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    U.S. Economy Headlines
    Economic models predict clear Obama win in November (Reuters)

    Democratic presidential candidate Senator Barack Obama shakes hands with supporters at the Wynnewood Station near Philadelphia, April 19, 2008. (Tim Shaffer/Reuters)Reuters - It really is the economy, stupid! Economic models that have correctly predicted the winner of almost all post-war U.S. presidential elections say recession fears will secure a victory for Barack Obama in November.


    -- read full article
    Fri, 01 Aug 2008 15:45:44 GMT - Yahoo! News: Economy News
    Jobless rate highest in 4 years (Reuters)

    A line of job seekers stretches out of a hotel doorway as they wait to enter a Monster.com job fair in Los Angeles, California July 23, 2008. (Fred Prouser/Reuters)Reuters - The U.S. unemployment rate hit its highest level in four years during July as employers cut jobs for a seventh straight month, though less severely than predicted, a Labor Department report showed on Friday.


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    Fri, 01 Aug 2008 16:05:28 GMT - Yahoo! News: Economy News
    Manufacturing activity flat in July: ISM (Reuters)

    An assembly worker in a file photo. Factory activity was unchanged in July from June, but better than expectations for a contraction in the sector, while inflation pressures moderated, according to a report released on Friday. (File/Reuters)Reuters - U.S. factory activity held up to stand unchanged in July from June, managing to defy forecasts of a contraction and showing inflation pressures moderating, according to a report released on Friday.


    -- read full article
    Fri, 01 Aug 2008 16:36:46 GMT - Yahoo! News: Economy News
    Manufacturing flat in July as exports keep growing (AP)
    AP - Higher prices, tight credit and a gloomy economy kept U.S. manufacturers from growing in July, but exports helped prop them up. -- read full article
    Fri, 01 Aug 2008 16:39:14 GMT - Yahoo! News: Economy News
    Jobless rate rises to 4-year high of 5.7 percent (AP)

    A jobseeker rests during an employment test at the employment training facility, JobTrain, in Menlo Park, Calif., Wednesday, July 30, 2008.  The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.  (AP Photo/Paul Sakuma)AP - The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.


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    Fri, 01 Aug 2008 17:29:45 GMT - Yahoo! News: Economy News
    Construction spending falls 0.4 percent in June (AP)

    A construction worker walks along the roof line of new senior living community being built in Chagrin Falls, Ohio on Friday, Aug. 1, 2008.  Construction spending fell for the 11th time in the past 13 months in June as continued steep declines in housing activity offset strength in nonresidential building activity.  (AP Photo/Amy Sancetta)AP - Construction spending fell for the 11th time in the past 13 months in June as continued steep declines in housing activity offset strength in nonresidential building activity.


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    Fri, 01 Aug 2008 18:06:39 GMT - Yahoo! News: Economy News
    GM, Ford, Toyota July U.S. sales drop, Nissan's up (Reuters)

    The sign outside a Ford dealership in Broomfield, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - U.S. auto sales tumbled in July, reflecting a deepening downturn in the industry, with tight credit and weak consumer confidence driving General Motors Corp , Ford Motor Co and Toyota Motor Corp (7203.T) to post double-digit declines.


    -- read full article
    Fri, 01 Aug 2008 18:25:01 GMT - Yahoo! News: Economy News
    Dow and S&P fall on Exxon and weak economic data (Reuters)

    Trading specialists work on the floor at the New York Stock Exchange, July 16, 2008. (Chip East/Reuters)Reuters - Stocks fell on Thursday, led by Exxon Mobil after its earnings fell short of Wall Street's expectations and as disappointing economic data revived fears of a U.S. recession.


    -- read full article
    Thu, 31 Jul 2008 20:39:06 GMT - Yahoo! News: Economy News
    Data quirk blamed for U.S. jobless claims spike (Reuters)
    Reuters - A new law extending the number of weeks unemployed U.S. workers can collect jobless benefits may cause initial filings for aid to overstate labor market weakness over the next several weeks. -- read full article
    Thu, 31 Jul 2008 19:52:14 GMT - Yahoo! News: Economy News
    Banks, Wall Street firms step up Fed borrowing (AP)

    Democratic presidential candidate Barack Obama and Federal Reserve Chairman Ben Bernanke in a combination image. Obama met Bernanke on Tuesday, discussing the risk of further deterioration in a weakening U.S. economy. (Files/Reuters)AP - The Federal Reserve says banks and Wall Street firms stepped up their borrowing over the past week from its emergency lending program.


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    Thu, 31 Jul 2008 20:41:20 GMT - Yahoo! News: Economy News
    Rebates helped economy — some — in second quarter (AP)

    Ramon Pichardo waits to take the subway home after appying for unemployment benefits with the New York State Department of Labor on Wednesday, July 30, 2008. Pichardo recently lost his job as a cook. An unexpected jump in weekly unemployment claims reported Thursday by the Labor Dept. stirred concern about the health of the nation's businesses and consumers. (AP Photo/Mark Lennihan)AP - The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks — and actually shrank late last year.


    -- read full article
    Thu, 31 Jul 2008 20:45:51 GMT - Yahoo! News: Economy News
    Global slowdown may put U.S. in recession: Greenspan (Reuters)

    Former U.S. Federal Reserve chairman Alan Greenspan speaks at the Per Jacobsson Foundation Lecture on the 'Balance of Payments Imbalances' at the International Financial Corporation in Washington October 21, 2007. (Yuri Gripas/Reuters)Reuters - Former Federal Reserve Chairman Alan Greenspan said on Thursday that a slowing global economy may push the United States into recession, though it is not yet in one.


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    Thu, 31 Jul 2008 20:47:26 GMT - Yahoo! News: Economy News
    Can Paulson Save the Economy? (Time.com)

    A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Treasury Secretary Henry Paulson said Thursday he expects Time.com - The Treasury Secretary made his reputation as a Wall St. dealmaker, but heading off a recession will be a tougher job


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    Thu, 31 Jul 2008 21:35:00 GMT - Yahoo! News: Economy News
    Stressed banks borrow record amount from Fed (Reuters)

    A pedestrian passes in front of the Federal Reserve Building in Washington January 22, 2008. (Kevin Lamarque/Reuters)Reuters - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.


    -- read full article
    Thu, 31 Jul 2008 21:45:58 GMT - Yahoo! News: Economy News
    Wall Street slides on GDP, jobless data (AP)

    Traders work on the floor of the New York Stock Exchange, June 11, 2008. (Brendan Mcdermid/Reuters)AP - Wall Street sank Thursday, after weak readings on economic growth and the job market touched off renewed concerns about the financial health of businesses and consumers. The Dow Jones industrial average fell more than 200 points.


    -- read full article
    Thu, 31 Jul 2008 21:55:18 GMT - Yahoo! News: Economy News
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