January 29th, 2012
The economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
Gross domestic product expanded at a 2.8 percent annual rate, the Commerce Department said on Friday, a sharp acceleration from the 1.8 percent […]
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January 25th, 2012
Stocks are opening mostly lower ahead of a statement from the Federal Reserve and a news conference by its chairman.
The Fed will offer details Wednesday about how long it plans to keep interest rates very low. It also will release an economic forecast. Later, Fed Chairman Ben Bernanke will take questions from reporters.
Traders continue to […]
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December 22nd, 2011
+%3Cp%3E+Homebuilder+sentiment+perked+up+in+December+for+the+third+month+in+a+row%2C+to+its+highest+level+in+a+year+and+a+half%2C+the+National+Association+of+Home+Builders+said+on+Monday.%3C%2Fp%3E+%3Cp%3EThe+NAHB%2FWells+Fargo+Housing+Market+index+rose+to+21+from+a+downwardly+revised+19+in+November%2C+the+group+said.+Economists+polled+by+Reuters+had+predicted+a+reading+of+20.%3C%2Fp%3E+%3Cp%3EThe+index+was+at+its+highest+level+since+May+2010.%3C%2Fp%3E+%3Cp%3E%22While+builder+confidence+remains+low%2C+the+consistent+gains+registered+over+the+past+several+months+are+an+indication+that+pockets+of+recovery+are+slowly+starting+to+emerge+in+scattered+housing+markets%2C%22+NAHB+Chairman+Bob+Nielsen+said+in+a+statement.%3C%2Fp%3E+%3Cp%3EAfter+stagnating+in+a+tight+range+for+about+a+year%2C+the+index+has+been+improving+since+October%2C+giving+weight+to+analysts%27+views+that+the+housing+market+is+finally+finding+a+bottom.%3C%2Fp%3E+%3Cp%3EEven+with+December%27s+gain%2C+home+builder+sentiment+is+still+historically+low+and+well+below+the+50+mark%2C+indicating+more+builders+view+market+conditions+as+poor+than+favorable.+The+index+has+not+been+above+50+since+April+2006.%3C%2Fp%3E+%3Cp%3E%22We%27re+not+looking+for+numbers+next+year+to+come+anywhere+close+to+the+kind+of+numbers+that+we+saw+pre-recession%2C+but+we+do+think+the+housing+market+is+setting+up+for+a+plus+year+in+2012+in+terms+of+new+home+construction%2C+as+well+as+sales%2C%22+said+Steve+Blitz%2C+senior+economist+at+ITG+Investment+Research+in+New+York.%3C%2Fp%3E+%3Cp%3EThe+current+sales+component+rose+to+22+from+20%2C+while+the+gauge+of+sales+expectations+for+the+next+six+months+rose+to+26+from+25.%3C%2Fp%3E+%3Cp%3EThere+was+little+impact+in+financial+markets+from+the+data+as+investors+focused+on+developments+in+the+euro+zone+and+uncertainty+following+the+death+of+North+Korean+leader+Kim+Jong-il.%3C%2Fp%3E++%3Cp%3E%3Ca+href%3D%27http%3A%2F%2Fwww.reuters.com%2Fassets%2Fprint%3Faid%3DUSTRE7BI0ZA20111219%27+rel%3D%27nofollow%27%3ERead+more%3C%2Fa%3E%3C%2Fp%3E+
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November 11th, 2011
Asia-Pacific finance ministers agreed to push ahead with efforts to boost growth and trade, and to fend off financial crisis through reforms, U.S. Treasury Secretary Timothy Geithner said Thursday.
The government debt crisis in Europe remains the central challenge to global growth, Geithner said ahead of a Pacific rim summit this weekend that encompasses economic giants […]
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October 30th, 2011
The 40 largest employers in the St. Louis region represent just a tiny fraction of all local employers. But they wield tremendous hiring clout, employing more than 260,000 people, or a fifth of all jobs here.
If only they were hiring more. Just 12 of the 40 are actively recruiting to expand their workforce, according to […]
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October 18th, 2011
Russian Prime Minister Vladimir Putin has praised himself as Russia’s “most hardworking” leader since World War II.
In his first lengthy interview since last month’s announcement that he will seek a third presidential term, the 59-year-old prime minister said that Communist-era leaders were not physically capable and did not have “the will” to run the country […]
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October 1st, 2011
ST. LOUIS
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September 26th, 2011
World governments must not let their focus on spending cuts keep them from creating jobs that will be a key part of economic recovery, an international group of experts warned on Monday.
The Organization for Economic Cooperation and Development and the International Labor Organization say government support for the unemployed _ both with subsidies and job […]
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September 10th, 2011
After months of talk that Europe can only be saved by slashing its spending, a growing chorus of voices is calling for a new tack, encouraging governments to instead stimulate growth _ even if that means spending money.
As a slowdown in the global economic recovery threatens to undo Europe’s austerity efforts, experts are reviving a […]
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September 7th, 2011
OTTAWA
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