Home » Posts tagged with » economy (Page 6)

Business inventories and sales rose July

Comments Off

U.S. businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March. The Commerce Department says business inventories rose 0.4 percent in July following a similar gain in June. Business sales increased 0.7 percent in July. The strong month for inventory growth shows businesses were… Continue Reading Business inventories and sales rose July

Continue reading …

Economic growth continues in Mountain States

Comments Off

The economy in the mountain states of Colorado, Utah and Wyoming continues to grow, but that growth has slowed slightly, according to the Business Conditions Index put out by the Goss Institute for Economic Research. For nearly two years, the indicators show growth above neutral. The overall index slipped to 56.8 this month from 57.4… Continue Reading Economic growth continues in Mountain States

Continue reading …

President Barack Obama tapped labor economist Alan Krueger for a top administration post Monday, rounding out his White House economic team ahead of a highly-anticipated announcement next week on a new jobs initiative. Obama announced Krueger’s nomination to chair the White House Council of Economic Advisers in a Rose Garden ceremony Monday morning. The president… Continue Reading Obama rounds out econ team ahead of jobs speech

Continue reading …

Federal Reserve Chairman Ben Bernanke signaled Friday that Congress must do more to promote growth, or risk delaying the U.S. economy’s return to full health. Bernanke proposed no new steps by the Fed to boost the economy. But at a time when Congress has been focused on shrinking long-run budget deficits, he warned lawmakers not… Continue Reading Bernanke proposes no new steps to boost economy

Continue reading …

Stocks rise in early trading for second day

Comments Off

Stocks moved higher early Tuesday for the second day in a row, led by technology companies. Cisco Systems Inc. rose the most of the 30 stocks in the Dow Jones industrial average, gaining 2 percent. Microsoft Corp. and Oracle Corp. also rose 2 percent. Bank of America Corp. sank more than 3 percent, the worst… Continue Reading Stocks rise in early trading for second day

Continue reading …

A new survey says salaried U.S. workers can expect another year of modest raises in 2012. After increasing salaries by 2.6 percent this year and last year, companies are planning a 2.8 percent bump in 2012, benefits and human resources consultancy Towers Watson reported Monday. That’s somewhat smaller than raises in the last decade. From… Continue Reading Survey: Small raises for salaried workers in 2012

Continue reading …

Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. The ouster of Libyan leader Moammar Gadhafi’s could allow the nation to resume oil exports, which have stopped during the country’s six-month conflict. That could ease global supply constraints that drove fuel prices to three-year highs earlier this year. But… Continue Reading Oil mixed as Libya conflict seems close to ending

Continue reading …

U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile but is not on the cusp of another recession. Overall industrial production, which includes output by utilities,… Continue Reading Automakers rebound in July to lift factory output

Continue reading …

Gold prices closed higher Tuesday even as some investors put their money back into the stock market, an unusual situation that reflected continued anxiety among investors. Gold prices usually fall when the stock market rises, as it did for much of Tuesday. But gold prices continued to climb. The S&P 500 finished the day up… Continue Reading Gold up with stocks as investors cling to security

Continue reading …

Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession, but it wasn’t enough to prevent another losing day on Wall Street. Employers added 117,000 jobs last month, the Labor Department said Friday. That’s better than the past two months, which were… Continue Reading Unemployment rate dips, economy adds 117K jobs

Continue reading …