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US Economy

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  • The buying opportunities in US stocks     Sunday, 13 Jul 2014 | 11:09 PM ET

    The minor pullbacks in U.S. equities last week presented investors with "sector rotation opportunities", says Kingsley Jones, Founder and CIO of Jevons Global.

  • Gareth Berry, FX Strategist at UBS Investment Bank, says improvements in the U.S. economy may not be enough to make the Fed move away from its dovish stance.

  • What to expect from the Fed's Beige Book     Sunday, 13 Jul 2014 | 10:18 PM ET

    Ahead of the Fed's Beige Book report on Wednesday, Mark McFarland, Global Chief Economist at Coutts, weighs the possibility of an earlier than expected rate hike.

  • Why US corporate earnings may disappoint     Sunday, 13 Jul 2014 | 6:06 PM ET

    Michael Pento, President and Founder of Pento Portfolio Strategies, explains why markets won't see a strong earnings season in the second quarter.

  • US oil output booms—now refiners have to catch up Sunday, 13 Jul 2014 | 12:02 PM ET

    The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.

  • Most of the cuts he suggested in a 72- page review of Italy's public administration- an unpublished tome seen by Reuters that picks apart services ranging from disability benefits to policing- appear to have been ignored by Matteo Renzi's government.

  • How the sharing economy is growing Sunday, 13 Jul 2014 | 7:04 AM ET
    A TaskRabbit worker delivers groceries. The website is part of a growing sharing economy.

    Given the recession's ripple effect, more consumers have turned to collaborative consumption as way to test the entrepreneurship waters.

  • Owners of Trump Plaza casino expect it will close Saturday, 12 Jul 2014 | 10:39 AM ET

    ATLANTIC CITY, N.J.— Atlantic City's crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino said they expect to shut down in mid-September. Trump Entertainment Resorts told The Associated Press that no final decision has been made on the Boardwalk casino.

  • NEW DELHI, July 12- India's top finance ministry official said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.

  • UN warns Iraq of 'chaos' if no political progress Saturday, 12 Jul 2014 | 2:23 AM ET

    BAGHDAD— Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, further widening a split with the central government of Prime Minister Nouri al-Maliki.

  • DIARY - Top economic Events to July 24 Friday, 11 Jul 2014 | 8:01 PM ET

    STRASBOURG- ECB President Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg, France. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the central bank's semiannual monetary policy before the Senate Banking Committee- 1400 GMT.

  • Figures on government spending and debt Friday, 11 Jul 2014 | 6:56 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Business Highlights Friday, 11 Jul 2014 | 5:46 PM ET

    WASHINGTON— Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Tobacco firms Reynolds, Lorillard in merger talks. RICHMOND, Va.— Big Tobacco may soon get smaller.

  • WASHINGTON, July 11- The White House lowered its U.S. federal deficit forecast for the 2014 fiscal year by $66 billion to $583 billion on Friday on the basis of gathering economic momentum as evidenced by gains in hiring.

  • Lawmakers seek lower price for bill on vets' care Friday, 11 Jul 2014 | 4:15 PM ET

    WASHINGTON— Stung by sticker shock, members of Congress are scrambling to lower the cost of a bill to fix veterans' health care amid a growing uproar over long waits for appointments and falsification of records to cover up the delays at Veterans Affairs hospitals.

  • Retail rut? CEOs blame the economy Friday, 11 Jul 2014 | 3:24 PM ET
    A shopper carries his bags along Lincoln Road Mall in Miami, Beach Florida.

    If not the weather, what can retail CEOs blame for sluggish traffic? It's the economy, some say.

  • White House: 2014 deficit to drop $100B Friday, 11 Jul 2014 | 3:12 PM ET

    WASHINGTON— The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday. The latest update from the White House budget office is also $66 billion less than the administration predicted earlier this year when releasing the president's budget.

  • White House: 2014 budget deficit to drop to $583B Friday, 11 Jul 2014 | 2:53 PM ET

    WASHINGTON— White House: 2014 budget deficit to drop to $583 B.

  • Second federal judge wants info on lost IRS emails Friday, 11 Jul 2014 | 2:27 PM ET

    WASHINGTON— A second federal judge has ordered the IRS to provide information about lost emails from a central figure in the agency's tea party controversy. IRS officials say Lerner's computer crashed in 2011, destroying an untold number of emails. At the time, Lerner headed the IRS division that processes applications for tax-exempt status.

  • US records $71 billion budget surplus in June Friday, 11 Jul 2014 | 2:04 PM ET

    The Treasury Department said Friday that its June surplus totaled $71 billion, following a $130 billion deficit in May. The government also ran a surplus in June 2013, bolstered by dividends from Fannie Mae, the mortgage giant under federal conservatorship for the past six years.

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