| U.S. Economy Headlines |
| Economic outlook weaker with higher oil: panel
(Reuters)
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| Reuters - Higher U.S. energy prices, a
deteriorating labor market and falling stock prices have raised
the likelihood the world's richest economy will enter into
recession this year or has already done so, according to
forecasts of a closely watched panel of economists released on
Thursday. -- read full article |
| Thu, 10 Jul 2008 05:26:44 GMT - Yahoo! News: Economy News |
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| Oil falls back as U.S. gasoline stocks rise
(Reuters)
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| Reuters - Oil handed back early gains to stand
below $136 a barrel on Wednesday as U.S. government data showed
an unexpected increase in gasoline stocks, overshadowing a
larger-than-expected fall in crude inventories.
-- read full article |
| Wed, 09 Jul 2008 15:39:20 GMT - Yahoo! News: Economy News |
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| Signs that rural retailers are seeing a boost
(AP)
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| AP - For three decades, small-town retailers suffered amid tough competition from big discounters and malls that drew shoppers from a hundred-mile radius. But some retailers in rural areas are now seeing a boost as shoppers clobbered by high gas prices shop more locally. -- read full article |
| Wed, 09 Jul 2008 16:12:11 GMT - Yahoo! News: Economy News |
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| Stocks rise on banks and lower oil
(Reuters)
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| Reuters - Stocks rose in another turbulent
session on Tuesday as a pullback in oil prices eased worries
about consumer and business spending, while financial shares
gained after the Fed chairman said he may keep open a lifeline
for banks.
-- read full article |
| Tue, 08 Jul 2008 21:20:07 GMT - Yahoo! News: Economy News |
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| Fed plans new rules to protect future homebuyers
(AP)
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| AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
-- read full article |
| Tue, 08 Jul 2008 20:47:16 GMT - Yahoo! News: Economy News |
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| ConocoPhillips 2Q production falls as planned
(AP)
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| AP - ConocoPhillips, the third-largest U.S. oil company, said Tuesday its global production fell as expected in the second quarter because of planned maintenance, but it benefited from higher oil and natural gas prices. -- read full article |
| Tue, 08 Jul 2008 20:51:13 GMT - Yahoo! News: Economy News |
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| Dollar gets helping hand from Bernanke
(AFP)
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| AFP - The dollar gained against other world currencies Tuesday in a move traders attributed to remarks by US Federal Reserve chairman Ben Bernanke who indicated more could be done to help US banks weather a lingering credit crunch.
-- read full article |
| Tue, 08 Jul 2008 21:20:02 GMT - Yahoo! News: Economy News |
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| Dow ends up 152 on decline in oil, Bernanke talk
(AP)
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| AP - Wall Street finished sharply higher Tuesday as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.
-- read full article |
| Tue, 08 Jul 2008 22:15:27 GMT - Yahoo! News: Economy News |
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| Economy - Tuesday
(Investor's Business Daily)
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| Investor's Business Daily - That was slightly better than Wall St. estimates, while April's rise in consumer credit outstanding was revised down to $7.8 bil. Credit card and other revolving debt grew by $5.7 bil after April's drop of $424 mil. Auto, boat and other nonrevolving loans rose $2.1 bil. -- read full article |
| Tue, 08 Jul 2008 22:49:32 GMT - Yahoo! News: Economy News |
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| Oil Lifts Consumer-Product Prices, Too
(BusinessWeek Online)
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| BusinessWeek Online - Many American consumers winced when gas prices hit $4 a gallon. But the price of oil has had an impact beyond the pump. Everyday items such as plastic bags, clothing, and even diapers have increased along with the cost of gas. "There are a lot of people who are having a hard time now," says John Simpson, a spokesman for the advocacy group Consumer Watchdog. "And things are going to get a lot tougher when gas hits $5 a gallon." -- read full article |
| Tue, 08 Jul 2008 12:08:41 GMT - Yahoo! News: Economy News |
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