The US Economy's Second Quarter Went From Solid to Stellar
The U.S. economy grew at a far faster pace last quarter than economists first had estimated, "bolstering confidence that it will remain sturdy".
Economics
Showing 161 - 179 of 179 Posts
Good Jobs Report Boosts US Economy
The overall unemployment rate ticked down last month. But the real good news is the past upward revisions showing the economy added more than 350,000 private sector jobs over the past three months. Other positive economic reports also came out for the U.S. this week.
Dow Hits 12,000, Consumers Confidence Soars, too
The Dow Jones Industrial Average has once again topped 12,000 -- a level not seen since the summer of 2008, and the consumer confidence level shot up this month to its highest level in 8 months.
Reopening of Maine Paper Mill Stirs Hope
Gloom is giving way to a glow of optimism in two northern Maine towns as a pair of paper mills, once the lifeblood of industry there, is back, and a closely related new industry knocks on the door.
Mortgage Lenders to Pay $26 billion Settlement on 'Robo-Signing' Foreclosure Debacle
The White House and the attorneys general of 49 states announced an agreement with the nation's five largest mortgage providers to provide at least $25 billion to address mortgage and foreclosure abuses. It will not only help thousands of working families right now, it will establish new protections for homeowners going forward.
Powerful First Quarter Brings Optimism to Wall Street, Businesses and US Job Seekers
The stock market just had its best first quarter in 14 years and analysts are scrambling to raise their estimates for the year. In the measurements of seemingly every other indicator of US economic health, optimism bubbled up with each new report released in March.
Canada Records Best Two-month Jobs Gain in 30 years
Canada booked its best two-month employment gain in three decades with news Friday that the economy churned out 58,200 new jobs in April -- a report that was far stronger than anyone anticipated.
Jump in Factory Growth Lifts Hopes for US Economy
Manufacturing grew in February at the fastest pace in 20 months. Busier factories and growing optimism among consumers could help the U.S. economy withstand the drag from government spending cuts and tax increases this year.
Dow Surges to Record … and Keeps Going
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and Great Recession. The Dow Jones industrial average jumped from the opening bell, climbing as much as 158 points early and closing at 14,253.77.
Northern Ireland People Are the Happiest in the UK
14 years after the Irish Peace Accord ended decades of violence and established self-rule for Northern Ireland, the new data demonstrates that two-thirds of citizens there feel happier in their lives than ever before.
Oil Production Revival Helps Libyans Look to the Future
In Libya, the oil is once again flowing. Libya's oil industry is now back up to 90 percent of its pre-war production, earning the income that gives many Libyans confidence that, despite hardship, they do have a shot at a better future
A Fiscal Hero, Rhode Island Treasurer Balances Interests to Reform State Pension Fund
Instead of getting abuse from state teachers whose pensions were cut, Gina Raimondo, Rhode Island's treasurer, who had quarterbacked the major reform, is receiving praise for saving the system from certain calamity. She is being called a fiscal Hero.
Great Job, US! Charitable Giving Hits an All-Time High
Americans gave $358 billion dollars to charity in the last year, breaking the record for most donated in one year.
In Historic Turn, Global Economy Grows While CO2 Emissions Stay Same
or the first time in nearly half a century, that duet between a nation's economic engine and the emissions from power plants and factories seems to ended.
Qatar to Invest $18 Billion in Egypt to Boost Ailing Economy
Egypt's prime minister says Qatar has agreed to invest $18 billion in Egypt over the next five years. The funds aim to help revive Egypt's battered economy and lure back foreign investment that has all but disappeared since last year's uprising.
Madam President: Her Knowledge of Global Finance Erased Liberia's Debt
After an intense three-year campaign, Africa's first woman head of state, Liberian President Ellen Johnson-Sirleaf, has won international forgiveness of its crushing $4.9 billion debt, making way for the revitalization of the war-ravaged West African country.
UN Reports Positive Trends in Afghanistan
The senior United Nations envoy to Afghanistan reported encouraging economic growth for that struggling nation. The country's gross domestic product (GDP) has risen by 13.8 percent in the last year.
Crowdfunding a Greek Bailout, Englishman Raises Quarter Million Euro
Donate cash and get Greek goods in return – that's the idea behind one Englishman's effort to help Greece during its economic crisis.
15 Big Companies Launch Plan to Hire 100K Youth from Poor Neighborhoods
A new coalition of large companies are teaming up to boost job training for youth in low-income neighborhoods and help them get hired for 100,000 good jobs.
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