GO
Loading...

Enter multiple symbols separated by commas

Top News & Analysis Washington DC

More

  • US consumer spending up moderate 0.3 percent in July Friday, 28 Aug 2015 | 8:31 AM ET

    WASHINGTON— U.S. consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months. Spending rose 0.3 percent in July, helped by purchases of big-ticket items such as cars, the Commerce Department reported Friday. "All of the data are heading in the right direction," said Jennifer Lee, senior economist at BMO...

  • WASHINGTON— Republican presidential candidate Donald Trump is promising to offer a plan within a month to overhaul the tax system, calling himself "king of the tax code." He's been hinting at such a plan recently, saying that wealthy Americans should pay more. Trump says hedge fund managers are big supporters of Democrat Hillary Rodham Clinton and GOP rival Jeb...

  • Ahead of the Bell: US consumer spending Friday, 28 Aug 2015 | 6:08 AM ET

    WASHINGTON— The Commerce Department releases its July report on consumer spending, which accounts for 70 percent of economic activity. SPENDING UP: The expectation is that spending rose 0.4 percent in July, according to a survey of economists by data firm FactSet. These analysts forecast that incomes also grew 0.4 percent in July.

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • Lester Ross, vice chairman of The American Chamber of Commerce in China, said Chinese consumers needed more choice in services, which would in turn provide more stability as plunging stock markets have exacerbated worries about China's economy. "China is actually depriving its citizens of the best available advice, the best available services," Ross told...

  • BEIJING— An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and other markets wider to foreign competitors...

  • MIAMI— The United States must bolster its military, push for more free trade and hold China far more accountable on human rights, Republican presidential candidate Marco Rubio writes in an op-ed for The Wall Street Journal. The U.S. senator from Florida is expected to provide details of his China policy Friday morning in Charleston, South Carolina, when he speaks...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • "The NLRB's actions today will subject employers to increased uncertainty, liability for workplaces that they don't actually control, and ramped up pressure tactics to ease union organizing," said Glenn Spencer, a vice president at the U.S. Chamber of Commerce. Business groups have said such a ruling, which came in the case of waste management company...

  • NEW ORLEANS, Aug 27- President Barack Obama said on Thursday urged the U.S. Congress to avoid contributing to global economic uncertainty and quickly pass a budget before a deadline at the end of September to prevent a government shutdown. He said Congress should avoid attaching to the bill "unrelated partisan issues," a reference to a tactic to use the must-pass...

  • Amgen wins approval for second biotech cholesterol drug Thursday, 27 Aug 2015 | 5:18 PM ET

    WASHINGTON— Amgen Inc. has won federal approval for the second medicine in a new class of pricey biotech drugs that reduce artery-clogging cholesterol more than older statin drugs that have been used for decades. Thousand Oaks, California- based Amgen priced the drug slightly below a similar drug Praluent, which costs $14,600 per year. Sanofi and partner...

  • Figures on government spending and debt Thursday, 27 Aug 2015 | 4:23 PM ET

    WASHINGTON— Figures on government spending and debt.

  • NEW YORK, Aug 27- The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent market...

  • "The FDA's job is to ensure tobacco products are not marketed in a way that leads consumers to believe cigarettes with descriptors like' additive-free' and' natural' pose fewer health risks than other cigarettes, unless the claims have been scientifically supported," Mitch Zeller, director of the FDA's tobacco products division, said in a statement.

  • BEIJING, Aug 27- Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday. Yao's comments, which came on the same day that state media issued a number of commentaries defending China's policy...

  • Business events scheduled for the coming week Thursday, 27 Aug 2015 | 1:17 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • FDA lays out proposal for naming lower-cost biotech drugs Thursday, 27 Aug 2015 | 10:33 AM ET

    But representatives for the generic drug industry warned that the FDA's proposal could curb those savings by making the drugs more difficult to prescribe. For decades, they have not faced generic competition because the FDA lacked a system to approve cheaper versions until 2012. Earlier this year the agency approved the first "biosimilar."

  • NEW YORK, Aug 27- The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent...

  • Average US rate on 30-year mortgage drops to 3.84 percent Thursday, 27 Aug 2015 | 10:17 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by economic developments in China. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage fell to 3.84 percent from 3.93 percent a week earlier.