JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
MALJAMAR, N.M. — Wooing a nation of increasingly angry motorists, President Barack Obama and his Republican rivals are all plunging into gas-pump politics, seeking the upper hand as energy becomes a driving issue in the election campaign.
MESA, Ariz. — Primed for a fight, Mitt Romney and Rick Santorum traded fiery accusations about health care, spending earmarks and federal bailouts Wednesday night in the 20th and possibly final debate of the roller-coaster race for the Republican presidential nomination.
Without a doubt many people have heard news reports over the past few years where some economic analyst proclaims that the economy has finally taken a turn for the better and people’s lives are improving. After hearing the opinion of this talking head, many may be left thinking one of two things. Is the person who is offering this opinion so totally out of touch with reality that they haven’t got the slightest clue how people are continuing to suffer in our lethargic economy? Or, alternatively, some may ask themselves — particularly if these good-news reports seem to continue week after week — if their lot in life is so lacking and their efforts so undervalued in the marketplace that they are falling behind while everyone else is finally recovering?
WASHINGTON — The outlook for the job market is looking brighter.
WASHINGTON — Social Security recipients will get a raise in January — their first increase in benefits since 2009. It’s expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released.
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.