By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - More positive news on the economy pushed stocks lower on Thursday as investors anticipate that the Federal Reserve is getting closer to reducing its stimulus program.
The number of Americans applying for unemployment benefits dropped to the lowest
By LUIS ANDRES HENAOAssociated Press
SANTIAGO, Chile (AP) - Poverty in Latin America and the Caribbean is now easing at a slower pace, the UN's regional economic body said on Thursday, calling on governments to make policy changes that encourage growth while reducing the huge gap between the
WASHINGTON (AP) - Average U.S. rates for fixed mortgages rose sharply this week, making home-buying slightly less affordable.
Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year loan jumped to 4.46 percent from 4.29 percent last week. The average on the 15-year fixed loan
By JOSH BOAK
WASHINGTON (AP) - U.S. factories received fewer orders in October, as aircraft demand fell and businesses cut back on computers. The decline suggests companies were hesitant to invest during the 16-day partial government shutdown.
Factory orders dropped 0.9 percent in October, the
NEW YORK (AP) - Stocks are mostly lower on Wall Street in early trading as retailers report poor results.
Aeropostale, Francesca's Holdings and The Wet Seal fell early Thursday after reporting lower income or issuing earnings forecasts that disappointed investors. Costco fell after reporting
CINCINNATI (AP) - Kroger's net income fell nearly 6 percent during the third quarter, partly on the costs from the pending acquisition of Harris Teeter.
Kroger and other supermarkets are trying to adapt to a shifting industry as shoppers increasingly buy groceries at big-box retailers,
By PAN PYLASAssociated Press
LONDON (AP) - Global stocks drifted lower Thursday as another round of strong U.S. economic data reinforced expectations that the U.S. Federal Reserve will begin to reduce its monetary stimulus this month.
Expectations that the Fed will decide to begin "tapering" its $
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - The White House is stepping up efforts to extend jobless benefits to long-term unemployed Americans, arguing that more than a million people will lose the assistance if it isn't renewed by the end of the month, slowing economic growth.
By JOSH BOAKAP Economics Writer
WASHINGTON (AP) - The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers.
The Labor Department said the less volatile four-week moving average declined 10
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold