  • service industry  • Florida Keys

    • Consumers Cut Credit Card Spending

      newser  |  Wall Street Journal  |  Feb 8, 08 10:49 AM CST

      Consumers Cut Credit Card Spending

      Americans may be falling out of love with their credit cards, the Wall Street Journal reports, and banks seem to be returning the sentiment. As more and more consumers are delinquent on their payments, banks in turn are tightening borrowing standards, making it harder for them to extend their credit. A slowdown in consumer borrowing is already occurring, the Fed reported yesterday, and economists fear a further spending pullback. More »

      Tags

      US economy  • consumer spending  • credit card

    • GOP Senators Block Dems' Stimulus Plan

      newser  |  Associated Press  |  Feb 6, 08 6:26 PM CST

      GOP Senators Block Dems' Stimulus Plan

      Democrats' efforts to expand a financial relief plan for Americans hit a roadblock in the Senate today, the AP reports. Republicans were able to stymie the bill, which they say is too expensive. Democrats hoped to add $40 billion to the plan that passed the House last week; it's now in limbo, but there's enormous political pressure to get it moving. More »

      Tags

      US economy  • Senate  • stimulus package  • tax rebate

    • Will That Be Cash or Cash?

      newser  |  New York Times  |  Feb 5, 08 9:20 AM CST

      Will That Be Cash or Cash?

      The collapsing housing market, shaky employment security, and uncertain economic outlook are changing Americans' buying habits: They’re paying with cash. Plastic has become synonymous with debt, helping revive the pay-as-you-go mentality, reports the New York Times . The change could have a major impact on an economy, and a culture, based on consumer credit. More »

      Tags

      US economy  • credit card  • consumer debt

    • Worry Over Economy Highest in 14-Plus Years

      newser  |  Washington Post  |  Feb 4, 08 11:35 AM CST

      Worry Over Economy Highest in 14-Plus Years

      Americans' concern over the domestic economy is at a level not seen in nearly 15 years, and voters doubt the Bush stimulus package will avert a recession, a new Washington Post -ABC News poll shows. Eight in 10 Americans rate the economy as "not so good" or "poor," and 39% say the economy and job security are their primary electoral concern. More »

      Tags

      US economy  • recession  • poll  • stimulus package

    • As US Job Growth Stalls, an Era Ends

      newser  |  BusinessWeek  |  Feb 4, 08 10:47 AM CST

      As US Job Growth Stalls, an Era Ends

      Workers who’ve lost a job are having a tougher time finding a new one as the economy contracts, marking an end to more than a decade and a half of rapid, sometimes phenomenal, US job growth, writes Business Week’s Peter Coy. The loss of 17,000 jobs in January, the first monthly decline since August 2003, raised concerns about job creation as well as recession. More »

      Tags

      US economy  • unemployment  • job

    • Pork Shortage Plagues China

      newser  |  Newsweek  |  Feb 3, 08 6:09 PM CST

      Pork Shortage Plagues China

      Pigjacking is China's latest crime. Sounds like a joke? Crooks are scoffing the swine thanks to a boom economy and a pig shortage that has hogs highly valued. With a record winter storm stranding thousands and sparking unrest, Beijing is dipping into its official pork preserve—hoping to calm a country that gets 65% of its protein from porkers, Newsweek reports. More »

      Tags

      China  • US economy  • markets  • pork  • pig  • grain

  • January 2008

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