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US Economy

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  • US Treasury bill rates mixed at weekly auction Monday, 21 Jul 2014 | 2:38 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged and six-month bills dropping to their lowest level in three weeks. The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week.

  • And the G-7 country with the best recovery is... Monday, 21 Jul 2014 | 10:14 AM ET

    The U.K. is set to be the fastest growing economy among the world's seven leading industrialized nations this year, according to a leading economic think tank.

  • Why next two weeks' earnings may test economy Monday, 21 Jul 2014 | 7:32 AM ET

    A long hoped for improvement in the economy appears to be manifesting in second-quarter U.S. earnings, but the next two weeks could be the real test.

  • GM orders sales halt for recalled Cadillacs Monday, 21 Jul 2014 | 7:25 AM ET
    2011 Cadillac CTS-V Wagon

    GM has ordered Cadillac dealers to stop selling some recalled models because it doesn't have a fix yet for an ignition switch problem.

  • US states with higher minimum wages gain more jobs Saturday, 19 Jul 2014 | 3:01 AM ET

    A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.

  • Obama is crushing the Reagan link—Putin knows it Friday, 18 Jul 2014 | 5:26 PM ET
    U.S. President Barack Obama, right, listens to Russian President Vladimir Putin after their bilateral meeting in Los Cabos, Mexico.

    The US won the Cold War largely because Reagan had a strong economy to back him up. Obama has broken that link—and Putin knows it, says Larry Kudlow.

  • Figures on government spending and debt Friday, 18 Jul 2014 | 5:09 PM ET

    WASHINGTON— Figures on government spending and debt.

  • IRS says hard drive that lost emails destroyed Friday, 18 Jul 2014 | 4:44 PM ET

    WASHINGTON— The IRS said Friday that Lois Lerner's computer hard drive was destroyed three years ago, ending any chance of retrieving her lost emails. In court papers, the IRS said the hard drive was destroyed after two sets of trained technicians tried to retrieve the data. The IRS says Lerner's computer crashed in 2011, destroying an untold number of emails.

  • What real traders (not the machines) worry about Friday, 18 Jul 2014 | 1:25 PM ET
    Israeli soldiers stand on their Merkava tank on july 17, 2014 at an army deployment area near Israel's border with the Gaza Strip.

    The Malaysian plane crash triggered a selloff by the machines but Gaza is a bigger worry for the human traders, says NYSE floor trader Kenny Polcari.

  • How MH17, Gaza will shape 2016's election Friday, 18 Jul 2014 | 11:21 AM ET
    Rescuers stand on the site of the crash of Malaysia Airlines Flight MH17.

    MH17 and Gaza suggest foreign policy could wind up playing a major role in the 2016 election, Politico's Ben White says.

  • This is the real cure for asset bubbles Friday, 18 Jul 2014 | 10:24 AM ET
    Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2014 in Washington.

    The Fed said some assets are overvalued, but we are unlikely to see tighter rates to nip bubbles for now. Financial Times reports.

  • Leading indicator points to stronger growth Friday, 18 Jul 2014 | 10:00 AM ET
    The reflection of a trader working is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

    The Conference Board's LEI was up 0.3 percent in June, just missing analyst estimates of 0.5 percent growth.

  • MADRID, July 18- European Central Bank policymaker Jens Weidmann said on Friday that loose monetary policy had "done its bit" to maintain price stability in the euro zone, but cited a litany of long-term dangers from easy money.

  • Are markets doomed or set for more gains? Thursday, 17 Jul 2014 | 6:26 PM ET

    With the prospects for U.S. economic growth starting to look up, analysts are divided over whether that should mark a sell signal for markets.

  • Maine nursing homes to get an additional $13M Thursday, 17 Jul 2014 | 2:30 PM ET

    Paul LePage announced Thursday that Maine's roughly 100 facilities will get an additional $13.1 million this fiscal year through an arrangement that doesn't require the Legislature's approval.

  • Fed's Bullard expects drop in labor participation Thursday, 17 Jul 2014 | 2:14 PM ET
    James Bullard, president of the Federal Reserve St. Louis.

    The government should not expect an influx of workers, a Fed official said, raising a point that goes against the view of Fed Chair Janet Yellen.

  • House passes tax breaks to boost charitable giving Thursday, 17 Jul 2014 | 12:43 PM ET

    WASHINGTON— The House passed a package of tax breaks Thursday designed to boost charitable donations by seniors, private foundations and procrastinators. The White House threatened to veto the bill because it would add $16 billion to the budget deficit over the next decade.

  • Alibaba said to launch IPO after Labor Day Thursday, 17 Jul 2014 | 11:00 AM ET
    Alibaba headquarters is shown in Hangzhou, Zhejiang Province, China.

    The company is now planning to price its IPO sometime after Labor Day, a person briefed on the matter said on Thursday. The New York Times reports.

  • Philly Fed factory activity surges in July Thursday, 17 Jul 2014 | 10:23 AM ET
    A mechanic works to hang a gearbox on a CF6-80C2 jet engine at General Electric's GE Aviation factory in Cincinnati, Ohio.

    Factory activity in the U.S. mid-Atlantic region accelerated in July at its fastest pace in more than three years.

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