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    U.S. Economy Headlines
    Jobs market in for weak spell (Reuters)
    Reuters - The Conference Board said on Monday there was little reason to expect the U.S. labor market to recover in the months ahead after its jobs index fell in June to its lowest since late 2004. -- read full article
    Mon, 07 Jul 2008 14:52:25 GMT - Yahoo! News: Economy News
    Costly gas crimps surfers' style, roils industry (AP)

    Nick Risse looks over their line of surfboards at Surftech in Huntington Beach, Calif., Friday, June 27, 2008. The industry depends on petroleum-based products to build and ship its boards. And surfers in search of the biggest waves have to dig deeper into the pockets to fill their gas tanks or book flights to the best breaks around the world, including far-flung places like South Africa and Tahiti. (AP Photo/Chris Carlson)AP - For years, Chris Mauro took a 10-mile detour on his way to work each morning to check out the swells at his favorite surf break and plot the best location for his afterwork wave-riding.


    -- read full article
    Mon, 07 Jul 2008 16:21:23 GMT - Yahoo! News: Economy News
    Rates fall in weekly Treasury bill auction (AP)
    AP - Interest rates on short-term Treasury bills fell in Monday's auction. -- read full article
    Mon, 07 Jul 2008 17:35:45 GMT - Yahoo! News: Economy News
    Many Americans still traveling despite economy (AP)

    This undated photo released by International Expeditions shows the La Amatista cruising at an unknown location in the Amazon. (AP Photo/ Hugh Hunter, Jr., International Expeditions)AP - High gas prices may mean fewer families will be headed to the beach or the mountains this summer, but rising prices likely won't be keeping wealthy people from missing out on vacation.


    -- read full article
    Mon, 07 Jul 2008 18:05:40 GMT - Yahoo! News: Economy News
    Bush says backs strong dollar policy (Reuters)

    President George W. Bush speaks at a joint news conference with the Prime Minister of Japan Yasuo Fukuda at the G8 Summit at The Windsor Hotel Toya Resort and Spa in Toyako, Japan July 6, 2008. (Jim Young/Reuters)Reuters - President George W. Bush said on Sunday the American economy was not growing as quickly as he would like and that his administration supported a strong dollar policy.


    -- read full article
    Sun, 06 Jul 2008 13:28:36 GMT - Yahoo! News: Economy News
    Hyundai cuts, Kia lifts domestic sales target (Reuters)
    Reuters - Hyundai Motor Co (005480.KS), South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting consumer sentiment in Asia's fourth-largest economy. -- read full article
    Sun, 06 Jul 2008 05:35:13 GMT - Yahoo! News: Economy News
    G8 to tackle inflation, but concrete action elusive (Reuters)

    Police officers walk past an advertisement banner outside a pachinko pinball parlor reading 'Summit on Friday' in Sapporo on Japan's northern island of Hokkaido, as part of the security measures ahead of the G8 Hokkaido Toyako Summit July 4, 2008. (Yuriko Nakao/Reuters)Reuters - G8 leaders aim to present a united front against global inflation, driven by soaring oil and food prices, at a summit in Japan next week, but solving the problem requires more than just a strong message from rich nations.


    -- read full article
    Fri, 04 Jul 2008 09:12:07 GMT - Yahoo! News: Economy News
    62,000 jobs lost, off nearly half-million for year (AP)

    In this June 5, 2008 file photo, job seekers gather at the Los Angeles Mission for the 7th annual Employment and Training Collaborative of Hope Central Career Fair  in Los Angeles. Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent, it was announced Thursday July 3, 2008. (AP Photo/Ric Francis)AP - The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.


    -- read full article
    Fri, 04 Jul 2008 09:54:05 GMT - Yahoo! News: Economy News
    Gas prices hit another high for holiday weekend (AP)

    A sign displaying gas prices is seen in Los Angeles on Thursday, July 3, 2008.  Fewer Californians are expected to travel during this year's Independence Day weekend because of record-high gas prices and high airfares, according to an AAA travel survey.  (AP Photo/ Matt Sayles)AP - Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.


    -- read full article
    Fri, 04 Jul 2008 12:11:05 GMT - Yahoo! News: Economy News
    Kimmitt confident in economic fundamentals (Reuters)

    Robert M. Kimmitt, Deputy Secretary ofthe U.S. Department of Treasury, speaks during a conference on Sovereign Wealth Funds at the Asia Society in New York, April 14, 2008. (Shannon Stapleton/Reuters)Reuters - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future.


    -- read full article
    Fri, 04 Jul 2008 13:18:27 GMT - Yahoo! News: Economy News
    G-8 meets as economy storm clouds thicken (AP)

    Passersby walk past a price board indicating regular gas is sold at 190 yen (US$1.79) per liter (0.26 gallon) and the high-octane gas at 200 yen ($1.88) per liter at a gas station in Tokyo Thursday, July 3, 2008. Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week. (AP Photo/Shuji Kajiyama)AP - Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.


    -- read full article
    Fri, 04 Jul 2008 17:26:17 GMT - Yahoo! News: Economy News
    Stocks end mixed following jobs, services data (AP)

    Traders can be seen on the floor of the crude oil futures pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.


    -- read full article
    Thu, 03 Jul 2008 21:23:28 GMT - Yahoo! News: Economy News
    Economy extends job loss streak (Reuters)

    Kyle Scott signs up with the Manpower temp agency in Park Ridge, Illinois April 10, 2008. (John Gress/Reuters)Reuters - U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and the country's vast service sector unexpectedly contracted, underscoring the economy's frailty.


    -- read full article
    Thu, 03 Jul 2008 19:15:06 GMT - Yahoo! News: Economy News
    Wall Street firms reduce, banks step up Fed loans (AP)

    Fed Chairman Ben Bernanke waits to speak at Harvard senior class day in Cambridge, Massachusetts June 4, 2008. (Adam Hunger/Reuters)AP - Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly.


    -- read full article
    Thu, 03 Jul 2008 21:39:23 GMT - Yahoo! News: Economy News
    IBD's Top 10 - Thursday (Investor's Business Daily)
    Investor's Business Daily - 1 The 6th straight monthly payrolls drop was in line with forecasts, though April and May payrolls were revised lower. That bodes ill for the economy, but recessions typically have bigger job cuts. Unemployment stayed at 5.5%, defying forecasts for a dip after May's spike. Factories and home builders slashed staff. Rising jobless claims signal more job losses ahead. -- read full article
    Thu, 03 Jul 2008 22:38:00 GMT - Yahoo! News: Economy News
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