US Economy: Retail Sales Unexpectedly Fell in April
By Courtney Schlisserman May 13 (Bloomberg) — Retail sales in the US unexpectedly dropped in April for a second month, indicating that rising unemployment is prompting consumers to conserve cash.
Archive for the 'Economy / Market' Category
US crude oil, gasoline stocks fall unexpectedly: EIA
By Haitham Haddadin NEW YORK (Reuters) – US crude oil stocks fell unexpectedly last week, their first drop in 10 weeks, as imports decreased, the federal Energy Information Administration said in weekly data released Wednesday.
Stamp prices rise two cents on Monday
AP Video By Matt Buhrman OTTUMWA — The price of first-class stamps will be increasing two cents on Monday, May 11th, to 44 cents.
Food drive nets less this year
By Amy ME Fischer The amount of food collected locally in Saturday’s 16th annual National Association of Letter Carriers food drive dropped for the second consecutive year, but food bank officials say that’s OK.
The Stress Tests: Designed to Help Banks Raise Capital
Most critics of the Stress Test have missed the point of the tests and underestimate the Obama Administration’s cleverness in helping banks raise capital.
US Postal Service website offers discounts on some services
You can save time and money printing and paying for postage online. There’s an 8% discount on international Express shipping and a 5% discount for commercial Priority Mail.
Some Gulf economies to shrink as crisis hits-IMF
By Daliah Merzaban DUBAI, May 10 (Reuters) – The International Monetary Fund slashed its 2009 economic growth forecast for the Gulf region by more than half to 1.3 percent as the three largest oil-exporting economies, including Saudi Arabia, …
Job figures not as bad as feared
The Labor Department’s employment numbers were better than expected, but they may be offset by an uptick in government hiring.
Scammers Target Social Security
By ANNE TERGESEN With the federal government set to dole out some $13 billion in economic-stimulus funds to Social Security recipients this month, various state and federal agencies are warning retirees to be on their guard against scams.
Populism, not tax reform
President Obama roiled the business community Monday by proposing to hike taxes on income generated outside the United States. The changes, which supposedly would close loopholes and remove incentives to export jobs and investment, would bring an …