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President Barack Obama said job losses are “bottoming out” and the U.S. economy looks to be growing again even as he warned against cutting off government aid “so soon that the recovery doesn’t take flight.”
Obama, speaking to Bloomberg News one year after the bankruptcy of Lehman Brothers Holdings Inc. crippled the economy, voiced […]
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Bank of America Corp. Chief Executive Officer Kenneth Lewis told investors in Japan his “optimistic side is coming back” and the U.S. economy may rebound more rapidly than expected.
“There is a potential for a rebound that beats the forecasts,” Lewis said in a speech prepared for a Bank of America Merrill Lynch conference […]
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Hungary’s falling inflation rate makes the case for a third consecutive interest-rate cut this month as the central bank seeks to jolt the economy out of a recession, economists said.
The bank will lower the benchmark two-week deposit rate by at least half a percentage point to 7.5 percent on Sept. 28, according to […]
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I have to admit it’s getting better. A little better all the time.
Yup, I’ve succumbed to the latest round of Beatlemania — don’t the digitally rendered lads from Liverpool look fab in "Rock Band"? — but so have investors. And Wall Street has been acting more like cheery, optimistic Paul than brooding cynic […]
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The U.S. economy will pull out of the recession at a faster pace than previously forecast, before slowing as the end of the government’s auto-rebate program weighs on consumer spending, a survey of economists showed.
The economy will expand at a 2.9 percent annual rate in July through September, according to the median of […]
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The U.S. economic recovery will probably be “lackluster,” hobbled by strains in financial markets and weak consumer spending, Federal Reserve Bank of Atlanta President Dennis Lockhart said.
“Over the medium term, I see a slow recovery with ongoing repair of the financial sector,” Lockhart said today in remarks prepared for a speech in Jacksonville, […]
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French business confidence rose for a sixth month in August after recovering exports and government stimulus helped end the worst recession since World War II.
The Bank of France’s Business Sentiment Indicator climbed to 89 from 87 in July, the central bank said today. That’s the highest since August 2008. The Bank of France […]
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Central bankers and regulators adopted “new standards” for the global financial industry in a step to prevent a repeat of the worst economic crisis since the Great Depression.
The panel that oversees the Basel Committee on Banking Supervision, meeting after the Group of 20 nations sought to extend their reach into banks’ pay and […]
It was never Christmas, Thanksgiving, the Fourth of July or even Halloween.
Be that as it may, the nation’s working men and women once got their due on the first Monday in September with well-attended parades and testimonials celebrating the strength of the middle class.
Today, labor leaders acknowledge, Labor Day is little more […]
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Back-to-school sales for major national retailers fell from last year, but the results were stronger than analysts expected, thanks in part to discounters.
August same-store sales, sales at stores open a year or more, fell 2.9% overall from last year, Thomson Reuters reported. Analysts had expected a 3.8% decline as consumers continue to feel the […]
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