economics

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Bernanke may nod to weaker outlook, omit details (Reuters)

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Reuters - Federal Reserve Chairman Ben Bernanke will have to address a number of pressing issues in a speech on Friday as investors search for more clarity on how close the U.S. central bank might be to another asset-buying spree to support the flagging recovery.

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Dollar moves narrowly ahead of Bernanke speech (AFP)

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AFP - The dollar was range-bound against other currencies in Asia on Friday ahead of a speech from Federal Reserve chairman Ben Bernanke and amid worries over the world's top economy, dealers said.

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U.S. growth seen revised down on imports and inventories (Reuters)

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Reuters - U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.

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Created by ajjack 1 week 12 hours ago
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Asian shares sluggish on US nervousness, Japan woes (AFP)

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AFP - Asian stock markets were sluggish on Friday following a lacklustre session on Wall Street and mixed economic data from Japan.

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AP ENTERPRISE: Oil cleanup both bonanza and bust (AP)

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AP - The Gulf oil spill is a bonanza for some and a bust for others.

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Created by ajjack 1 week 12 hours ago
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All eyes on Fed chief as US economy slows (AFP)

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AFP - Federal Reserve chief Ben Bernanke will offer a fresh assessment Friday of the weakening US economy as the government is expected to slash nearly half of projected growth for the second quarter.

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Created by solarsoldier 1 week 12 hours ago
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Japan's jobless rate falls, but deflation persists (AP)

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AP - Japan's government released a mixed bag of economic indicators Friday that did little to inspire confidence in the country's fragile recovery.

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Created by Tourist24 1 week 12 hours ago
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Snapshot of economy about to get a lot bleaker (AP)

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AP - The government is about to confirm what many people have felt for some time: The economy barely has a pulse.

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Created by NiveaWoman 1 week 12 hours ago
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Dollar loses ground against key currencies (AFP)

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AFP - The dollar fell back against most key currencies on Thursday as traders braced for more negative US economic data.

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US indicts ex S.Korean airline execs for price fixing (AFP)

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AFP - Two former Asiana Airlines executives were indicted in New York on Thursday for a price-fixing scheme involving economy class airfares for travel between the United States and South Korea.

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Home prices climb on tax credit push (Reuters)

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Reuters - Single-family home prices unexpectedly climbed in April from March, driven by a final sales push before tax credits expired, but signs of a sustained recovery have yet to emerge, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

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Created by Cafferina 9 weeks 3 days ago
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Global markets plunge on renewed growth fears (AFP)

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AFP - Stock markets in Europe and the United States fell hard Tuesday, following earlier losses in Asia, on news of a surprising erosion in US consumer confidence that sparked fears for global recovery.

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Created by webdesigner 9 weeks 3 days ago
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Obama: US economy 'strengthening' despite weak data (AFP)

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AFP - President Barack Obama, with Federal Reserve chairman Ben Bernanke at his side, insisted the US economy was "strengthening" Tuesday despite foreboding data and a fresh stock market slump.

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Created by ABCdesign 9 weeks 3 days ago
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Consumer confidence tumbles in June (AP)

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AP - Americans, worried about jobs and the sluggish economic recovery, are losing confidence, causing a widely watched index to tumble in June and raising concerns about consumer spending in the critical months ahead.

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Created by Scott.Patric 9 weeks 3 days ago
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Japan's economic recovery falters in May (AP)

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AP - Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate unexpectedly rose for a third straight month.

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Created by Karmella 9 weeks 3 days ago
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UK FTSE index plunges more than 3% (AFP)

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AFP - The London stock market dived by more than 3.0 percent on Tuesday, mirroring steep losses elsewhere on the back of weak US data and mounting global economic jitters, dealers said.

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Created by mark 9 weeks 3 days ago
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Obama, Bernanke agree U.S. economy strengthening (Reuters)

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Reuters - President Barack Obama on Tuesday expressed confidence that financial regulation legislation will be approved by Congress as he and Fed Chairman Ben Bernanke discussed the need to increase U.S. jobs.

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Created by Gabriel 9 weeks 3 days ago
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Wal-Mart names new U.S. CEO amid slumping sales (Reuters)

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Reuters - Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment.

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Created by TexasNews 9 weeks 3 days ago
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A look at global economic developments (AP)

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AP - A look at economic developments and activity in major stock markets around the world Tuesday:

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Created by Karmella 9 weeks 3 days ago
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Oil prices plummet on concerns about US demand (AP)

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AP - Oil prices plummeted Tuesday as ebbing consumer confidence in the economic recovery set off concerns about gasoline demand for the busy summer season.

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Created by grandma 9 weeks 3 days ago
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