Wednesday, September 3, 2014
U.S. President Barack Obama renewed his push for Congress to raise the U.S. minimum wage Monday in a buoyant accounting of the economy's “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections.
Monday, September 1, 2014
A city home-repair program has been sprinting to meet a self-imposed deadline to signal a turnaround in Superstorm Sandy recovery, and officials say they're positioned to pass their test of rebuilding both houses and confidence.
Sunday, August 31, 2014
Brazil, Latin America's largest economy, has slid into recession, further weakening President Dilma Rousseff, who faces an increasingly tough re-election battle on Oct. 5.
Mexico's state-owned oil company Petroleos Mexicanos estimates its crude production will increase to 2.4 million barrels per day in 2015, compared with the 2.35 million barrels per day it expects to produce this year, a company official said Friday.
Saturday, August 30, 2014
U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.
Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.
The International Monetary Fund (IMF) on Thursday urged the U.S. to boost incomes for the poor, including raising the minimum wage, saying that would help sustain the country's rebound from the Great Recession.
Friday, August 29, 2014
After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.
The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.
Thursday, August 28, 2014
Economists appear to be of two minds about the U.S. Federal Reserve.