Content Tagged 'Money'

US stocks edge higher; Allstate slumps on weak earnings
U.S. stocks edged higher in early trading Tuesday as energy stocks rebounded from a big sell-off. Those gains were offset by some disappointing earnings reports. Allstate fell sharply after the insurance company reported earnings that missed analysts' expectations.
US factory orders advance 1.8 percent in June
Orders to U.S. factories increased in June, driven by a big gain in commercial airplanes. A key category that reflects business investment plans posted a modest rise.
Oil prices down amid rising rig count, soft US economic data
The price of oil is sliding as traders brace for softer demand amid an increase in the number of active rigs and weak U.S. economic reports on construction spending and manufacturing activity.
Energy stocks lead a modest decline in early trading
U.S. stocks opened lower as energy stocks dropped following another decline in the price of crude. Investors were also watching the latest earnings releases. Tyson Foods slumped after cutting its earnings outlook for the year.
US construction spending up just 0.1 percent in June
U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building.
US economy posts solid 2.3 percent growth rate in Q2
After a harsh winter, the U.S. economy posted a solid rebound in the April-June quarter, led by a surge in consumer spending and a recovery in foreign trade.
Average US rate on 30-year mortgage falls to 3.98 percent
Average long-term U.S. mortgage rates fell for a second straight week, with the key 30-year rate slipping below 4 percent.
Stocks open lower in US after some weaker company results
Stocks declined in early trading Thursday, following disappointing results from several big companies including Procter & Gamble and Facebook. A positive report on U.S. economic growth did little to help the market.
Applications for US jobless aid rise to still-low 267,000
More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market.
US wage growth falls to record-slow pace in 2nd quarter
U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.
US stocks little changed as investors react to earnings
U.S. stocks were mixed in early trading Friday, as investors reacted to some disappointing quarterly earnings. Declines were led by energy companies after two big oil companies reported a slump in earnings.
US consumer spending edges up in June
Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items.
Average US rate on 30-year mortgage falls to 4.04 percent
Average long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective home buyers.
Fed holds steady on rates, seeks further economic gains
The Federal Reserve appears on track to raise interest rates later this year but is signaling that it wants to see further economic gains and higher inflation before doing so.
Nissan's quarterly profit up on cheap yen, US sales growth
Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe.
Higher minimum-wage proposals gain ground on both coasts
The push for a higher minimum wage gained momentum on both sides of the country, with New York embracing an eventual $15 an hour for the state's 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees.
Farewell FAO: Last day of business at Fifth Avenue toy store
The FAO Schwarz toy store on New York City's Fifth Avenue is taking a final bow.
Watchdog: Budget cuts lead to poor taxpayer service at IRS
An IRS watchdog says the tax agency provided poor customer service during this year's tax filing season as taxpayers struggled with identity theft and President Barack Obama's health law.
US pending home sales slip in June
The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth.
IMF's Lagarde: World economy fragile, faces downside risks
International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks."
Lew gets more than 1 million comments on currency redesign
Treasury Secretary Jacob Lew says he's gotten more than a million responses to his request for comments on how U.S. currency should be redesigned and recommendations for what woman should become the first female on U.S. paper money in more than a century.
Twitter stock plunges as user growth stalls
Tepid user growth and ongoing uncertainty about its leadership are dragging Twitter's stock to its lowest level in over a year even though the short-messaging service reported sharply quarterly higher revenue.
How to avoid a Ponzi scheme
CNNMoney's Zain Asher explains how a Ponzi scheme works and how to avoid falling for one.
Applications for US unemployment aid plummet to 42-year low
The number of people seeking U.S. unemployment aid plunged last week to the lowest level in nearly 42 years, evidence of a strong job market. Yet the drop also reflects seasonal volatility in the data.
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