By The Associated Press
Treasury prices rose Thursday as investors worried over disappointing June retail sales.
The yield on the benchmark 10-year Treasury note fell to 1.60 percent Thursday from 1.63 percent late Tuesday. Bond trading was closed Wednesday for
By The Associated Press
SERVICES SLOW: U.S. service companies grew in June but at the slowest pace in two and a half years, reflecting the weaker economy.
STILL GROWING: The Institute for Supply Management said its index measuring service-sector activity fell
NEW YORK (AP) - RETAIL ROUT: A number of retailers, Target, Costco, Kohl's and Macy's among them, reported June sales that fell short of most Wall Street expectations as confidence about the slowly recovering job market keeps people out of stores, or at least spending a
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - A slew of disappointing economic news spooked investors Thursday and pushed down the price of oil.
Major retailers reported tepid sales in June as consumers cut back on spending. And service companies appeared to be
By ANN M. JOBFor The Associated Press
Those who thought sport utility vehicles were going the way of the dodo were wrong. SUVs haven't died off amid higher gasoline prices.
To the contrary, Jeep's flagship SUV, the Grand Cherokee, just posted its best
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. service companies grew in June at the slowest pace in nearly two and a half years, more evidence that the economy has weakened.
But those same firms boosted hiring last month, supporting other data
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Retailers could be sweating it out this summer.
Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Stocks closed mostly lower on Wall Street Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought.
LONDON (AP) - A top British economic consultancy has won the 250,000 pounds ($390,000) Wolfson Economics Prize for its proposal on how a country can leave the euro.
The award to Roger Bootle and his team from Capital Economics was announced Thursday by the Policy
By ROBERT BARRAssociated Press
LONDON (AP) - Two leading credit rating agencies took steps Thursday toward downgrading Barclays in the wake of a trading scandal that's seen three senior Barclays executives, including CEO Bob Diamond, hand in their resignations