US economy – News Stories About US economy - Page 28

Venture Capitalists Predict Rebound After 2008

Dec 28, 2007 2:49 PM CST

Venture Capitalists Predict Rebound After 2008

VCs support Clinton over Giuliani

(Newser) - After gazing into its crystal ball this month, the National Venture Capital Association has come up with a picture of a bullish post-2008, post-election future. In the prediction, the new President Clinton manages a still-reeling economy as the number of VC firms wanes and the size of the funds they...

Quality Boosts US Exports

Dec 26, 2007 12:55 PM CST

Quality Boosts US Exports

Experts credit weak dollar, manufacturing know-how for surge

(Newser) - The sinking dollar is fueling a booming export market in tractors, medical equipment, and electrical machinery, helping some US manufacturers overcome a falloff in domestic sales, reports the Washington Post. The trend may even help reduce the trade deficit: For 2007, US exports are projected to increase even more than...

Art Market Sails Over Turmoil

Dec 26, 2007 6:01 AM CST

Art Market Sails Over Turmoil

Weak dollar, overseas buyers help keep prices high

(Newser) - US financial markets were in chaos this year, but the art market certainly wasn't. The expanding ranks of the super-rich, the weak dollar, and emerging connoisseurs from Russia, China, India, and the Middle East kept auction houses in fine form, the AP reports, with postwar and contemporary works—including a...

Citing US Troubles, Illegal Immigrants 'Self-Deport'

Dec 25, 2007 10:04 PM CST

Citing US Troubles, Illegal Immigrants 'Self-Deport'

Immigrants face tougher law enforcement and worsening economy

(Newser) - More illegal immigrants in the US are "self-deporting" back to their home countries in the face of stricter immigration enforcement and a worsening economy, Reuters reports. "The situation has got so tough that there don't seem to be many options left for us," said a Mexican immigrant....

Late Shoppers Spread Some Holiday Cheer

Dec 25, 2007 7:30 AM CST

Late Shoppers Spread Some Holiday Cheer

But not enough to rescue some slumping retailers

(Newser) - Shoppers swarmed in a last-minute buying binge that will help most, but not all, retailers make the season’s sales projections. For the week ended Saturday sales rose 33% over a year ago and for the final weekend of the season were up 18.7%, reports the Los Angeles Times....

2007: Asia's Banner Year

OPINION

Dec 24, 2007 2:19 PM CST

2007: Asia's Banner Year

Bloomberg praises those who fuel the region's return to economic power

(Newser) - Asia's economies are soaring so mightily that Bloomberg columnist William Pesek is passing out awards for Asia's big players in 2007. They range from a “Money Talks” prize, for Arab and Asian leaders who bailed out Wall Street banks, to the “Howard's End” trophy, for Australian PM Kevin...

Weaker Dollar Revamps World Economy

Dec 24, 2007 11:04 AM CST

Weaker Dollar Revamps World Economy

Americans lose pride, buying power, but gain jobs and sales abroad

(Newser) - A declining US dollar is sparking changes worldwide, drawing jobs to the States and spurring sales of US goods, but also ending an age of rich Americans abroad and hurting economies that are pegged to the note. Its 7-year, 40% drop against the Euro is no short-term slide either, experts...

Retailers Slash Prices to Boost Slumping Season

Dec 23, 2007 6:43 PM CST

Retailers Slash Prices to Boost Slumping Season

Plagued by high gas and food prices, shoppers hold out for bargains

(Newser) - Retailers slashed prices nationwide this weekend in a bid to draw last-minute shoppers and lift a slumping holiday season, Bloomberg reports. Pressed by high gas and food prices, consumers are holding out for zero-hour deals; retailers have obliged with half-off sales and extra hours, counting on the last days before...

A Tale of 2 (Rich) Candidates

Dec 23, 2007 11:52 AM CST

A Tale of 2 (Rich) Candidates

Edwards, Romney draw different lessons from good fortune

(Newser) - John Edwards and Mitt Romney are both self-made millionaires who used their wealth to climb the political ladder, the New York Times reports. But Edwards is an old-school populist who chalks up the current 1920s-level income gap to Reaganesque policies eroding the middle class, while Romney thinks the key to...

World Bank Cuts China's Economy Down to Size

Dec 18, 2007 7:44 AM CST

World Bank Cuts China's Economy Down to Size

World Bank says the world's second-largest economy is poorer than thought

(Newser) - China's economy, predicted to become the world’s largest by 2012, actually is 40% smaller than previously estimated, the World Bank concludes, after updating the way it calculates GDP. Although China’s $5.33-trillion economy is still the second largest in the world behind the $12-trillion US, the new appraisal...

Ho-Hum Season Sees Drop in Women's Apparel Sales

Dec 17, 2007 2:07 PM CST

Ho-Hum Season Sees Drop in Women's Apparel Sales

With less money to spend on family, women pull back on purchasing for themselves

(Newser) - Women's spending on apparel for the first half of the Christmas season is down, alarming retailers and spawning broad worry in the industry. Experts blame a bleak economy and blah fashions for a slump of nearly 6% compared with a year ago, reports the New York Times. Men’s clothing...

Rich Getting Even Richer, Even Faster

Dec 15, 2007 4:17 PM CST

Rich Getting Even Richer, Even Faster

Gap between super wealthy and rest of US grows even bigger

(Newser) - America’s economy is great, the New York Times says, if you’re already super rich. Between 2003 and 2005, America’s top 1% saw a meteoric 42.6% jump in income. The rest of us? Well, the middle fifth earned an extra 4.3%, and the bottom fifth just...

Greenspan: Odds Rising
for Recession

Dec 14, 2007 9:03 AM CST

Greenspan: Odds Rising for Recession

Former Fed chief says US economy 'close to stall speed'

(Newser) - Alan Greenspan warned yesterday that sluggish economic growth is increasing the risk of recession. "It's too soon to say, but the odds are clearly rising," the former Fed chief told NPR. The subprime crisis and its resulting credit turmoil has growth "getting close to stall speed,"...

Nov. Retail Sales Up 1.2%; Sky May Not Be Falling

Dec 13, 2007 10:09 AM CST

Nov. Retail Sales Up 1.2%; Sky May Not Be Falling

(Newser) - November’s retail sales confounded doomsayers, surging 1.2%, twice the 0.6% analysts predicted, Bloomberg reports. Many had worried that consumer spending would take a hit as gas rose and housing fell, but now it looks like job and income growth could cushion the fall. “The numbers should...

Morgan Stanley Warns of Recession

Dec 12, 2007 6:11 PM CST

Morgan Stanley Warns of Recession

Housing slump, cost of borrowing could lead to 'perfect storm' in US economy

(Newser) - Morgan Stanley is warning that the US is headed to a recession, the Telegraph writes, indicating today that factors such as the continued housing slump and high cost of borrowing will lead to decreased demand and a “perfect storm” for consumers. A partial freeze on subprime mortgages and expected...

US Economic Woes to Slow Tech Spending

Dec 11, 2007 11:38 AM CST

US Economic Woes to Slow Tech Spending

Researchers say the sector will continue to grow, but belts will be tightening

(Newser) - Tech-spending growth, on a roll since recovering from the 2000 dot-com bust beginning in 2004, is likely to slow next year, dragged down by US economic woes and rising oil prices, reports the Wall Street Journal. Research firms say companies are likely to keep spending, but more slowly. As one...

Economists
See Rising Risk
of Recession

Dec 11, 2007 6:59 AM CST

Economists See Rising Risk of Recession

Nearly all in survey say Fed must take strong action, cut rates

(Newser) - Economists are painting a bleak picture of the US economy next year, with the housing mess, reduced job growth, and rising unemployment putting the likelihood of recession at its highest level in three years, the Wall Street Journal reports. Nearly all the economists surveyed by the paper said the Fed...

Dems Pitch Own Mortgage Plans

Dec 6, 2007 2:56 AM CST

Dems Pitch Own Mortgage Plans

They say Bush's freeze falls short

(Newser) - Democratic candidates are criticizing President Bush's plan to bail out homeowners in the subprime mess for not going far enough and have outlined their own, more ambitious, proposals, the New York Times reports. "It appears that the president is pushing a freeze for a very narrow group of borrowers,...

Americans Glummer on Economy

Dec 5, 2007 2:14 PM CST

Americans Glummer on Economy

71% expect recession; oil, mortgages are concerns, survey finds

(Newser) - More than half of Americans think the economy is performing poorly, and 71% predict a recession within the year, a new Bloomberg/Los Angeles Times poll shows. Energy prices in particular are contributing to the grim outlook and cautious spending, Bloomberg reports. "I probably will spend less this year because...

Airbus, VW
May Open
US Plants

Dec 4, 2007 4:00 PM CST

Airbus, VW May Open US Plants

Weak dollar has European companies looking overseas

(Newser) - The dollar’s continued weakness against the euro has European companies such as Airbus and VW looking to move production to the US, reports Der Spiegel. “We don’t have a choice,” said the CEO of Aribus parent company EADS. If Airbus wins a contract to supply the...