Wednesday, August 27, 2014
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
Despite California's ever-present risk of major earthquakes, the number of homeowners in the state with insurance coverage for quake damage has dipped significantly over the past several decades, from 33 percent in 1996 to just 10 percent today.
Tuesday, August 26, 2014
How quickly can a nation wean itself from fossil fuels and move toward reliance on renewable energy? In the case of Nicaragua, very, very fast.
A majority of economists believe the U.S. Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists (NABE).
Saturday, August 23, 2014
A federal judge on Thursday declared Florida's ban on same-sex marriage unconstitutional, joining state judges in four counties who have sided with gay couples.
Bank of America's record US$16.65 billion settlement for its role in selling shoddy mortgage bonds — US$7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.
Friday, August 22, 2014
One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” Wednesday after Buenos Aires moved to shift its bond payment method.
Thursday, August 21, 2014
Buenos Aires on Tuesday moved to pay bondholders domestically after a U.S. bank left it unable to do so, President Cristina Kirchner said.
Wednesday, August 20, 2014
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.