Stocks climb for 3rd day after jobless claims fall

Investors are getting enthusiastic about stocks again after some reassuring news from the job market. Investing – Business – Retailing – Stock – Stocks and Bonds ... Read more

Tapped-out consumers weigh on recovery

In past U.S. recessions, consumers tightened their belts when the economy was contracting, and began spending again once growth returned. This time may be different United States – Recession... Read more

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New jobless claims drop sharply

New claims for unemployment benefits dropped sharply last week, but they have yet to reach levels that most economists say would signal strong job creation. Unemployment benefits – Jobless claims... Read more

Consumer borrowing falls sharply again in May

Consumer borrowing fell again in May, more evidence that Americans remain jittery over their finances and the durability of the economic recovery. Consumer Information – Home – Advocacy... Read more

Nation’s retailers post tepid June sales

Americans didn’t go on many shopping sprees in June, resulting in sluggish sales for many retailers. Retail – Business – Shopping – Salesmanship – Marketing and Advertising ... Read more

Berkshire downgraded to ‘sell’ due to economy

An analyst advised investors Thursday to sell shares of Warren Buffett’s Berkshire Hathaway Inc. because the economy may weaken over the rest of the year and hurt demand for its businesses that rely... Read more

ECB, Bank of England keep rates on hold

The European Central Bank left its benchmark interest rate unchanged at a record low of 1 percent for the 14th consecutive month on Thursday. Bank of England – Interest rate – Business... Read more

Obama touts effort to expand U.S. exports

President Barack Obama declares good progress on his pledge to double U.S. exports over the next five years. Barack Obama – United States – China – President – History ... Read more

U.S. service sector grew more slowly in June

The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that the economic recovery is weakening as the second half of the year begins. United States... Read more

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