US Economy news

U.S. Stocks Decline

Thu, 01 Oct 2015 15:34:48 +0000

U.S. stocks limped into October, following the worst quarter for benchmark indexes since 2011.

Global economy loses steam as Chinese, European factories falter

Thu, 01 Oct 2015 15:20:52 +0000

By Sumanta Dey and Andy Bruce BENGALURU/LONDON (Reuters) - World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and U.S. activity steady. "The data probably increases the case for more stimulus in certain parts of the world, especially from the People's Bank of China and the European Central Bank," said Philip Shaw, economist at Investec in London. "Those economies that are at less advanced paths of the recovery cycle -- the key example is the euro zone, where we're looking at more disinflation -- may well find more stimulus is in order." CHINA MANUFACTURING STILL CONTRACTING Surveys of China's factory and services sectors showed the world's second largest economy may be cooling more rapidly than earlier thought, with deeper job cuts.

FDA Approves Bristol-Myers' Yervoy, Opdivo for Treatment of Melanoma

Thu, 01 Oct 2015 15:02:28 +0000

The U.S. Food and Drug Administration approved the first therapy combining two cutting-edge cancer drugs that unleash the body’s immune system against tumors.

U.S. factories, labor market give conflicting signals

Thu, 01 Oct 2015 14:43:28 +0000

By Jason Lange WASHINGTON (Reuters) - The pace of growth at U.S. factories slowed in September while new jobless claims pointed to a tightening labor market, giving mixed messages on the economy's health that could complicate the Federal Reserve's plans to raise interest rates. The Institute for Supply Management (ISM) said on Thursday its index of national factory activity fell to 50.2, its lowest since May 2013 and just below the median forecast in a Reuters poll. More recently, a slowdown in China has sent a chill throughout the global economy, and the Fed cited concerns about global growth and financial market volatility last month when it held off on hiking rates, surprising much of Wall Street.

U.S. Auto Sales Surge in September

Thu, 01 Oct 2015 14:39:35 +0000

September U.S. auto sales jumped as the addition of Labor Day weekend deals sweetened results for the Big Three auto makers, who all turned in double-digit percentage increases.

Wall St. opens higher; data awaited

Thu, 01 Oct 2015 13:38:29 +0000

(Reuters) - Wall Street opened slightly higher on Thursday after surveys showed Chinese manufacturing activity was stronger than feared and investors awaited a raft of U.S. economic data.

First Data IPO to Raise Up to $3.68 Billion

Thu, 01 Oct 2015 11:53:41 +0000

Payment-processing giant First Data said it would raise up to $3.68 billion in its upcoming initial public offering, marking the biggest U.S. listing this year.

Why Apple and Nike Can Buck China Slowdown

Thu, 01 Oct 2015 08:52:28 +0000

China is increasingly a two-speed economy. That helps explain why some U.S. companies are thriving there while others falter.

Executive Compensation: Is Planned Parenthood’s President Overpaid?

Thu, 01 Oct 2015 00:47:54 +0000

Cecile Richards is in the top 1 percent of all earners in the United States, but among people running similar organizations, her pay is below average.

Third-Quarter Earnings: There's No Place Like Home

Wed, 30 Sep 2015 21:43:42 +0000

A tough global environment weighed on earnings in the third quarter, but U.S. companies will try to make the hit seem less severe.

Wonkblog: Yellen sticks to plan to hike interest rates this year

Thu, 24 Sep 2015 21:52:55 +0000

Federal Reserve Chair Janet Yellen on Thursday argued that the U.S. recovery is unlikely to be bogged down by the sluggish global economy and reiterated plans to begin withdrawing the central bank’s extraordinary stimulus this year.Read full article >>

Fed leaves interest rate unchanged, citing global economic risks

Fri, 18 Sep 2015 00:40:00 +0000

The Federal Reserve said Thursday that the U.S. economy faces new threats from abroad and needs continued support to grow, backing away from expectations that the moment had come to raise interest rates for the first time in nearly a decade.Read full article >>

Wonkblog: Federal Reserve keeps key interest rate at zero, citing global turmoil

Thu, 17 Sep 2015 19:31:29 +0000

The Federal Reserve on Thursday voted to maintain its unprecedented support for the U.S. recovery, leaving a key interest rate unchanged amid gathering clouds over the global economy. In an official statement, the nation’s central bank said the job market is recovering and hiring is “solid.” But it expressed concern that inflation remains too low and exports have weakened. Meanwhile, the risk is building that turmoil overseas will drag down growth in America. Read full article >>

Wonkblog: U.S. economy faces perilous autumn with threats in Washington and from abroad

Mon, 14 Sep 2015 10:00:48 +0000

The U.S. economy is entering an uncertain and perilous autumn, facing risks from abroad and from policymakers in Washington in what promises to be another tumultuous chapter in the nation's slow-going recovery.Read full article >>

Wonkblog: Unemployment rate falls to 5.1 percent, but Americans are not finding pay increases

Fri, 04 Sep 2015 13:15:00 +0000

In the year that the U.S. economy was supposed to take off, an odd thing has happened: Americans are finding new jobs, but they aren’t finding employers willing to dole out meaningful pay increases.It’s the tension at the center of an economy that is only growing more perplexing as it enters a perilous autumn.Read full article >>

Wonkblog: Slowdown in global economy threatens U.S.

Wed, 02 Sep 2015 14:19:27 +0000

The stolid U.S. expansion has been driving the world economy this year, helping to offset a slowdown in China and emerging economies that once fueled global growth.A private survey of the American job market released Wednesday morning showed the country added 190,000 jobs in August, up from the previous month. Most of the hiring came from small- and medium-sized businesses, and many of the positions were in professional fields and in trade, transportation and utilities.Read full article >>