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Food and gas costs push up wholesale prices, report says
Wholesale prices in the U.S. grew last month, pushed up slightly by rising food and gas costs. The producer price index – or changes in prices over time that U.S. producers can get for their goods -- climbed 0.5% in May compared to April, the...
Tags: Money and Monetary Policy, Prices, Memorial Day, Economy, Business and Finance, Finance
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IMF urges U.S. to repeal 'ill-designed' sequester cuts
WASHINGTON -- The International Monetary Fund on Friday urged U.S. officials to scale back its automatic federal spending cuts, warning that they were "excessively rapid and ill-designed" and were hurting the nation's economic recovery "The sequester...
Tags: Christine Lagarde, U.S. Congress, International Monetary Fund, Politics, International Organizations
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Refinancing into shorter mortgages appears to grow more popular
WASHINGTON — The refinancing boom may be cooling down, but the move to shorter mortgages — especially 10-year loans among pre-retirees — appears to be accelerating. Some community banks say 10-year mortgages, once an insignificant...
Tags: Windsor (Hartford, Connecticut), South Windsor, Mortgages, The Washington Post, Rockville (Bethlehem, Pennsylvania)
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IMF warns U.S. not to scale back stimulus too soon
WASHINGTON — Amid speculation that the Federal Reserve soon might start scaling back its stimulus efforts, the International Monetary Fund cautioned that a pullback before next year could hurt economies worldwide. Highlighting its concern Friday,...
Tags: U.S. Congress, Economy, International Organizations, Politics, Public Finance
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Freddie Mac: 30-year mortgage rate rises to 3.98%, 14-month high
Are 30-year fixed-rate mortgages with interest rates beginning with a “3” soon to become something found only in the history books? That prospect appeared more likely Thursday, as Freddie Mac reported that the average rate that lenders...
Tags: Mortgages, Credit Ratings, Freddie Mac
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Initial jobless claims drop to 334,000
WASHINGTON -- New jobless claims dropped more than expected last week, nearing a five-year low and continuing a downward trend this month that bodes well for the labor market. There were 334,000 people who applied for unemployment benefits for the first...
Tags: Employment Opportunities, Economic Indicator, Career and Workplace, Unemployment Benefits, Employment
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Markets likely to stay jumpy as investors fret over end of easy money
NEW YORK -- Jumpy markets may not calm down anytime soon. Stocks have become increasingly volatile in recent weeks, moving sharply higher or lower -- and then abruptly reversing -- at the slightest hint a central bank may tighten the spigot of easy...
Tags: Money and Monetary Policy, T. Rowe Price, Bonds, Central Bank, ING Group
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Employers add 175,000 jobs in May
WASHINGTON — The nation kept up its moderate pace of job growth in May, a reassuring sign that the American economy is moving forward despite federal spending cuts and little help from a lackluster global economy. Employers in the U.S. last...
Tags: Consumer Confidence, Unemployment, Beijing (China), Unemployment Rate, Lifestyle and Leisure
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Dow surges nearly 200 points on global rally, U.S. housing report
NEW YORK -- Stocks surged more than 1% in early trading after unexpectedly strong gains in the U.S. housing market and consumer confidence, following a rally in global markets. The Dow Jones industrial average shot up 199.29 points, or 1.3%, to 15,502....
Tags: Money and Monetary Policy, Memorial Day, Consumer Confidence, Japan, Economic Indicator
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U.S. economy adds 175,000 jobs in May
U.S. employers added 175,000 jobs in May, a figure that shows steady hiring but is below the more robust pace that took place during the fall and winter. The Labor Department said Friday that the unemployment rate rose to 7.6 percent from 7.5 percent in...
Tags: Employment Opportunities, Social Security, Unemployment Rate, Unemployment, Career and Workplace
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Greenspan says Federal Reserve should start tapering stimulus
WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan said the central bank should start tapering its stimulus program and begin reducing its dramatically swelled balance sheet -- whether the economy is ready for it or not. "My view is the sooner...
Tags: Financial Markets, Unemployment Rate, Ben Bernanke, Employment, Money and Monetary Policy
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Wall Street is happy with May jobs report
NEW YORK -- Conventional wisdom said that good news in the jobs market would lead to bad news in the stock market Friday morning. Investors, seeing decent jobs data, would assume that the Federal Reserve would stop pumping money into the economy, and...
Tags: Unemployment Rate, Unemployment, The Home Depot, Stock Market, Career and Workplace
Jun 14, 2013
|Story| Los Angeles Times
Jun 14, 2013
|Story| Los Angeles Times
Jun 14, 2013
|Story| Los Angeles Times
Jun 15, 2013
|Story| Los Angeles Times
Jun 13, 2013
|Story| Los Angeles Times
Jun 13, 2013
|Story| Los Angeles Times
Jun 11, 2013
|Story| Los Angeles Times
Jun 8, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| Los Angeles Times
Jun 7, 2013
|Story| AP Member Choice Complete
Jun 7, 2013
|Story| Los Angeles Times
Jun 7, 2013
|Story| Los Angeles Times
