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US Economy

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  • Watch Art Cashin: Be wary of Ebola's effect Wednesday, 1 Oct 2014 | 3:54 PM ET
    Art Cashin

    Art Cashin of UBS says several factors are hurting stocks: Geopolitical tensions, Ebola worries, deflation and growth concerns.

  • Fear factors that are crushing stocks Wednesday, 1 Oct 2014 | 1:30 PM ET
    Trader on the floor of the New York Stock Exchange.

    The first diagnosis of an Ebola case inside the U.S. added pressure to an already shaky stock market and helped spur a flight to safety in Treasurys.

  • Amazon closing distribution plant in Kansas Wednesday, 1 Oct 2014 | 12:52 PM ET

    WICHITA, Kan.— Amazon.com plans to close a distribution center in southeast Kansas in February, a move that will affect hundreds of workers in this rural area, the online retailer said Wednesday. Amazon said it employs hundreds of workers in Coffeyville, but gave no specific numbers. Wedbush Securities analyst Michael Pachter said the retailer has reached deals...

  • Why the bond market is more fragile than you think Wednesday, 1 Oct 2014 | 11:50 AM ET

    NEW YORK— A bottleneck is building in the global market for bonds. Main Street investors have poured a trillion dollars into bonds since the financial crisis, and helped send prices soaring. BlackRock, the world's largest fund manager, is suggesting regulators consider new fees for investors pulling out of funds.

  • US factory activity grows, jobs gains best since 2012 Wednesday, 1 Oct 2014 | 9:46 AM ET
    Kieth Miller on the assembly line building Victory motorcycles at the Polaris Industries factory on August 8, 2014 in Spirit Lake, Iowa.

    America's manufacturing industry expanded in September, while employment in the sector grew at its best pace since March 2012.

  • Why this October could be a turning point for markets Wednesday, 1 Oct 2014 | 9:19 AM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    October could have a long list of market demons to contend with—from the shift in U.S. monetary policy to geopolitical issues that include Hong Kong.

  • MOSCOW, Oct 1- The International Monetary Fund halved its forecast for Russia's 2015 gross domestic product to 0.5 percent on Wednesday, saying that international tensions had created downside risks to its estimates.

  • Private payrolls show growth; August revised lower Wednesday, 1 Oct 2014 | 8:34 AM ET
    A woman walks past a "Now Hiring" sign as she leaves the Urban Outfitters store at Quincy Market in Boston, September 5, 2014.

    Private payrolls rose about in line with expectations in September, thanks to sharp growth in small business and service sector hiring, according to a report.

  • UK leader promises tax cuts, EU battle Wednesday, 1 Oct 2014 | 8:11 AM ET

    LONDON— Squeezed between insurgent anti-Europeans, a skittish party and suspicious voters, Britain's prime minister promised a tough stance on the EU and tax cuts for millions in a bid to bolster support for his Conservative Party before a national election next year.

  • MOSCOW, Oct 1- The International Monetary Fund halved its growth forecast for Russia for 2015 to 0.5 percent in gross domestic product terms on Wednesday, saying that uncertainty over geopolitical tensions brought downside risks to its estimates.

  • IMF MISSION HEAD SAYS RUSSIA NEEDS TIGHTER MONETARY POLICY TO REDUCE INFLATION.

  • 'Dr. Doom' Roubini reveals his black swan scenarios Wednesday, 1 Oct 2014 | 7:40 AM ET
    Nouriel Roubini warned that global central banks could cause the next crisis if they continue to use monetary policy to stimulate growth.

    Economist Nouriel Roubini has revealed the key flashpoints that are keeping him up at night, which he believes could hit "rationally complacent" financial markets.

  • *France postpones deficit reduction by a further two years. PARIS, Oct 1- France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.

  • MOSCOW, Oct 1- Russia's central bank will assume an oil price of $60 per barrel in its worst-case scenario for monetary policy, Interfax news agency quoted the bank's First Deputy Governor Ksenia Yudayeva as saying on Wednesday.

  • France's Socialists detail hefty spending cuts Wednesday, 1 Oct 2014 | 4:17 AM ET

    PARIS— France's Socialist government has detailed a 21 billion-euro cost-cutting plan, the biggest in the country's modern history, saying it will focus on trimming welfare benefits.

  • Astorino talks taxes; Cuomo gets Rockefeller nod Wednesday, 1 Oct 2014 | 3:31 AM ET

    Andrew Cuomo's bid for a second term bagged an endorsement from a Rockefeller Republican on Wednesday as Republican gubernatorial candidate Rob Astorino touted his plan to reduce taxes. In response, Astorino spokeswoman Jessica Proud tweeted: "Under Andrew Cuomo, only a Rockefeller can afford to live in New York. Astorino unveiled his tax proposals before a...

  • RUSSIAN CENTRAL BANK TO ASSUME OIL PRICE OF $60 PER BARREL IN ITS NEW STRESS SCENARIO OF MONETARY POLICY OUTLOOK- INTERFAX NEWS AGENCY.

  • TOKYO, Oct 1- Big Japanese manufacturers were slightly more optimistic in the third quarter but service-sector sentiment worsened, a central bank survey showed, adding to signs that a solid economic pickup will remain elusive without another burst of stimulus.

  • TOKYO, Oct 1- Big Japanese manufacturers were slightly more optimistic in the third quarter but service-sector sentiment worsened, a central bank survey showed, adding to signs that a solid economic pickup will remain elusive without another burst of stimulus.

  • SANTIAGO, Sept 30- Chile's public spending will rise 9.8 percent in 2015, President Michelle Bachelet said late on Tuesday, as her government seeks to boost investment in education and healthcare and counteract a slowing economy.

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