Category: Economy

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Fed Leaves Policy Unchanged Despite Stronger Growth

Fed Leaves Policy Unchanged Despite Stronger Growth

Washington (AFP) -- The Federal Reserve on Wednesday stuck to its plan of holding its base interest rate near zero while steadily trimming its stimulus, despite a surprisingly str ...

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Twitter Surges On User Growth Figures

Twitter Surges On User Growth Figures

New York (AFP) -- Twitter shares surged in morning trade Wednesday after the messaging platform eased investor concerns with a quarterly report showing strong user growth and robu ...

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Economy Rebounds Strongly In 2nd Quarter, Expands At 4 Percent Annual Rate

Economy Rebounds Strongly In 2nd Quarter, Expands At 4 Percent Annual Rate

By Jim Puzzanghera, Los Angeles Times WASHINGTON -- The U.S. economy rebounded strongly in the second quarter after a winter contraction, expanding at a 4 percent annual rate, the ...

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Changing Sea Chemistry Will Hit Alaska Communities Hard, Study Says

Changing Sea Chemistry Will Hit Alaska Communities Hard, Study Says

By Sandi Doughton, The Seattle Times SEATTLE -- Oyster growers in the Pacific Northwest have already been stung by changes in ocean chemistry linked to greenhouse-gas emissions. N ...

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Fed Meets Amid Calls For Tighter Policy

Fed Meets Amid Calls For Tighter Policy

Washington (AFP) - The U.S. Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worrie ...

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Past-Due Debt Prevalent Across U.S., With South The Highest

Past-Due Debt Prevalent Across U.S., With South The Highest

By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON -- Roughly one in three adult Americans has past-due debt that's been turned over to a collections agency, according to a ...

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Dollar Tree To Buy Family Dollar In $9.2 Bn Deal

Dollar Tree To Buy Family Dollar In $9.2 Bn Deal

New York (AFP) -- U.S. discount retailers Dollar Tree and Family Dollar announced Monday a $9.2 billion merger that will create a huge chain of more than 13,000 stores across Nort ...

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Amazon Loss Widens Despite Climbing Sales

Amazon Loss Widens Despite Climbing Sales

By Glenn Chapman San Francisco (AFP) -- Internet retail titan Amazon reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10 ...

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U.S. Jobless Claims Fall To Eight-Year Low

U.S. Jobless Claims Fall To Eight-Year Low

Washington (AFP) -- New claims for U.S. unemployment insurance benefits tumbled to an eight-year low last week, pointing to a firming labor market, according to official data rele ...

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If Four Atlantic City Casinos Close In September, Then What?

If Four Atlantic City Casinos Close In September, Then What?

By Suzette Parmley, The Philadelphia Inquirer ATLANTIC CITY, N.J. -- This resort town faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. ...

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