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Economy News

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US new-home sales plummet in June WASHINGTON (AP) Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.
Yahoo! News | Jul 24, 2014 3:36 PM [GMT] | comment? | recommend
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IMF cuts global growth outlook, warns of stagnation risk in rich nations The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies. The IMF warned that only some of the f
Yahoo! News | Jul 24, 2014 3:03 PM [GMT] | comment? | recommend
IMF cuts US and global growth forecasts for 2014 WASHINGTON (AP) The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
Yahoo! News | Jul 24, 2014 3:02 PM [GMT] | comment? | recommend
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European stocks rise on firm data, as EU eyes sanctions European stock markets rose on Thursday and the euro recovered from an eight-month low as figures pointed to an uptick in growth in Europe and China. Shares were also helped by robust manufacturing data in China, the world's second-largest economy, w
Yahoo! News | Jul 24, 2014 2:09 PM [GMT] | comment? | recommend
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Futures trade higher, focus on earnings (Reuters) - Futures pointed to a slightly higher opening for Canada's main stock index on Thursday as the corporate reporting season picks up. June futures on the S&P TSX index were up 0.07 percent at 0730 ET. The Toronto Stock Exchange's S&
Yahoo! News | Jul 24, 2014 11:54 AM [GMT] | comment? | recommend
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Massachusetts monks tap brewing tradition to support aging members By Scott Malone SPENCER Mass. (Reuters) - Tucked off a two-lane highway in a hilly, wooded section of central Massachusetts, a group of Roman Catholic monks has embraced a centuries-old tradition they hope can sustain their aging members in a world of rap
Yahoo! News | Jul 24, 2014 11:30 AM [GMT] | comment? | recommend
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UK retail sales hit 10-year high in second quarter, but stagnate in June By Andy Bruce and William Schomberg LONDON (Reuters) - British retail sales rose between April and June at the fastest pace for a calendar quarter in 10 years despite stagnating last month, bolstering expectations that the economy has sustained its swift
Yahoo! News | Jul 24, 2014 11:28 AM [GMT] | comment? | recommend
For Californians, higher costs dampen support for clean energy By Jennifer Chaussee BERKELEY Calif. (Reuters) - An overwhelming majority of California residents support the state's mandate for reducing heat-trapping greenhouse gas emissions, so long as they do not bear the higher costs of cleaner energy themselves, a
Yahoo! News | Jul 24, 2014 10:30 AM [GMT] | comment? | recommend
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Obama presses to close corporate tax loophole 'inversions' By Jeff Mason LOS ANGELES (Reuters) - U.S. President Barack Obama will call on Thursday for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions," Whit
Yahoo! News | Jul 24, 2014 10:04 AM [GMT] | comment? | recommend
How High Debt From The Housing Collapse Still Stifles Our Economy Seven years after the subprime mortgage crisis, the U.S. economy has not yet fully recovered. Now two economists have come up with new evidence about what's holding the economy back. | Jul 24, 2014 10:01 AM [GMT] | comment? | recommend