Economic News

  • Summer travel forecast: Better, but no blowout AP - 10 minutes ago
    Summer travel forecast: Better, but no blowout

    This summer, high rollers are flying to lavish vacation hot spots for their vacations. The rest of us are headed to places like nearby campgrounds. The good news: At some U.S. campgrounds these days you ...

  • Mass. Senate approves $34 billion spending plan AP - 1 hour 29 minutes ago

    The Massachusetts Senate has given final approval to its version of the state budget, setting the stage for negotiations with the House over the $34 billion spending plan for the fiscal year that starts ...

  • World stocks lower after big sell-off AP - 2 hours 8 minutes ago
    World stocks lower after big sell-off

    World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's ...

  • News Summary: France won't force executive pay cap AP - 2 hours 14 minutes ago

    PROLETARIAT BOURGEOIS: Finance Minister Pierre Moscovici said that the government no longer plans to push for a law to cap executive salaries in the private sector. Instead, Moscovici told reporters that ...

  • Iowa Board of Regents confirms tuition freeze AP - 3 hours ago

    The Board of Regents is following up on its promise of freezing tuition at Iowa's public universities now that an education budget is in the books. The board says the undergraduate tuition freeze, which ...

  • Census: Idaho growth again concentrated in cities AP - 3 hours ago

    New government population estimates show Idaho's growth in 2012 was again concentrated in the cities, with the biggest percentage of growth coming in the southwestern cities of Star, Meridian and Eagle. ...

  • Atlanta mayor: Savannah harbor will get deepened AP - 3 hours ago

    Don't worry, the $652 million plan to deepen Savannah's busy shipping channel remains very much on President Barack Obama's radar, the mayor of Atlanta told coastal business and political leaders Thursday. ...

  • A Trusted Trade That Didn’t Work DailyFX - 3 hours ago

    A Trusted Trade That Didn’t Work

  • France won't force companies to cap executive pay AP - 5 hours ago
    France won't force companies to cap executive pay

    The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Finance Minister Pierre Moscovici announced ...

  • World stocks stabilize after big sell-off AP - 7 hours ago
    World stocks stabilize after big sell-off

    World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, ...

  • Polish jobless rate falls to 14 percent AP - 8 hours ago

    Government data show that Poland's jobless rate fell to 14 percent in April from 14.3 percent the month before, an improvement due largely to seasonal jobs that open up in the warmer months. The figure, ...

  • Taiwan cuts growth forecast on muted export demand AP - 8 hours ago

    Taiwan has lowered its economic growth forecast for 2013 to a muted 2.4 percent as global demand for the island's electronics exports remained subdued. In February, the government predicted 3.6 percent ...

  • Report: France backs off caps on CEO pay AP - 8 hours ago

    France's finance minister says the government is no longer planning to cap executives' salaries in the private sector, amid concerns it is antagonizing the big businesses needed to reinvigorate the economy. ...

  • World stocks erratic a day after big sell-off AP - 8 hours ago
    World stocks erratic a day after big sell-off

    Asian shares traded erratically Friday but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start ...

  • German business confidence unexpectedly rebounds AP - 8 hours ago

    German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday. ...

  • Asia Goes on a Debt Binge as Much of World Sobers Up The Wall Street Journal - 11 hours ago
    Asia Goes on a Debt Binge as Much of World Sobers Up

    In the heart of Kuala Lumpur lies the abandoned foundation of Plaza Rakyat, a never-built skyscraper and shopping mall. Rusty rebar jutting from concrete pilings and fetid green pools of rainwater serve ...

  • Survey: German consumer confidence rises strongly AP - 11 hours ago

    A survey is showing a significant rise in German consumer confidence as people's expectations for the economy and for their own income improve. The GfK institute said Friday that its forward-looking consumer ...

  • Asia stocks extend losses after big sell-off AP - 12 hours ago
    Asia stocks extend losses after big sell-off

    Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's ...

  • Asia stock markets edge up after big sell-off AP - 15 hours ago
    Asia stock markets edge up after big sell-off

    Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's ...

  • Eurozone sees bank union progress by June AFP - 15 hours ago
    Eurozone sees bank union progress by June

    Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told ...

  • German business confidence up unexpectedly in May: Ifo AFP - 18 hours ago
    German business confidence up unexpectedly in May: Ifo

    German business confidence rose unexpectedly in May, data showed on Friday, as businesses in Europe's top economy express satisfaction with their situation and become more optimistic about the future. ...

  • Stocks edge lower as investors reassess Fed fears AP - 20 hours ago
    Stocks edge lower as investors reassess Fed fears

    Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump ...

  • ECB's Draghi: 'Imperative' to set up new bank body AP - 20 hours ago

    European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic ...

  • ECB official: New bank authority 'indispensable' AP - 20 hours ago

    European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic ...

  • Vietnamese inflation lowest in eight months AFP - 20 hours ago
    Vietnamese inflation lowest in eight months

    Vietnamese inflation slowed to its weakest pace in eight months in May, official data showed on Friday, in the latest sign that the communist-run economy is cooling. Consumer prices rose 6.36 percent year-on-year ...

  • Household spending saves Germany from recession AFP - 20 hours ago
    Household spending saves Germany from recession

    Buoyant consumer confidence and increased household spending is keeping Germany, Europe's biggest economy, from recession, despite sagging exports and falling investment, data showed on Friday. The federal ...

  • Lifespan cost-savings to include doc training cuts AP - 22 hours ago

    A plan by Rhode Island's largest health system to save between $100 million and $150 million over the next two and a half years through significant job cuts will also include cuts to its physician training ...

  • April jobless rates fall in most Ill. metro areas AP - 22 hours ago

    Officials say unemployment decreased during April in nine of Illinois' 12 metro areas. The state Department of Employment Security said Thursday that unemployment rates fell in the Illinois suburbs of ...

  • Michigan joblessness falls 0.6 points in April AP - 22 hours ago

    Michigan says that the seasonally unadjusted unemployment rate is down 0.6 percentage points statewide and in most major labor markets. The Department of Technology, Management & Budget released the April ...

  • Michigan budget panel OKs fund boost for colleges AP - 22 hours ago

    Michigan's community colleges and universities could receive roughly 2 percent more in overall funding next fiscal year. Republican-led conference committees approved the community college and higher education ...

  • Wisconsin jobs agency names 4th CFO in 2 years AP - 23 hours ago

    Wisconsin's troubled economic-development agency has hired its fourth chief financial officer in two years. The Wisconsin Economic Development Corp. on Thursday named Stephanie M. Walker as its CFO. The ...

  • Greeks to see no tax relief until budget improves AP - 23 hours ago
    Greeks to see no tax relief until budget improves

    Greece's conservative-led government can't lower taxes before the public deficit falls further, the prime minister said Thursday, but he pledged to eventually slash the corporate tax rate to a flat 15 ...

  • Stocks mixed as investors reassess Fed worries AP - 23 hours ago
    Stocks mixed as investors reassess Fed worries

    Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an ...

  • Between economy and trouble, Obama approval steady AP - 23 hours ago
    Between economy and trouble, Obama approval steady

    The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. He's getting no significant uptick in approval from ...

  • Business events scheduled for Friday AP - Fri, May 24, 2013 3:20 AM AEST

    Major business events and economic events scheduled for Friday: WASHINGTON — Commerce Department releases durable goods for April, 8:30 a.m. Eastern. BERLIN — Germany's Ifo institute releases its monthly ...