Wednesday, October 29, 2014
Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months. The declines, however, were likely a temporary soft patch that will likely be followed by a resumption of stronger growth.
Monday, October 27, 2014
The U.S. Federal Reserve is likely to make a final push into the post-crisis era this week with a decision to finally wind up its six-year-old economic stimulus operations.
Saturday, October 25, 2014
U.S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.
Friday, October 24, 2014
U.S. stocks Thursday rose decisively in early trade following a batch of mostly solid earnings reports from Dow members Caterpillar, 3M and others.
The U.S. government is now urging owners of nearly 8 million cars and trucks to have the air bags repaired because of potential danger to drivers and passengers. But the effort is being complicated by confusing information and a malfunctioning website.
Thursday, October 23, 2014
U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign.
Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps.
Sliding oil prices are deepening the budget crisis facing the Venezuelan government, which is already struggling to fund its lavish subsidies and rigid exchange-rate controls, analysts say.
Prominent Dallas businessman Samuel Wyly has filed for bankruptcy protection as he and the estate of his brother face up to US$400 million in penalties after being found liable for hiding stock holdings overseas.