Friday, September 11, 2015
Standard & Poor's cut Brazil's sovereign credit rating to junk Wednesday, citing the struggle of President Dilma Rousseff's government to master mushrooming debt and political turmoil.
Wednesday, September 9, 2015
U.S. equities jumped early Tuesday, joining most major global bourses in rallying following strong gains in the volatile Chinese stock market.
U.S. President Barack Obama denounced Republicans for a "constant attack on working Americans" and said Monday he was using his executive power to force federal contractors to give paid sick leave to their employees.
Saturday, September 5, 2015
Wall Street stocks tumbled in early trade Friday after a mixed U.S. August jobs report clouded the prospects for a Federal Reserve interest rate hike in less than two weeks.
It has been more than a decade since U.S. drivers paid so little to fuel up for that last road trip of summer. The national average price of gasoline this Labor Day weekend will be its lowest at this time of year since 2004, a result of low oil prices and a quiet hurricane season that has allowed refineries to churn out gasoline and diesel.
Friday, September 4, 2015
The U.S. trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.
While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices.
An electric car-sharing service took to the streets of Indianapolis, in the central eastern U.S. state of Indiana, on Wednesday as its French owner hopes to plug into the vast U.S. market.1 Comment
Wednesday, September 2, 2015
U.S. stocks traded sharply lower Tuesday as poor factory data from China sparked another round of global equity selloffs.
Canada fell into recession in the first half of the year, government data confirmed Tuesday, posting its weakest results since the 2008 global financial crisis.