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Economy

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  • Get ready for even lower gasoline prices Monday, 26 Aug 2013 | 9:17 AM ET

    The average price for a gallon of gasoline slipped again in the last two weeks, due to abundant supplies, according to the Lundberg survey released on Sunday.

  • July horror show: Durables plunge, darken outlook Monday, 26 Aug 2013 | 8:34 AM ET
    A customer shops for washers and dryers at Lowe's in Burbank, California.

    Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled.

  • Parents face the student loan double whammy Monday, 26 Aug 2013 | 7:32 AM ET

    Parents increasingly are struggling to pay off student loans even as their children take on new debts to pay for schooling. The loans are becoming a multigenerational burden.

  • Here's what economists say is US' biggest worry Monday, 26 Aug 2013 | 6:46 AM ET

    America's greatest challenge has something to do with Washington, according to a survey of business economists. What could it be?

  • Home prices across the US defy gravity Monday, 26 Aug 2013 | 6:00 AM ET

    Rising interest rates aside, housing prices in most parts of the country appear to have plenty of room to move higher.

  • Central bankers see risks from reducing liquidity Saturday, 24 Aug 2013 | 6:27 PM ET

    Global financial stability is at risk as central banks draw back from ultra-easy policies, because emerging markets lack defenses to prevent potentially huge capital outflows.

  • Why tapering talk may be a ‘temporary sideshow’ Friday, 23 Aug 2013 | 10:20 AM ET
    Ben S. Bernanke, chairman of the U.S. Federal Reserve

    A toxic combination of depressed employment participation rates, weak real growth and the onset of Obamacare, will force the Federal Reserve to increase rather than decrease quantitative easing next year.

  • Fed's Lockhart, Bullard differ over Sept taper Friday, 23 Aug 2013 | 10:06 AM ET
    Dennis Lockhart, president of the Federal Reserve Bank of Atlanta and James Bullard, president of the Federal Reserve Bank of St. Louis.

    Two regional Fed presidents expressed different views Friday about whether September would be the right time to begin to scale back the central bank's massive bond purchases.

  • El-Erian: No 1990s-style emerging market collapse Friday, 23 Aug 2013 | 10:05 AM ET

    Emerging markets are in a better position than they were in the 1990s, even with the recent plunge in places like India and Indonesia, Pimco CEO Mohamed El-Erian said on Friday.

  • The hidden reason why the Fed will taper: Pro Friday, 23 Aug 2013 | 9:42 AM ET
    South American tapir

    The Fed is in a bind, according to this pro. And tapering is their way out.

  • Cost of Western blazes spreads like wildfire Thursday, 22 Aug 2013 | 11:05 AM ET
    A house is fully engulfed with flames in the midst of the Black Forest Fire northeast of Colorado Springs, Colo.

    With wildlands in 10 Western states burning over more than 750,000 acres, this is shaping up to be another costly fire season.

  • Jobless picture is worse than you think: Gallup Thursday, 22 Aug 2013 | 11:00 AM ET
    Hundreds line up to attend a job fair in New York in April.

    While the government is expected to say the unemployment picture continues its gradual improvement, Gallup puts the unemployment rate at an ugly 8.6 percent in August

  • Why Bernanke's absence from Jackson Hole matters Thursday, 22 Aug 2013 | 10:59 AM ET
    The Tetons are the backdrop to the Federal Reserve's annual economic symposium in Jackson Hole, Wyoming.

    Not only is the chairman's absence a break with a 25-year tradition, but it comes at a time when markets crave clarity on the direction of monetary policy.

  • Looking up! Economic gauge rises 0.6% Thursday, 22 Aug 2013 | 10:00 AM ET

    The index of leading indicators climbed, pointing to an improvement in growth despite federal spending cuts and weaker global demand that had weighed on the economy.

  • US manufacturing growth hits five-month high Thursday, 22 Aug 2013 | 9:00 AM ET
    An employee uses a burning torch on a steel box beam at the Ellicott Dredges LLC manufacturing facility in Baltimore, Maryland.

    US manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report showed on Thursday.

  • US jobless claims rise, but still near 6 year lows Thursday, 22 Aug 2013 | 8:35 AM ET
    Job seekers fill out applications at a job fair at a new Target store in San Francisco on Aug. 15.

    The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low.

  • US household income is now this bad Thursday, 22 Aug 2013 | 6:24 AM ET

    The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.

  • UPS to end health care for spouses of some workers Thursday, 22 Aug 2013 | 6:02 AM ET

    In announcing a move that will affect about 15,000 employees, United Parcel Service cited costs associated with the federal health care law. The New York Times reports.

  • US existing home sales jump to 3-year high Wednesday, 21 Aug 2013 | 10:00 AM ET

    US home resales rose in July to their highest level in over 3 years, suggesting an increase in borrowing costs is having only a limited impact on the market recovery.

  • Why more companies are hiring part-time workers Wednesday, 21 Aug 2013 | 5:48 AM ET

    U.S. businesses are hiring at a robust rate. The only problem: Three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid.

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