| Dec 20, 2013
| 4:56 PM
WASHINGTON — Adding to the rosier economic outlook for next year, revised government data show the economy grew in the third quarter at the fastest pace in nearly two years as American consumers spent billions of dollars more than originally...
| Dec 19, 2013
| 6:20 PM
WASHINGTON — Now that the Federal Reserve has started to ease a key economic stimulus, the reins of managing monetary policy to finish the job soon will be turned over to Janet L. Yellen, the central bank's vice chair.
She won't find it easy....
| Dec 9, 2013
| 6:43 PM
WASHINGTON — American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values.
Total household net worth — assets minus liabilities — expanded 2.6%,...
| Dec 4, 2013
| 5:38 PM
WASHINGTON — The nation's economic recovery, seemingly stuck in another pothole after the 16-day federal government shutdown, now looks to be back on track again — and accelerating into the new year.
Recent data, especially this week, have...
| Dec 4, 2013
| 5:00 AM
When a train derails and people die, as happened Sunday in New York, there are going to be lots of questions. Eventually, there will be answers to most. But will anyone be able to answer this question: How much are the lives of train passengers worth?...
| Nov 30, 2013
| 7:10 PM
U.S. retailers eked out a 2.3% sales gain on Thanksgiving and Black Friday, in line with a prediction for the weakest holiday results since 2009.
Sales at bricks-and-mortar stores on Thanksgiving and Black Friday increased to $12.3 billion, according to...
| Nov 26, 2013
| 7:57 PM
Home prices across the U.S. are showing signs of slower growth, but a recent upswing in new construction plans is injecting the market with optimism that the housing recovery has more momentum left.
Building permits for new homes jumped 6.2% in...
| Oct 30, 2013
| 5:58 PM
WASHINGTON — The Federal Reserve kept intact its large-scale campaign to stimulate the economy, saying it was awaiting more evidence of sustainable progress in the recovery.
Although the Fed's decision Wednesday to hold the line on its monthly...
| Nov 15, 2013
| 7:51 AM
WASHINGTON -- Moody's Investor Services on Friday said it cut the credit ratings for four big U.S. banks because of reduced chances the government would bail them out in a future crisis.
The ratings for bank holding company debt of JP Morgan Chase & Co....
| Nov 8, 2013
| 4:20 PM
WASHINGTON — All of a sudden, the American economy is looking very resilient — much more so than experts had thought.
Despite forecasts that job growth would be sapped by the budget impasse and government shutdown, employers in the U.S....
| Nov 1, 2013
| 12:11 PM
Credit ratings agency Moody’s Investors Service Inc. said Friday that it is reviewing Sony Corp.'s credit rating and could downgrade it to junk status.
The news comes one day after Tokyo-based Sony, which reports its earnings in yen but provides...