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    U.S. Economy Headlines
    Stocks up after Fed leaves rates unchanged (AP)

    A television screen in a booth on the floor of the New York Stock Exchange shows the Fed rate decision, Wednesday June 25, 2008. The central bank said after a two-day meeting it is keeping the benchmark federal funds rate at 2 percent. It is the first time in 10 months that the central bank hasn't cut rates (AP Photo/Richard Drew)AP - Stocks gained Wednesday after the Federal Reserve left interest rates unchanged and issued a mixed but unsurprising assessment of the economy.


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    Wed, 25 Jun 2008 18:45:30 GMT - Yahoo! News: Economy News
    Market adds to gains after Fed decision (Reuters)

    Traders work on the floor of the New York Stock Exchange, June 24, 2008. (Brendan McDermid/Reuters)Reuters - Stocks added to gains on Wednesday after the Federal Reserve held a key interest rate steady.


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    Wed, 25 Jun 2008 18:23:51 GMT - Yahoo! News: Economy News
    Sales of new homes slip (Reuters)

    New home construction continues in Carlsbad, California June 24, 2008. (Mike Blake/Reuters)Reuters - Durable goods orders held steady last month, but sales of new single family homes fell, government data showed on Wednesday, highlighting a weak economy as the Federal Reserve met to ponder interest rates.


    -- read full article
    Wed, 25 Jun 2008 15:14:05 GMT - Yahoo! News: Economy News
    US new home sales fall as Fed mulls interest rates (AFP)

    A new development advertisement tries to entice customers to newly constructed homes in April 2008 in Fontana, California. Sales of new homes across the United States fell 2.5 percent in May from the prior month to a seasonally adjusted pace of 512,000 homes, according to a government survey Wednesday.(AFP/Getty Images/File/David Mcnew)AFP - A government survey Wednesday showed sales of new homes tumbled 2.5 percent across the United States in May amid unsettled economic times, as Federal Reserve policymakers deliberated over interest rates.


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    Wed, 25 Jun 2008 16:24:23 GMT - Yahoo! News: Economy News
    New home sales and prices both drop in May (AP)

    Chart shows new home sales for the past 13 months, seasonally adjusted; 1c x 2 1/4 inches; 46.5 mm x 57.2 mmAP - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes.


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    Wed, 25 Jun 2008 17:40:06 GMT - Yahoo! News: Economy News
    Oil falls on US inventory build, weak demand (Reuters)

    A gas flame is seen in the desert near the Khurais oilfield in Saudi Arabia, June 23, 2008. (Ali Jarekji/Reuters)Reuters - Oil fell more than $3 on Wednesday after U.S. weekly data showed crude inventories in the world's top consumer rising as high fuel prices continued to erode demand.


    -- read full article
    Wed, 25 Jun 2008 17:41:53 GMT - Yahoo! News: Economy News
    SEC proposes reduced reliance on credit raters (Reuters)
    Reuters - Securities regulators proposed weaning investors and Wall Street institutions from over-reliance on credit ratings, part of changes to the rating industry prompted by the subprime mortgage crisis. -- read full article
    Wed, 25 Jun 2008 18:41:59 GMT - Yahoo! News: Economy News
    US consumer confidence plunges, outlook at record low (AFP)

    People shop at the reduced cost, high volume Costco supermarket warehouse in May 2008 in Marina Del Rey, California. US consumer confidence plunged in June amid growing concerns about jobs and the economy that have slashed expectations to an all-time low, the Conference Board has reported.(AFP/File/Gabriel Bouys)AFP - US consumer confidence plunged in June amid growing concerns about jobs and the economy, with one gauge of future expectations hitting an all-time low, the Conference Board reported Tuesday.


    -- read full article
    Tue, 24 Jun 2008 19:16:24 GMT - Yahoo! News: Economy News
    Oil prices edge higher on dollar, supply concerns (AP)

    United Arab Emirates' Oil Minister Mohammed bin Dhaen al-Hamli talks to journalists at the beginning of a meeting in OPEC's headquarters in Vienna March 5, 2008. (Heinz-Peter Bader/Reuters)AP - Oil futures ended an uneven session with a modest gain Tuesday as traders awaited news that could help the market break out of a trading range that has lasted for more than two weeks. Retail gas prices, meanwhile, slid below a national average of $4.07 a gallon.


    -- read full article
    Tue, 24 Jun 2008 19:38:52 GMT - Yahoo! News: Economy News
    Market drops as data, UPS fan economic fears (Reuters)

    Traders work on the floor of the New York Stock Exchange, June 23, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Tuesday, on concerns about the economy after a report showed consumer confidence hit a 16-year low and as a profit warning from United Parcel Service stoked fears about corporate results.


    -- read full article
    Tue, 24 Jun 2008 20:34:50 GMT - Yahoo! News: Economy News
    Consumer confidence sinks to 16-year-plus low (AP)

    A home that sold at a reduced price is shown in Palo Alto, Calif., Tuesday, June 24, 2008. U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time.  (AP Photo/Paul Sakuma)AP - U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.


    -- read full article
    Tue, 24 Jun 2008 20:55:40 GMT - Yahoo! News: Economy News
    Dollar weakens on downbeat economic news (AFP)

    A one dollar chrome printing plate. The dollar weakened against other major currencies Tuesday in the face of downbeat economic news on US consumer confidence and the housing market, and as the US central bank was expected to keep interest rates unchanged.(AFP/File/Shawn Thew)AFP - The dollar weakened against other major currencies Tuesday in the face of downbeat economic news on US consumer confidence and the housing market, and as the US central bank was expected to keep interest rates unchanged.


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    Tue, 24 Jun 2008 21:36:21 GMT - Yahoo! News: Economy News
    Stocks end lower after drop in consumer confidence (AP)

    Traders work on the floor of the New York Stock Exchange June 24, 2008. U.S. stocks extended losses on Tuesday after a report from The Conference Board showed U.S. consumer sentiment sunk to its lowest in 16 years in June.  REUTERS/Brendan McDermid (UNITED STATES)AP - Wall Street ended an erratic session moderately lower Tuesday as concerns grew about the impact of high fuel costs on consumers and corporate profits. Treasury prices rose on the economic uncertainty.


    -- read full article
    Tue, 24 Jun 2008 21:38:37 GMT - Yahoo! News: Economy News
    Treasury bonds spike after more economic doubt (AP)
    AP - Treasury bonds rose Tuesday on a report that consumer confidence fell in June more than economists expected, the latest another indication that higher gas and food prices are taking a toll on consumer spending. The market was also awaiting the results of the Federal Reserve's two-day meeting on interest rates. -- read full article
    Tue, 24 Jun 2008 21:55:02 GMT - Yahoo! News: Economy News
    IBD's Top 10 - Tuesday (Investor's Business Daily)
    Investor's Business Daily - 1 Prices in 20 big cities fell a record 15.3% vs. a year earlier, says S&P/Case-Shiller. The 10-city index sank 16.4%. Monthly price declines have slowed, but still are sharp. Meantime, the gov't OFHEO home price index fell 4.6% vs. April '07. Both reports track like-to-like home sales, but OFHEO includes only conforming loans, so it shows less of a price boom and bust. -- read full article
    Tue, 24 Jun 2008 22:59:10 GMT - Yahoo! News: Economy News
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