Americans spending a bit more as gas prices fall
WASHINGTON — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
May 15 2012 | Posted in AP News | Read More »
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Job growth slowed again in April; rate ticks down
WASHINGTON — One month of slower job growth might have been a blip. Two suggest a worrisome trend: The economy may be faltering again.
May 5 2012 | Posted in AP News | Read More »
Hiring standstill points to growing recession risk
WASHINGTON — Employers added no jobs in August — an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.
Sep 2 2011 | Posted in AP News | Read More »
Economists see growing risk of global recession
WASHINGTON — Discouraging economic data from around the globe have heightened fears that another recession is on the way. Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region’s debt crisis and sputtering economy. The rising anxiety ignited a huge sell-off in stocks that led many investors to seek the safety of U.S. Treasurys.
Aug 18 2011 | Posted in AP News | Read More »
Shoppers lift economy but will they keep spending?
WASHINGTON — The economy might not be on the brink of another recession after all. Consumers, who drive most economic growth, spent more on cars, furniture, electronics and other goods in July — and more in May and June than previously thought. That burst of activity is encouraging because it shows many Americans were willing to spend despite high unemployment, scant pay raises, steep gas prices and diminished wealth. If it keeps up, the economy might rebound after growing at an annual rate of just 0.8 percent in the first half of 2011.
Aug 12 2011 | Posted in AP News | Read More »
Recession risks up amid slow growth, debt standoff
WASHINGTON — The economy is at risk of slipping into another recession.It nearly stalled in the first six months of the year, the government reported Friday. Economic growth was feeble in the second quarter and practically non-existent in the first.
Jul 29 2011 | Posted in AP News | Read More »
Lagarde chosen to lead IMF; first woman in top job
WASHINGTON — French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization.
Jun 28 2011 | Posted in AP News | Read More »
Cautious consumers could see lower prices ahead
WASHINGTON — Consumers are spending cautiously in the face of still-high gasoline and grocery-store prices and restraining the economy’s growth.
Jun 14 2011 | Posted in AP News | Read More »