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    U.S. Economy Headlines
    Think gas prices are high? Try $11 in Turkey (AP)

    Cars drive to a petrol station advertising: 'Low Prices', in Anglet, southwestern France, Wednesday, May, 28,  2008. Consumers, gas retailers and governments are wrestling with a new energy order, where rising oil prices play a larger role than ever in the daily lives of increasingly mobile world citizens. (AP Photo/Bob Edme)AP - Americans are shell-shocked at $4-a-gallon gas. But consider France, where a gallon of petrol runs nearly $10. Or Turkey, where it's more than $11.


    -- read full article
    Fri, 30 May 2008 23:22:22 GMT - Yahoo! News: Economy News
    High gas prices hit consumers worldwide (AP)

    Map shows the price of a gallon of gas in dollars in select countries around the world; 3c x 3 3/4 inches; 146 mm x 95.3 mmAP - Feeling woozy about the fortune you've just pumped into your gas tank? Drivers around the world share the sensation.


    -- read full article
    Sat, 31 May 2008 06:12:27 GMT - Yahoo! News: Economy News
    Incomes and spending both slow in April (AP)

    A man shops for clothing inside a store in Chicago, 2004. US consumer spending and incomes both rose 0.2 percent in April, data showed, suggesting sluggish growth in the world's biggest economy is continuing.(AFP/Getty Images/File/Tim Boyle)AP - The first round of economic stimulus checks gave a boost to personal incomes in April but a huge question remains: Will people spend the checks quickly enough to keep the economy afloat?


    -- read full article
    Sat, 31 May 2008 06:24:25 GMT - Yahoo! News: Economy News
    States grapple with fuel costs for school buses (AP)

    Robbie Sutton, an employee with Nash-Rocky Mount Public Schools Transportation Department, fills a bus with diesel fuel at Southern Nash High School in Bailey, N.C., Thursday, May 29, 2008. Every three and a half school days, Nash-Rocky Mount School buses consume 7500 gallons of fuel. (AP Photo/Gerry Broome)AP - The reality of rising fuel prices cost students in a Tennessee school district their bus ride to school this week on the last day of the year.


    -- read full article
    Fri, 30 May 2008 12:09:27 GMT - Yahoo! News: Economy News
    April personal spending up, flat after inflation (Reuters)

    A shopper selects bottles of wine at the Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - Personal spending rose by 0.2 percent in April as forecast and a key gauge of core inflation slowed, government data on Friday showed, but real spending adjusted for higher inflation overall stagnated.


    -- read full article
    Fri, 30 May 2008 13:09:59 GMT - Yahoo! News: Economy News
    New York City economy expands in May: NAPM-NY (Reuters)

    A general view of Manhattan at sunset in New York February 17, 2008. (Benoit Tessier/Reuters)Reuters - Business activity in New York City grew in May for the first time in four months, helped in part by easing worry over credit conditions, according to an industry report released on Friday.


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    Fri, 30 May 2008 13:34:39 GMT - Yahoo! News: Economy News
    Annualized growth rate at 22-week high: ECRI (Reuters)
    Reuters - A gauge of future U.S. economic growth slipped in the latest week but its annualized growth rate, while still in recessionary territory, was at a 22-week high, indicating improvement in short-term growth prospects, a research group said on Friday. -- read full article
    Fri, 30 May 2008 14:38:05 GMT - Yahoo! News: Economy News
    Gas prices inch closer to $4 while oil gyrates (AP)

    French Economy Minister Christine Lagarde, seen here on May 18, has written her counterparts in the top industrial powers urging the Group of Eight countries to call on oil producers to hike production, her office said Thursday.(AFP/File/Stephane de Sakutin)AP - Retail gas prices jumped a cent Friday to a new national average over $3.96 a gallon, putting them on a course to hit $4 by early next week. Oil futures, meanwhile, traded in a narrow range as investors tried to determine whether recent price declines were temporary.


    -- read full article
    Fri, 30 May 2008 17:49:05 GMT - Yahoo! News: Economy News
    Inflation outlook makes consumers' mood grim (Reuters)

    A shopper loads cartons of water onto his cart at the Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. consumer confidence fell to a 28-year low in May, a survey showed on Friday, as soaring prices for food and fuel soured sentiment and pushed long-term inflation expectations to the highest in more than a decade.


    -- read full article
    Fri, 30 May 2008 17:58:19 GMT - Yahoo! News: Economy News
    Paulson says will work to improve housing bill (Reuters)

    Secretary of the Treasury Henry Paulson speaks at a news conference after a meeting of the G-7 finance ministers during the World Bank/IMF 2008 Spring Meetings in Washington April 11, 2008. Joshua Roberts/REUTERS (Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Friday he has some problems with the housing rescue plan under consideration in the U.S. Senate, but will work to craft a bill that President George W. Bush can sign.


    -- read full article
    Fri, 30 May 2008 18:04:08 GMT - Yahoo! News: Economy News
    Incomes and spending both slow in April (AP)

    A man shops for clothing inside a store in Chicago, 2004. US consumer spending and incomes both rose 0.2 percent in April, data showed, suggesting sluggish growth in the world's biggest economy is continuing.(AFP/Getty Images/File/Tim Boyle)AP - The first round of economic stimulus checks gave a boost to personal incomes in April but a huge question remains: Will people spend the checks quickly enough to keep the economy afloat?


    -- read full article
    Fri, 30 May 2008 18:18:35 GMT - Yahoo! News: Economy News
    Bear's top economists won't join JPMorgan: source (Reuters)
    Reuters - Bear Stearns' two top economists David Malpass and John Ryding will not join J.P. Morgan, which is in the process of acquiring Bear, a source familiar with the situation said on Friday. -- read full article
    Fri, 30 May 2008 18:21:55 GMT - Yahoo! News: Economy News
    US economic growth revised higher to 0.9 pct pace (AFP)

    Construction workers in New York City. US economic momentum posted a 0.9 percent annual growth pace in the first quarter of the year, the government said in a report which calmed the nerves of some economists.(AFP/Getty Images/File/Stephen Chernin)AFP - The US economy grew at an annual 0.9 percent pace in the first quarter of the year, the government said Thursday in an upward revision that calmed the nerves of some economists.


    -- read full article
    Thu, 29 May 2008 20:37:53 GMT - Yahoo! News: Economy News
    Oil falls $4, shrugs off U.S. supply drop (Reuters)

    An employee places back a gas nozzle after filling up a tank at a petrol station in Manila May 24, 2008. (Cheryl Ravelo/Reuters)Reuters - Oil prices dropped $4 on Thursday as concerns about global energy demand and strength in the dollar countered a government report showing the biggest decline in U.S. stockpiles since 2004.


    -- read full article
    Thu, 29 May 2008 21:01:06 GMT - Yahoo! News: Economy News
    Oil tumbles on supply report, dollar concerns (AP)

    French Economy Minister Christine Lagarde, seen here on May 18, has written her counterparts in the top industrial powers urging the Group of Eight countries to call on oil producers to hike production, her office said Thursday.(AFP/File/Stephane de Sakutin)AP - Oil prices fell sharply Thursday after the Energy Department reported unexpected declines in crude oil supplies last week but said the drop was due to temporary delays in unloading oil tankers along the Gulf Coast.


    -- read full article
    Thu, 29 May 2008 19:55:06 GMT - Yahoo! News: Economy News
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