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    U.S. Economy Headlines
    Destination retailers feel gas price pinch (AP)

    John Wallace and his wife Margot shop at Cabela's, a store located outside Interstate 80 west of Omaha, Neb., Thursday, July 24, 2008. Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retail therapy. (AP Photo/Nati Harnik)AP - Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retail therapy.


    -- read full article
    Fri, 25 Jul 2008 21:03:22 GMT - Yahoo! News: Economy News
    Summary Box: Indicators stronger than expected (AP)
    AP - THE LATEST: A jump in military spending helped boost new orders for big-ticket durable goods by a surprisingly strong 0.8 percent in June while new home sales dropped by a smaller-than-expected 0.6 percent. Consumer sentiment rebounded slightly in July from a 28-year low. -- read full article
    Fri, 25 Jul 2008 21:18:31 GMT - Yahoo! News: Economy News
    For the economy, finally some news not half bad (AP)

    A sign advertising a reduced price is seen in front of a home for sale in Richmond, California, June 2008. US home sales have fallen another 2.6 percent in June as inventories rose and prices fell with buyers still hesitant in the face of a horrific market slump, industry data has shown.(AFP/Getty Images/File/Justin Sullivan)AP - After weeks of one negative report after another, the economy finally got some news Friday that wasn't half bad.


    -- read full article
    Fri, 25 Jul 2008 22:30:39 GMT - Yahoo! News: Economy News
    New Home Market, Durable Goods Defy Gloomy June Views (Investor's Business Daily)
    Investor's Business Daily - New-home sales fell less than expected in June and inventories dropped to a 31/2-year low, the government said Friday, fueling hopes that the worst of the housing slump is over. Meanwhile, durable goods orders and consumer sentiment unexpectedly rose. -- read full article
    Fri, 25 Jul 2008 22:56:36 GMT - Yahoo! News: Economy News
    Would You Drive 55? (Time.com)
    Time.com - Senator John Warner wants to enforce a national speed limit as an answer to soaring gas prices -- read full article
    Sat, 26 Jul 2008 05:00:00 GMT - Yahoo! News: Economy News
    Fortune Brands' profit falls (Reuters)
    Reuters - Consumer products company Fortune Brands Inc reported lower quarterly profit on Friday, hurt by the U.S. housing slump, weak consumer sentiment, higher commodity costs and an unexpected Australian tax hike. -- read full article
    Fri, 25 Jul 2008 11:16:50 GMT - Yahoo! News: Economy News
    Dollar lower before key economic data (AFP)

    A woman holding several euro and US dollar notes. The dollar has fallen against the euro and yen as the market awaited publication of US housing figures and data on consumer sentiment in the world's biggest, but struggling, economy.(AFP/File/Bertrand Langlois)AFP - The dollar fell against the euro and yen on Friday as the market awaited publication of US housing figures and data on consumer sentiment in the world's biggest, but struggling, economy.


    -- read full article
    Fri, 25 Jul 2008 11:19:34 GMT - Yahoo! News: Economy News
    Foreclosures double from last year (Reuters)

    A foreclosure sale sign sits in front of a house in Falls Church, Virginia, just outside Washington D.C. July 23, 2008. (Kevin Lamarque/Reuters)Reuters - Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on Friday.


    -- read full article
    Fri, 25 Jul 2008 13:02:33 GMT - Yahoo! News: Economy News
    June durable goods orders rise unexpectedly (Reuters)

    Vacuum cleaners stand on display at a store in Santa Monica, California, May 28, 2008. (Lucy Nicholson/Reuters)Reuters - New orders for long-lasting U.S. manufactured goods rose unexpectedly in June on a surge in defense orders while a gauge of business investment was also higher than forecast in signs of economic resilience, a government report showed on Friday.


    -- read full article
    Fri, 25 Jul 2008 13:29:51 GMT - Yahoo! News: Economy News
    Consumer confidence rebounds from 28-year low (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. consumer sentiment recovered from early 1980s lows in July as Americans received tax rebate checks from the government but remained pressured by high gasoline prices and falling home values.


    -- read full article
    Fri, 25 Jul 2008 13:58:24 GMT - Yahoo! News: Economy News
    Stocks advance on upbeat economic reports (AP)

    Traders work in the oil futures pit at the New York Mercantile Exchange in New York, Thursday, July 24, 2008. Oil prices rose Thursday after shedding nearly $4 a barrel in the previous day's session on concerns that high fuel prices are dampening demand in the world's biggest energy consuming country.  (AP Photo/Seth Wenig)AP - Upbeat economic data lifted stocks Friday, placating a market pummeled a day earlier by concerns about housing and the financial sector.


    -- read full article
    Fri, 25 Jul 2008 17:50:17 GMT - Yahoo! News: Economy News
    New home sales fall but stronger than expected (Reuters)

    Greg Ohme works on framing a house in North Aurora, Illinois during the worst housing slump in decades July 24, 2008. (Jeff Haynes/Reuters)Reuters - Sales of newly constructed U.S. single-family homes were stronger than expected in June, and inventories shrank to three-and-a-half-year low, a government report showed on Friday, providing a glimmer of hope for the beaten-down housing market.


    -- read full article
    Fri, 25 Jul 2008 14:34:01 GMT - Yahoo! News: Economy News
    Consumers, home sales paint less gloomy picture (Reuters)

    Vacuum cleaners stand on display at a store in Santa Monica, California, May 28, 2008. (Lucy Nicholson/Reuters)Reuters - Consumer sentiment rebounded in July from a 28-year low and business investment rose unexpectedly last month, according to data on Friday that showed rare signs of resilience for the U.S. economy.


    -- read full article
    Fri, 25 Jul 2008 15:24:17 GMT - Yahoo! News: Economy News
    Ask AP: Candidates' salaries, Alaska's pricey gas (AP)

    In this  Tuesday, May 20, 2008 file photo, a recreational vehicle pulls out of a gas station near Anchorage, Alaska. A reader-submitted question about gas prices in Alaska is being answered as part of an Associated Press Q&A column called 'Ask AP.' (AP Photo/Al Grillo, FILE)AP - An awful lot of the oil produced in the United States comes from the nation's northernmost state. So why are gas prices at Alaska's filling stations among the highest in the country?


    -- read full article
    Fri, 25 Jul 2008 16:16:34 GMT - Yahoo! News: Economy News
    US new home sales slip in June, but beat forecasts (AFP)

    Vacant lots sit for sale in an unfinished neighborhood in Illinois, United States. New home sales in the US fell 0.6 percent in June but the pace was better than expected, reflecting a sharp upward revision in May data, the government reported.(AFP/Getty Images/File)AFP - New US home sales fell 0.6 percent in June to a better than expected pace as declining prices appeared to lure wary buyers back into the devastated market, government data showed Friday.


    -- read full article
    Fri, 25 Jul 2008 16:32:27 GMT - Yahoo! News: Economy News
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