| U.S. Economy Headlines |
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| Wall Street surges again on falling energy prices
(AP)
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| AP - Wall Street shot higher Thursday, extending its rally into a second session as tumbling energy prices bolstered an already upbeat mood that followed stronger-than-expected quarterly reports from big names like JPMorgan Chase and United Technologies. The Dow Jones industrial average rose more than 200 points, bringing their two-day advance to more than 480.
-- read full article |
| Thu, 17 Jul 2008 21:39:14 GMT - Yahoo! News: Economy News |
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| Commodities drop for 3rd day as oil keeps falling
(AP)
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| AP - Commodities turned lower for a third day Thursday, as steep drops in crude oil and natural gas prices fed beliefs that high energy costs are curbing Americans' fuel consumption and at least temporarily cooling the commodities boom. -- read full article |
| Thu, 17 Jul 2008 20:01:09 GMT - Yahoo! News: Economy News |
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| Summary Box: Restaurant profits may be dismal
(AP)
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| AP - RESTAURANTS: Most are expected to report dismal profits for the second quarter, despite economic stimulus checks meant to boost spending and sales. The checks helped in May, but sales dropped off in June as gas prices soared. -- read full article |
| Thu, 17 Jul 2008 20:12:07 GMT - Yahoo! News: Economy News |
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| Treasury prices edge lower as stocks rise
(AP)
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| AP - Treasury prices fell sharply Thursday as several upbeat earnings reports, falling energy prices and an unexpected jump in housing starts alleviated some of investors' concerns about the economy. -- read full article |
| Thu, 17 Jul 2008 21:11:26 GMT - Yahoo! News: Economy News |
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| Single-family building dips to slowest in 17 years
(AP)
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| AP - A beat-the-deadline rush to file permits for apartment construction in New York City lifted housing starts to unexpectedly high levels in June, but it was no cause for rejoicing. Construction of single-family homes nationwide fell to the slowest pace in 17 years.
-- read full article |
| Thu, 17 Jul 2008 22:05:32 GMT - Yahoo! News: Economy News |
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| Recession-Proof Jobs
(BusinessWeek Online)
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| BusinessWeek Online - These are tough times for job seekers. The U.S. unemployment rate held steady in June at 5.5%, the highest rate since October 2004. The outlook is especially bleak in residential construction and automobiles, and for workers without a college degree. -- read full article |
| Thu, 17 Jul 2008 12:08:41 GMT - Yahoo! News: Economy News |
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| Jobless claims rise to 366,000 last week
(Reuters)
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| Reuters - The number of U.S. workers filing
new claims for jobless benefits rose by a less-than-expected
18,000 last week to 366,000 on a seasonally adjusted basis, a
Labor Department report showed on Thursday. -- read full article |
| Thu, 17 Jul 2008 12:41:20 GMT - Yahoo! News: Economy News |
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