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    U.S. Economy Headlines
    Michigan jobless rate jumps in May (Reuters)
    Reuters - Michigan's unemployment rate jumped to 8.5 percent for May, the highest jobless rate in 16 years for a state that has been hardest hit by the combined downturn in the U.S. auto industry and the slump in housing. -- read full article
    Wed, 18 Jun 2008 21:32:29 GMT - Yahoo! News: Economy News
    Home buying practices adjust to high gas prices (AP)

    Demetrius Stroud stands near the tracks at the Emeryville, Calif., Amtrak train station Tuesday, June 17, 2008. Because of high gasoline prices, Stroud is purchasing a home near the the Elk Grove, Calif., Amtrak station and will soon commute by train between the Sacramento area and Emeryville rather then drive. (photo by Ron Lewis)AP - In his hunt for a new home, Demetrius Stroud crunched the numbers to find out that, with gas prices climbing, moving near an Amtrak station is the best thing for his wallet.


    -- read full article
    Wed, 18 Jun 2008 22:07:33 GMT - Yahoo! News: Economy News
    Energy Fears Send Dems, GOP In Opposite Directions (Investor's Business Daily)
    Investor's Business Daily - As gas prices soar past $4 a gallon, Congress and the presidential candidates are hard at work trying to assign blame for the record prices, and when they finish that, suggesting fixes. -- read full article
    Wed, 18 Jun 2008 22:54:44 GMT - Yahoo! News: Economy News
    Paulson to push for oversight reforms: reports (Reuters)

    Treasury Secretary Henry Paulson speaks to business and political leaders at a U.S. Chamber of Commerce dinner in honor of China's Vice Premier Wang Qishan's visit to Washington June 18, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson is expected to urge that the Federal Reserve be given new powers to regulate Wall Street after the collapse of brokerage Bear Stearns Cos. Inc., U.S. media reported on Wednesday.


    -- read full article
    Thu, 19 Jun 2008 04:41:07 GMT - Yahoo! News: Economy News
    Consumer confidence study puts UAE among top five (Reuters)

    The United Arab Emirates flag flies in front of the Jumeirah Beach Residence in Dubai December 2, 2007. (Steve Crisp/Reuters)Reuters - The United Arab Emirates ranked among the top five nations globally for consumer confidence despite fears over rising inflation in the oil-fueled economy, a U.S. research agency said on Wednesday.


    -- read full article
    Wed, 18 Jun 2008 10:29:56 GMT - Yahoo! News: Economy News
    Economic outlook "subprime," no recession: report (Reuters)

    A vacant house for sale is pictured at the Green Valley Ranch neighborhood in Denver, July 26, 2007. The economy will likely avoid a formal recession, but its outlook through the end of next year is decidedly 'subprime' with the deep housing downturn restraining growth to just above 1 percent, a UCLA Anderson Forecast report released on Wednesday said. (Rick Wilking/Reuters)Reuters - The economy will likely avoid a formal recession, but its outlook through the end of next year is decidedly "subprime" with the deep housing downturn restraining growth to just above 1 percent, a UCLA Anderson Forecast report released on Wednesday said.


    -- read full article
    Wed, 18 Jun 2008 10:38:07 GMT - Yahoo! News: Economy News
    Gloomy Americans adjust to economy: Reuters poll (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - Americans remain gloomy about the future but feel marginally better this month as they adjust to high gas prices and a faltering economy, according to a Reuters/Zogby poll released on Wednesday.


    -- read full article
    Wed, 18 Jun 2008 11:01:41 GMT - Yahoo! News: Economy News
    Fuel spike curbs vacations, dining out: poll (Reuters)

    Tourists relax on a beach in Laguna Beach, California July 14, 2006. (Lucas Jackson/Reuters)Reuters - Many Americans will forgo vacations and dine in more often to combat soaring fuel prices, while 1 in 10 are rethinking where they live or work, according to a Reuters/Zogby poll released on Wednesday.


    -- read full article
    Wed, 18 Jun 2008 11:26:25 GMT - Yahoo! News: Economy News
    Take a Moment to Tally Your Cash (The Motley Fool)
    The Motley Fool - With gas prices and inflation threatening the price of a Big Gulp, a dollar just doesn't seem like, well, a dollar anymore. No need to look for part-time work or switch to generic soda pop. Here are some painless ways to make the money you already have go further. -- read full article
    Wed, 18 Jun 2008 14:04:03 GMT - Yahoo! News: Economy News
    Credit card fees: Some gas stations say 'no more' (AP)
    AP - When gas station manager Roger Randolph realized it was costing him money each time someone filled up with $4-a-gallon gas, he hung a sign on his pumps: "No more credit cards." -- read full article
    Wed, 18 Jun 2008 17:28:57 GMT - Yahoo! News: Economy News
    Home buying practices adjust to high gas prices (AP)

    Demetrius Stroud stands near the tracks at the Emeryville, Calif., Amtrak train station Tuesday, June 17, 2008. Because of high gasoline prices, Stroud is purchasing a home near the the Elk Grove, Calif., Amtrak station and will soon commute by train between the Sacramento area and Emeryville rather then drive. (photo by Ron Lewis)AP - In his hunt for a new home, Demetrius Stroud crunched the numbers to find out that, with gas prices climbing, moving near an Amtrak station is the best thing for his wallet.


    -- read full article
    Wed, 18 Jun 2008 18:03:29 GMT - Yahoo! News: Economy News
    Corporate America taking grimmer view of economy (Reuters)
    Reuters - Corporate America's view of the U.S. economy has grown bleaker, weighed down by surging energy prices, a credit crunch and the worst housing slump in decades, according to two surveys released on Wednesday. -- read full article
    Wed, 18 Jun 2008 18:17:38 GMT - Yahoo! News: Economy News
    Producer prices jump, housing starts at 1991 low (Reuters)

    Bags of basmati rice are seen on display at a Costco store in Arlington, Virginia April 24, 2008. (Jim Young/Reuters)Reuters - Soaring energy costs pushed U.S. producer prices up sharply last month and housing starts fell to 17-year low, according to data on Tuesday that spotlighted the dilemma the Federal Reserve's faces in trying to tackle weak economic growth amid high inflation.


    -- read full article
    Tue, 17 Jun 2008 20:30:42 GMT - Yahoo! News: Economy News
    Economy struggles with rising prices, slow growth (AP)

    Pat Cannon looks at the cantaloupe while shopping at the Dallas Farmers Market, Tuesday, June 17, 2008. Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher. Prices for fruits and melons rose 5.9 percent, the most since December. (AP Photo/ Donna McWilliam)AP - Wholesale prices barreled ahead while housing and industrial activity faltered — a blend of high-costs and slow growth that ensures the Federal Reserve's most likely move on interest rates next week will be no move whatsoever.


    -- read full article
    Tue, 17 Jun 2008 20:53:28 GMT - Yahoo! News: Economy News
    Consumer confidence ticks up, near record low: report (Reuters)

    Gas station owner Osama Elkhawad casts a shadow as he throws up his arms in frustration after a gasoline pump hose was disconnected from the nozzle and caused a fuel spill at his gas station in Arlington, Virginia, June 11, 2008. (Jim Young/Reuters)Reuters - American consumers' confidence inched up in the latest week but was still deep into negative territory and near its record low as gasoline prices reached record highs, a report showed on Tuesday.


    -- read full article
    Tue, 17 Jun 2008 21:08:33 GMT - Yahoo! News: Economy News
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