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    U.S. Economy Headlines
    High U.S. gas prices pinch NASCAR fans (Reuters)

    Race leader Kurt Busch is stopped on pit road after heavy rains shortened the NASCAR Sprint Cup Lenox Industrial Tools 301 at New Hampshire Motor Speedway in Loudon, New Hampshire, June 29, 2008. (Robert LeSieur/Reuters)Reuters - Many NASCAR fans think nothing of jumping in their recreational vehicles or pickup trucks and driving 300 miles or more to watch races in places like Talladega, Alabama; Bristol, Tennessee; and Las Vegas.


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    Mon, 30 Jun 2008 12:44:44 GMT - Yahoo! News: Economy News
    USDA reports flooding cuts corn acres (AP)
    AP - The government says farmers will harvest nearly 7 percent fewer acres of corn than last year in part because Midwest flooding has damaged the crop. -- read full article
    Mon, 30 Jun 2008 12:50:26 GMT - Yahoo! News: Economy News
    Energy sector leads stocks up as oil hits record (Reuters)

    Traders can be seen on the floor of the crude oil feature pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)Reuters - Stocks rose on Monday as record crude oil prices lifted energy shares on the final trading day of the month and the second quarter, offsetting a financial sector sell-off on fears of further credit losses.


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    Mon, 30 Jun 2008 16:29:52 GMT - Yahoo! News: Economy News
    Midwest business activity less weak in June (Reuters)

    A man gestures to a 'Sale' sign in a Target Store in Chicago, November 23, 2007. (John Gress/Reuters)Reuters - Business activity in the U.S. Midwest contracted in June for a fifth straight month but at a less severe rate, even as production and new orders both slipped, a report showed on Monday.


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    Mon, 30 Jun 2008 14:30:49 GMT - Yahoo! News: Economy News
    Reports show U.S. growth weak if not in recession (Reuters)

    A man gestures to a 'Sale' sign in a Target Store in Chicago, November 23, 2007. (John Gress/Reuters)Reuters - The U.S. economy continues to bump along at a slow level of growth but has probably not fallen into recession, a series of regional purchasing managers' reports showed on Monday.


    -- read full article
    Mon, 30 Jun 2008 16:39:53 GMT - Yahoo! News: Economy News
    AP-Yahoo News poll: 9 in 10 hit hard by gas prices (AP)

    Julie Jacobs poses with her children Natalie, 4, left, and Aidan, 6,  right, at their home in Baltimore, Thursday, June 26, 2008. Four dollar a gallon gas has stolen a beach vacation in South Carolina from Julie Jacobs' family.  Like a plague that does not discriminate by economic class, race or age, soaring gas prices are inflicting pain throughout the U.S. Nine in 10 expecting the ballooning costs to squeeze them financially over the next half year, an Associated Press-Yahoo News poll says. (AP Photo/Rob Carr)AP - Four-dollar gasoline has stolen a beach vacation from Julie Jacobs' family, "little small luxuries" like exotic bath washes from Angela Crawford and dinners out from folks all over the country. Phil English has had to sell his beloved but fuel-guzzling red pickup.


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    Mon, 30 Jun 2008 18:07:05 GMT - Yahoo! News: Economy News
    Paulson to reveal more on Fed stability role (Reuters)

    Treasury Secretary Henry Paulson gestures after his remarks about Federal Reserve and the economy at the Women in Housing and Finance meeting in Washington, June 19, 2008. (Jonathan Ernst/Reuters)Reuters - Treasury Secretary Henry Paulson will reveal more details about his accelerated plans for the Federal Reserve to assume a larger regulatory role in maintaining financial system stability in a speech in London on Wednesday.


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    Mon, 30 Jun 2008 18:20:56 GMT - Yahoo! News: Economy News
    Sports attendance up, hot dog spending down (Reuters)

    A vendor sells candy to fans attending the MLB interleague baseball game between the Chicago White Sox and Chicago Cubs in Chicago June 27, 2008. In an economic downturn, U.S. fans still go to sports games, partly as an escape from financial woes, but they are saving on the extras, like hot dogs and beer. (Frank Polich/Reuters)Reuters - A couple of times a year, David Holzhammer drives more than 200 miles from his home in Iowa City, Iowa, to see the Chicago Cubs play baseball. That is a luxury he is not giving up, despite high gas prices and other strains on his wallet.


    -- read full article
    Mon, 30 Jun 2008 00:21:35 GMT - Yahoo! News: Economy News
    High gas prices pinch NASCAR fans (Reuters)
    Reuters - Many NASCAR fans think nothing of jumping in their recreational vehicles or pickup trucks and driving 300 miles or more to watch races in places like Talladega, Alabama; Bristol, Tennessee; and Las Vegas. -- read full article
    Mon, 30 Jun 2008 07:39:19 GMT - Yahoo! News: Economy News
    Treasury's Paulson says believes in strong dollar (Reuters)
    Reuters - Treasury Secretary Henry Paulson said on Monday he believes in a strong U.S. dollar and that U.S officials were working to resolve the country's economic problems, including regulatory mistakes that led to excesses in the mortgage and banking sectors. -- read full article
    Mon, 30 Jun 2008 08:34:53 GMT - Yahoo! News: Economy News
    Election could delay Fed rate rise until December (Reuters)

    Federal Reserve Bank of St Louis former President William Poole participates in a Bank of Korea seminar in Seoul June 16, 2006. (You Sung-ho/Reuters)Reuters - The Federal Reserve may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy.


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    Sun, 29 Jun 2008 16:06:44 GMT - Yahoo! News: Economy News
    Consumer spending jumps as stimulus checks land (Reuters)

    Shoppers manoeuvre their way through the aisle at a Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. consumer spending jumped last month as government stimulus checks boosted household budgets and pushed the saving rate to a 13-year high, but another report released on Friday showed confidence took a hit.


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    Fri, 27 Jun 2008 21:02:52 GMT - Yahoo! News: Economy News
    Auto sales: bleak, but is it the bottom? (Reuters)

    A row of new Chrysler-made Jeep Grand Cherokees are seen at the Pro Chrysler dealership in Thornton, Colorado May 14, 2007. (Rick Wilking/Reuters)Reuters - U.S. auto sales in June are expected to post a double-digit decline, dropping to a 15-year low as record gas prices killed the market for trucks and SUVs and made it impossible for many drivers to swap out for more fuel-efficient, new cars.


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    Fri, 27 Jun 2008 21:04:53 GMT - Yahoo! News: Economy News
    After-tax incomes and spending show big gains (AP)

    In this May 8, 2008 file photo, shoppers load up at Costco in Mountain View, Calif. The millions of economic stimulus payments gave a massive jolt to household finances in May, sending after-tax incomes up by the largest amount in 33 years, Friday, June 27, 2008. (AP Photo/Paul Sakuma, file)AP - Millions of economic stimulus payments sent after-tax incomes surging in May by the largest amount since a similar recession-fighting effort by Gerald Ford 33 years ago.


    -- read full article
    Fri, 27 Jun 2008 22:12:56 GMT - Yahoo! News: Economy News
    Inflation and job losses keep consumers glum (Reuters)

    Shoppers carry their purchases along Broadway in New York City, May 11, 2008. (Joshua Lott/Reuters)Reuters - Consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses contributed to a bleak outlook, according to a survey released on Friday.


    -- read full article
    Fri, 27 Jun 2008 14:46:05 GMT - Yahoo! News: Economy News
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