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US economy slows sharply
Growth for the first quarter stood at 1.8 percent, down from 3.1 percent in the last three months of 2010.
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Gas prices, bad weather slow the economy
Gas prices, which are still rising, curbed consumer spending during the first quarter of the year. Bad weather, along with high gas prices, may be responsible for the 1.8 percent annual growth rate of the economy.
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Taiwan close to passing luxury tax in response to widening wealth gap
Taiwan's planned tax on everything from speculative real estate deals to yachts targets a politically volatile and growing wealth gap. Parliamentary and presidential elections are scheduled for early next year.
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Government shutdown: Will those who like government least miss it most?
The mail will still go through, as will Social Security payments, veterans benefits, and military pay. Federal employees will still direct plane traffic, inspect food, and prosecute crime. By its own estimates, the federal government represents about 8 percent of the United States economy, so the economic impact of a long government shutdown would eventually affect just about everybody. Even in the short term, some groups will notice. Ironically, some of those who will be affected most are those who like government least. Here's a look at four such groups:
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Portugal bailout: Who's Europe rescuing, and by how much?
Portugal announced today that it would seek a bailout from the European Union, becoming the fourth country in western Europe to request a financial rescue package. All eyes are now on Spain, the last of the so-called PIGS (an acronym for Portugal, Ireland, Greece, and Spain, the least economically robust members of the eurozone) to not request a bailout. Here's a look at the financial rescue packages for each nation.
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Aftershocks: Damage only beginning for Japanese business
Aftershocks for the economy include lost man-hours and sales. Japan will have to quickly rebuild infrastructure damaged by the quake and its aftershocks if its businesses are to rebound soon.
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Japan's 8.9 earthquake lowers oil prices, but they're still above $100 a barrel
8.9 earthquake closes some Japanese refineries. Signs of quiet on planned 'day of rage' in Saudi Arabia also dampen oil prices, but longer outlook is still for strong demand, uncertain supplies.
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Hugo Chávez challenges Venezuelan 'birthright' to cheap gas
In Venezuela, Humberto Patadilla pays just under $1 for 21 gallons of gasoline. If Hugo Chávez raises gas prices, he says, it could 'cause an explosion against him.'
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Oil prices ease as Saudis step up
Oil prices slipped to around $97 a barrel as fears eased on Libyan supply cuts. Saudi Arabia signals it could boost supplies to contain surge in oil prices.
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Consumer confidence rises to three-year high
Consumer confidence index hits better-than-expected 70.4.
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Home construction jumps 10.5 percent in August
Home construction rose 10.5 percent in August from a month earlier to a seasonally adjusted annual rate of 598,000, the Commerce Department said Tuesday. That's the highest level since April.
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Consumer prices rise 0.3 percent in August
Consumer prices were boosted by a big jump in gasoline prices. Core inflation was flat.
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Layoffs are back in the discussion about US economy
Layoffs are once again on the rise across the country, not good news for an economy that's moving in fits and starts.
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Productivity weakens. Time to cheer?
Productivity fell 0.9 percent last quarter, suggesting that US companies will slowly start to hire more workers.
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Homes for sale: New home sales rebound, prices keep falling
Homes for sale: New home sales rose in June, suggesting that the housing market is beginning to recover.
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Mortgage rates fall to record lows. Time to buy?
Mortgage rates are the lowest they've been in more than 50 years. But mortgage rates are only part of the equation.
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US economy faces tough road ahead with slower growth
US economy grew at an annual rate of 2.7 percent in the first quarter of 2010, due to lower consumer spending and higher imports.
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Economic recovery awaits the housing market
The housing market hasn’t yet been corrected: there are still millions of homeowners who paid too much and whose houses are now worth less than what they owed. It’s a matter of time until they default or their debt is restructured.
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New home sales plunge to record low
New home sales fall to an annual rate of 300,000, the lowest level since at least 1963.
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Queen Elizabeth II accepts support freeze; Europe's faces tough cuts
Queen Elizabeth II accepts support freeze, sales taxes are increased, and deep budget cuts are eyed by Europe.
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US adds 55,000 jobs. Wait, it's gotta be more.
The ADP survey says the economy added 55,000 jobs in May. But Friday's official numbers are almost certain to show a healthier jump.
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Personal income up in April
Personal income rises for six straight months, a sign recovery is back on track.
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Home values headed to new lows?
Two new reports show home values falling again. They could dip below last year's lows, some economists say.
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Fallout from Greek debt crisis: low interest rates in US
US consumers are seeing lower interest rates on mortgages, car loans, even credit cards, as investors flee the euro because of the Greek debt crisis.
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Gold price hits record as investors shy away from euro
Metals like gold and silver have become a core holding for more investors as they focus on the risks that lie in sovereign balance sheets. The gold price was as high as $1,245.80 per ounce Wednesday.
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