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Tag Archives: Us economy

The hidden risk to the economy in corporate balance sheets

corporate debt, US economy

NEW YORK (AP) — America has a debt problem, but it’s not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it’s the buildup in debt elsewhere that is most worrying some experts, and the big borrower ...

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US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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US factory orders contracted in February

FILE - This Jan. 7, 2015, file photo, shows factory chimneys near O'Hare International Airport in Chicago. On Monday, April 4, 2016, the Commerce Department reports on U.S. factory orders for February. (AP Photo/Nam Y. Huh, File)

WASHINGTON (AP) — Orders to U.S. factories fell in February for the third time in the past four months. Meanwhile, a key category that tracks business investment plans dropped by the largest amount in two months. Factory orders fell 1.7 percent in February after a 1.2 percent rise in January, the Commerce Department reported Monday. There was weakness in a ...

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Stock market skids after cautious comments from the Fed

NEW YORK — Stocks sank Wednesday after the Federal Reserve gave a cautious assessment of the global economy and said growth in the U.S. has slowed down. The statement from the Fed smothered a small rally in stocks earlier in the day. In addition to lowering its view of the U.S. economy, the Fed didn’t say if it will respond ...

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US stocks rebound a day after plunge, led by energy sector

NYSE wall st stocks

U.S. stocks bounced back from an early slide Thursday, recouping some ground a day after their worst drop since September. Energy stocks led the rally as the price of crude oil climbed more than 2 percent. Exxon Mobil and Chevron jumped 4 percent, by far the largest gains in the Dow Jones industrial average. Investors also had their eye on ...

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Analysis: Obama in campaign form in final State of the Union

president barack obama

WASHINGTON — President Barack Obama opened his State of the Union speech saying he’d keep it short, in what must have seemed music to the ears of some in the chamber antsy to get to Iowa to campaign for president. At times, Obama looked like he was one of them, eager to challenge biting criticism from Donald Trump, Ted Cruz, ...

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Oil keeps falling. And falling. How low can it go?

oil barrel

DALLAS  — The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right? Even after trending down for a year and a half, U.S. crude has fallen another 17 percent since the start of the year and is now probing depths not seen since 2003. “All you can do is forecast direction, and the direction ...

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US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to offset ...

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US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON (AP) — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to ...

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US stocks open higher, lifted by strong job gains

FILE - This Jan. 4, 2010, file photo, shows an entrance to a Wall Street subway station in New York. Strong U.S. jobs data continued to shore up stock markets on Monday, Dec. 7, 2015, as investors welcomed the growing certainty of an interest rate increase from the U.S. Federal Reserve the following week. Meanwhile, oil prices slid again after the OPEC oil cartel's decision to not cut production. (AP Photo/Mark Lennihan, File)

NEW YORK — Stocks are opening higher on Wall Street as traders were encouraged by news of strong job gains in the US last month. The gains early Friday came a day after the market had its worst drop in three months. Retailers and technology companies had the biggest gains. Energy stocks rose along with the price of oil. The ...

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